A scene from the satiric folktale named Ngao so oc hen performed at Bet cafA
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Author: Calvin Cheng, ISIS Malaysia After two years of alternating between tense escalation and fleeting periods of calm, the United States and China reached a...
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After five years of negotiations with countless disagreements and obstacles, trade ministers of 12 TPP member states reached the final consensus on the world’s largest free trade agreement on October 5 evening. Before the agreement is officially signed, TPP must be approved by the heads and parliaments of the 12 member states countries.
NDO/VNA – Vietnam will be Country of Honour at the 2016 China –ASEAN Expo (CAEXPO), Secretary General of the CAEXPO Secretariat Wang Lei announced on September 21. Addressing a press conference in Nanning city, the Chinese province of Guangxi where the CAEXPO 2015 was recently held, Wang said the decision was reached during the 12th CAEXPO senior officials’ meeting on September 20. The Country of Honour mechanism was first introduced at the CAEXPO 2007. It is rotated among ten ASEAN member countries - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. This year, Thailand was named as the Country of Honour. According to Wang, the CAEXPO 2015 attracted 85 groups of investors and buying mission, up 5% last year. Popular products such as rice, coffee, wooden furniture and handicrafts, as well as China’s packaging and food processing equipment and electronics and electrical appliances grabbed the attention of buyers. Many deals were signed, including a memorandum of understanding between the Bank of China’s Bangkok branch and the China-ASEAN Investment Co-operation Fund, and 34 projects involving machinery production, automobile spare parts and construction materials. Fringe events include 27 thematic seminars and forums featuring China – ASEAN co-operation across investment, e-commerce, electronics, pharmaceuticals, mining, finance and tourism, together with 84 trade promotion and investment programmes. Initiated by China, the first CAEXPO was held in Nanning in 2014 in order to promote a free trade zone between the two sides. The event has since become an annual platform for thousands of Chinese and ASEAN businesses. By nhandan.com.vnThe post Vietnam to be Country of Honour at CAEXPO 2016 appeared first on Asean Investment | Marc Djandji Blog.
HCM CITY (VNS) — Viet Nam ranks high among ASEAN countries in the number of merger and acquisition (M&A) deals and the value of deals that involved the world's inflow capital, according to the consulting firm RECOF Corporation of Japan. In the first half of this year Viet Nam took the second position with 77 deals, second only to Singapore with 93. Through these deals, Vietnamese enterprises received US$1.122 billion from investors elsewhere, ranking third, after Singapore and Indonesia. Between 2005 and 2009, Viet Nam's figures were 307 deals worth $2.888 billion, which placed the country at sixth among six ASEAN countries, after Singapore, Malaysia, Indonesia, Thailand and the Philippines. The company's managing director Masataka Yoshida cited the country's high quality workforce, the Government's policy to attract investments with new investment, enterprise and land laws, and improvement of infrastructure and logistics network. The development of the private sector and the geographic advantage as a hub of ASEAN in connection with China were also cited. The formation of the ASEAN Economic Community and the increase in consumers in the middle-income category are also factors affecting Viet Nam's growth. The AEC offers opportunities in reducing and removing custom duties, as exports will increase in competitive industries, leading to more investments to expand production. The boom in consumers with growing demand will also attract more investments. Deputy Minister of Planning and Investment Dang Huy Dong told participants at the M&A Forum held yesterday by Dau Tu (Investment) newspaper in coordination with AVM Vietnam, an investment promotion company, that Viet Nam's National Assembly had recently given its approval to the Public Investment Law, amended Investment Law, amended Enterprise Law and amended laws on housing and real estate. The Government had also issued a decree enabling larger room for foreign investment in various areas. The implementation of the laws and policies are creating a better legal environment for investment and trade in general and M&A market in particular, said the deputy minister. The country's deeper and wider integration into the world's economy is offering new opportunities for M&A activities, he said. Eight years after joining the World Trade Organisation, Viet Nam is actively participating in the formation of the AEC, and deploying the implementation of commitments in free trade agreements with its partners, which is a driving factor behind M&A activities. Another factor is the Government's programme to equitise State-owned enterprises. The Prime Minister approved the plan to turn 432 SoEs in to joint stock status in the 2014-2015 period. To date, 176 of them have been equitised. Initial public offerings by major SoEs have been creating new, attractive supplies to the M&A markets. The restructuring of commercial banks and the divestments from non-core business by SoEs have made the M&A markets more attractive. Another driving factor is the strong, emerging private sector with many businesses choosing M&A as an important strategy for restructuring to ensure sustainable growth, according to Dong. The State Securities Commission of Viet Nam's Chairman Vu Bang said encouraging signs for foreign investment were the recovery of the macroeconomy, reform policies opening a wider door to foreign investors, the conclusion of FTAs and TPPs, the bouncing back of the stock market, and new regulations including wider room for foreign investors in companies. "The derivatives market expected to open next year will help prevent risks and boost the growth of the stock market, promoting M&A deals," he added. Experts at the forum said foreign investors, especially those from Japan, Korea and the US, have high interest in M&A activities in Viet Nam and have plans for deals. Statistics from the MAF research group show that the value of M&A transactions last year in Viet Nam rose 20 per cent compared to 2013, reaching $4.2 billion (more than 300 deals), still lower than the record of $5 billion in 2012. The retail sector, consumer industry and real estate made up the largest proportion in terms of the number of deals and value. By VNSThe post Viet Nam ranks high in M&A appeared first on Asean Investment | Marc Djandji Blog.
China will invest a whopping USD 1.75 billion in energy-hungry Vietnam to build a 1,200-MW thermal power plant that will help promote the neighbouring communist nation's economic development. Chinese enterprises will build the new units at Vinh Tan 1 thermal power plant in Vietnam's southern Binh Thuan province, state-run People's Daily reported. With a total investment of USD 1.75 billion, the contruction of the plant, reportedly the largest project in Vietnam operated by Chinese companies, is expected to be completed in four years. It is a joint investment venture of China's Southern Power Grid Company, China Power International Development Company (95 per cent of investment) and the Power Corporation under the Vietnam National Coal-Natural Industries Corporation. The project includes two generating units, with each 600 megawatts. The first unit will be put into use by the end of 2018, and the second one will be operated six months later. The plant, which is constructed under the build-operate- transfer contract, will help increase the power supply, create jobs, promote economic development and improve people's livelihood, said Hu Zucai, deputy director of the National Development and Reform Commission of China, before the opening ceremony of the construction of Vinh in Hanoi on July 18. Vietnam is struggling to meet its increasing energy demand and has been cutting coal exports to save the fossil fuel for its use. In the first half of this year, Vietnam's coal exports dipped an estimated 76.3 per cent from a year ago to 1.08 million tonnes. By moneycontrol.comThe post China to invest $1.75 billion to build Vietnam power plant appeared first on Asean Investment | Marc Djandji Blog.