SHENZHEN/HONG KONG (Reuters) - The U.S. campaign against China’s Huawei is having little impact on the company’s sales and it is unlikely many countries will follow the United States in banning Huawei from building next-generation mobile networks, its rotating Chairman Eric Xu said. FILE PHOTO: Eric Xu, CEO of Huawei, addresses media at Cebit, the world's biggest computer and software fair, in Hanover, Germany, March 14, 2016. REUTERS/Nigel Treblin “Recently we are seeing a large number of countries making their own decisions,” Xu said during an interview at Huawei Technologies’ headquarters in Shenzhen. While Australia has banned Huawei from 5G networks over security concerns, European Union countries such as Germany and France have indicated they are likely to ignore the U.S. call to shut out the telecoms giant. “Maybe it’s only Australia,” Xu told Reuters reporters after a tour of the campus. Xu affirmed that … [Read more...] about China’s Huawei sees little impact on sales from U.S. broadside
Internet impacts on global business
By Josh Chin WSJ Sat., Feb. 9, 2019 The global internet is splitting in two. One side, championed in China, is a digital landscape where mobile payments have replaced cash. Smartphones are the devices that matter, and users can shop, chat, bank and surf the web with one app. The downsides: The government reigns absolute, and it is watching—you may have to communicate with friends in code. And don’t expect to access Google or Facebook. On the other side, in much of the world, the internet is open to all. Users can say what they want, mostly, and web developers can roll out pretty much anything. People accustomed to China’s version complain this other internet can seem clunky. You must toggle among apps to chat, shop, bank and surf the web. Some websites still don’t seem to be designed with smartphones in mind. The two zones are beginning to clash with the advent of the superfast new generation of mobile technology called 5G. China aims to be … [Read more...] about The Internet, Divided Between the U.S. and China, Has Become a Battleground.
Pham Hong Hai, CEO at HSBC Vietnam A new generation of trade pacts have paved a strong ground for foreign-invested enterprises (FIEs) to enter a dynamic Vietnamese market while providing home-grown enterprises with unprecedented opportunities to apply more strident global standards. Major trade pacts such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam FTA (EVFTA) will be seen by Vietnamese with international aspirations and FIEs seeking opportunities in Vietnam with equal enthusiasm. Let’s take the CPTPP. This is an ambitious deal expected to bring significant economic gains to all 11 member states. For Vietnam alone, the agreement is expected to boost both exports and imports. In particular, exporters operating in leather footwear, textiles and garments and other labour intensive sectors, are best placed to take advantage of improved trade regulations. Foreign investors will be eyeing opportunities in Vietnam on the … [Read more...] about Following free trade deals, businesses will earn rewards
Mai Linh launches cooperative to attract idle cars Mai Linh Group on November 15 will officially introduce and start the operation of Hoa Binh Xanh Taxi Cooperative in HCMC, which will call for the participation of owners of idle cars. According to the group’s press release, the cooperative is expected to offer more choices to the group’s customers. Early joiners of Hoa Binh Xanh Cooperative will be exempt from the management fee until December 31. They will also receive a uniform, free training courses and practicing certificates. After that, they will have to pay the management fee of only 13.9% of revenues for the duration of their contracts. Hoa Binh Xanh Cooperative will share Mai Linh’s taxi booking app and use call center 1055. The cooperative’s taxicabs will not be forced to have bright colors or be repainted in green, the traditional color of Mai Linh. However, they will have a lightbox highlighting the word “Taxi,” the Hoa Binh Xanh logo … [Read more...] about BUSINESS NEWS IN BRIEF 15/11
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