TEXTILE AND GARMENTS LIKELY TO HIT $40B IN EXPORTS THIS YEAR
“After a quiet period, the fibre sector has started to prosper. Customers are showing more interest in it while the price has also recovered. We hope the market will correct itself over the next year and return to the highs seen in 2016-17,” Hiếu said.
CHINESE PORT WANTS TO INVEST IN LOGISTICS, OPEN A LINE TO VUNG ANG PORT
Leader of Xiamen Port Group, Zhiping Chen, said Xiamen is a coastal city in Fujian Province in China. Xiamen Port is among the top seven largest ports in China and the 16th largest container port in the world. The port is a deep-water one that can accommodate up to 100,000-ton ships. It has routes to Asia, Europe, the Americas and the Mediterranean.
BANKING AND FINANCE TO EMBRACE DIGITAL TRANSFORMATION
Digital technologies have had a strong impact on the country's economy and nowhere that impact has been more strongly felt like in the banking and finance sector. Technologies helped improve business models and processes as well as created new products and services to serve the need of customers.
WEEKLY DIGEST FROM HKSAR GOVERNMENT
We are pleased to share with you the latest copy of “Weekly Digest” (17.10.2019 - 23.10.2019), which is a weekly round-up of news and information on Hong Kong prepared by the Information Services Department (ISD) of Hong Kong SAR Government.
INVITATION TO THE FOURTH APEC CONFERENCE ON SUPPLY CHAIN FINANCE
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.
INVEST IN TRX RESIDENCES, KUALA LUMPUR MALAYSIA
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.
VIETNAMESE PORT INFRASTRUCTURE NEEDS SOLUTIONS TO KEEP PACE WITH GROWTH
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.
TEXTILE INDUSTRY HIT BY ON-GOING TRADE
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.
