Mexico to face fierce competition from Vietnam: Mexican economists Mexican economists have shared the view that once the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect, Mexico will have to face fierce competition from Vietnam in many sectors, such as garments and textiles, leather and footwear, and electronic equipment. Arnulfo Gomez, a foreign trade expert, said Vietnam has successfully implemented a commercial strategy that helps improve the quality and competitiveness of its products on the international market by reducing spending on materials and applying technology in production. With such advantages, Vietnam has more capacity than Mexico to utilise opportunities generated by the CPTPP, he said. The experts suggested that the Mexican Government set forth new measures to raise the competitiveness of domestic businesses, thus avoiding adverse impacts from the deal. Statistics of the Mexican Ministry of … [Read more...] about BUSINESS NEWS IN BRIEF 16/12
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BUSINESS NEWS IN BRIEF 11/11
Vietnam’s rice exports hit 5.2 million tonnes in ten months Vietnam shipped abroad 264,000 tonnes of rice in October this year for 136 million USD, pushing the total figures so far this year to 5.2 million tonnes worth 2.6 billion USD, up 1.7 and 14.1 percent year-on-year. China remained the leading importer of Vietnamese rice with a growth rate of 24 percent. Strong rises were also seen in many other markets, such as Indonesia, Iraq, the Philippines, and Malaysia. Average rice prices in the first nine months of 2018 reached 503 USD per tonne, up 13.7 percent year-on-year. The highest price was recorded for Jasmine rice with 575 USD per tonne, followed by Japonica with 526 USD per tonne. The export of medium- and high-quality rice increased, while that of low quality types reduced, now accounting for just 2 percent of the total export volume. [Video: Vietnamese rice now top quality on the international market] On October 18 this year, the Philippines closed its bidding and … [Read more...] about BUSINESS NEWS IN BRIEF 11/11
BUSINESS NEWS IN BRIEF 16/10
Vietnam’s Macroeconomic Policies-Third Quarter 2018 under scrutiny HCM City Securities Corp tops derivatives market share HCM City Securities Corporation (HSC) had the biggest market share on the derivatives market in the third quarter of 2018, according to the Ha Noi Stock Exchange. Of the 11 securities companies that are allowed to operate in the derivatives market, HSC held a 25.35 per cent market share. HSC was followed by VNDirect Securities JSC (23.98 per cent), MB Securities JSC (15.88 per cent) and Saigon Securities Inc (15.40 per cent). Other securities firms with less than 10 per cent market share included VPBank Securities JSC (9.87 per cent), BIDV Securities JSC (4.65 per cent) and Viet Capital Securities Co (2.84 per cent). The three new securities companies whose operation on the derivatives market had been accepted earlier by the HNX were Viet Dragon Securities JSC, KIS Vietnam Securities Co and Vietcombank Securities Co Ltd. Those three … [Read more...] about BUSINESS NEWS IN BRIEF 16/10
Inclusive growth, the future of ASEAN business
Lan Mercado, Regional Director for Oxfam in Asia We, the people of ASEAN, our leaders, governments, businesses, and activists, want an Asia that works for all of us. Le Luong Minh, former Secretary-General of ASEAN, said that they want to advance towards inclusive growth and sustainable development, and its Economic Community Blueprint 2025 pictures a region that works for all – a resilient, inclusive, and people-oriented, people-centered economy. In our region, we've seen remarkable economic growth over recent decades; in less than five decades, the gross domestic product (GDP) has climbed from $37.6 billion in 1970 to $2.6 trillion in 2016, driven mainly by the exponential growth of private sector enterprises. In the past two decades, over 100 million people have gained jobs, and millions have overcome poverty. Investment is up, infrastructure is rising, trade is expanding, and regional prosperity has boomed. So, then what’s the problem? Despite this economic boom, … [Read more...] about Inclusive growth, the future of ASEAN business
Inclusive business, the future of ASEAN
Lan Mercado, Regional Director for Oxfam in Asia We, the people of ASEAN, our leaders, governments, businesses, and activists, want an Asia that works for all of us. Le Luong Minh, former Secretary-General of ASEAN, said that they want to advance towards inclusive growth and sustainable development, and its Economic Community Blueprint 2025 pictures a region that works for all – a resilient, inclusive, and people-oriented, people-centered economy. In our region, we've seen remarkable economic growth over recent decades; in less than five decades, the gross domestic product (GDP) has climbed from $37.6 billion in 1970 to $2.6 trillion in 2016, driven mainly by the exponential growth of private sector enterprise. In the past two decades, over 100 million people have gained jobs, and millions have overcome poverty. Investment is up, infrastructure is rising, trade is expanding, and regional prosperity has boomed. So, then what’s the problem? Despite this economic boom, … [Read more...] about Inclusive business, the future of ASEAN