World market news

Participants at the workshop (Source: Cong Thuong newspaper) HCM City (VNA) – Myanmar is a promising market for Vietnamese businesses, heard a workshop in Ho Chi Minh City on November 19. Vo Thi Ngoc Diep, Vietnamese Commercial Counsellor in Myanmar, described the growing trade and investment ties as a spotlight in the bilateral relations over the past time. According to the official, Vietnam is now one of the 10 biggest trade partners of Myanmar. In 2018, two-way trade reached 860 million USD, of which Vietnam exported over 700 million USD worth of goods to the market. In the first nine months of 2019, bilateral trade was estimated at 708 million USD, a year-on-year rise of 8.5 percent. Vietnam exported over 530 million USD worth of products to Myanmar. Diep said Myanmar is a potential market for Vietnamese products and services such as iron and steel, electronics, motorbikes and bicycles, food and processed materials, household electrical appliances, construction, … [Read more...] about Myanmar – promising market for Vietnamese businesses

Featured Bangkok, Hanoi, Jakarta (GMT+7) Oldest Latest Has news updated Warming upThailand players enter My Dinh Stadium.Vietnam players warm up in My Dinh Stadium. Thailand fans do not seem intimidated by the red-colored crowds. Fan boy and grandpaPhoto by Pham Duong.Photo by Pham Duong. Anticipation is high for the match between the big rivals. Many fans flocked to My Dinh Stadium in Hanoi hours before the game starts at 8 p.m.Vietnam and Thailand fans pose with banners outside My Dinh Stadium in Hanoi. Photo by Ngoc Thanh.A fan from Thailand. Photo by Ngoc Thanh.Vietnam fans with flags and banners on the street. Photo by Ngoc Thanh. Vietnam and Thailand had a nil-nil draw in the first leg of their World Cup qualifiers in Bangkok in September. Vietnam are currently top of Group G, after they earned a 1-0 victory against 10-man UAE at home and Thailand lost an away match 1-2 to Malaysia last Thursday. … [Read more...] about World Cup qualifiers: Vietnam vs Thailand

Tran Quoc Pagoda in Hanoi and Buu Long Pagoda in Ho Chi Minh City have been listed among the top 20 most beautiful Buddhist temples voted by the US magazine National Geographic. Tran Quoc pagoda in Hanoi (Photo: baophapluat.vn)   Tran Quoc pagoda is located on a small peninsula on the east side of the West Lake and is nearly 1,500 years old. It was the Buddhist centre of Thang Long citadel during the Ly and Tran Dynasty. According to the magazine, the 11-story red pagoda is topped by a nine-story gemstone lotus. Gold and bronze statues clutter altars throughout the temple, and three different female Buddhas, called “Mothers,” can be found in Tran Quoc’s front courtyard. With its historical and architectural values, Tran Quoc pagoda has attracted many Buddhists and visitors in Vietnam and from abroad. Buu Long Pagoda, which is located on an area of over 11 hectares at the Ethnic Culture Historical Park in District 9, Ho Chi Minh City, formed by … [Read more...] about Two Vietnamese pagodas listed among world’s top 20 most beautiful

Financial Markets Finance ministry warns of high corporate bond rates The Saigon Times Daily Tuesday,  Nov 19, 2019,19:50 (GMT+7) Finance ministry warns of high corporate bond rates The Saigon Times Daily A person holds packets of Vietnamese banknotes. The Ministry of Finance has advised investors not to be lured by the relatively high coupons of corporate bonds - PHOTO: THANH HOA HCMC – The Ministry of Finance on November 19 made recommendations concerning corporate bonds, advising investors to carefully consider purchasing those bonds coming with high coupons, reported Sai Gon Giai Phong newspaper. According to the ministry, a corporate bond is a debt security issued by a corporation, typically backed by the firm’s payment ability. Whether the issuer can repay depends on its financial and business performance, so investors should carefully consider and evaluate possible risks before deciding to buy … [Read more...] about Finance ministry warns of high corporate bond rates

A corner of Singapore (Photo: AFP) - Singapore has made the top 10 rankings of the most competitive places for talent - the first time it has reached the elite level in a league table compiled by Swiss business school IMD. It is also the only Asian country to make the list, which is dominated by European states. Switzerland topped the IMD World Talent rankings, followed by Denmark, Sweden, Austria and Luxembourg. Singapore rose three notches to edge out Germany for the 10th spot. The rankings, which appraise how 63 economies develop, attract and retain talent, are based on historical data as well as surveys of thousands of executives. Economies are then scored based on three categories of investment and development, appeal and readiness. Investment and development takes into account indicators such as public spending on education, pupil-teacher ratio and health infrastructure, while appeal factors in components such as cost of living, worker motivation and quality of life. Readiness … [Read more...] about Singapore among top 10 competitive economies for talent