Business News

The Cebu Action Plan calls for reforms to the secured transactions framework and the development of movable asset finance market in order to improve access to finance by SMEs, Agri business operators, traders, etc. Supply Chain Finance is a main part of the larger movable asset finance market. It has been found to be a useful and organized way of increasing business lending to the priority clients.

Asia Bankers Club is offering a free seminar for many of its existing and new investors looking to make the move to Kuala Lumpur or make a property investment in Malaysia. Join our seminar to find out more.

After two plans (in 1999 and 2009) and one adjustment (in 2014), to date, Viet Nam has 45 seaports with total capacity of more than 550 million tonnes per year. Major ports are concentrated in northern Hai Phong City, Da Nang and Quy Nhon in the central region and HCM City in the south.

Export of raw materials to China, traditionally a major market for Vietnamese products that accounts up to 60 per cent of the country’s total export volume, plummeted as China cut back on imports. Among the most affected was yarn export with the price continuing to fall as fears of further tariffs being slapped on an additional US$250 billion worth of Chinese goods linger.

Driven by the rapid urbanization and strong industrial growth of Dong Nai province, Giang Dien Industrial Park was set up to meet investor demands in this dynamic economic region. After more than 10 years of operation, the industrial park has become a magnet to investors, laid a stepping stone for industrial development breakthroughs and the quick urbanization process in the province and played an active role in realizing the goal of making Dong Nai a modern industrial province by 2030.

The new circular has amended and supplemented contents relating to difference of HS codes on the certificate of origin (C/O) and on import declaration form; the list of imported goods subject to certificates of origin submitted to customs offices. Particularly, the circular supplements important regulations on rules of origin made under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The AFF 2020 will continue to be Asia’s premier platform for exchanging ideas and intelligence on redefining growth, driving inclusive development as well as leveraging financial innovation that keeps on reshaping the global economy, for the continued advancement of human society.

Many companies seeking to expand could not find enough land for lease in them and rentals were too high compared to EPZs and IPs in neighbouring provinces. Roads near EPZs and IPs were often overloaded, leading to higher production costs for their tenants and reducing their competitiveness, Tran Trong Tien, a representative of enterprises in Tan Thuan Export Processing Zone said.