In the agreement, both sides commit to abide by the International Monetary Fund's principles on avoiding the manipulation of exchange rates and say they will work to achieve market-determined exchange rates and refrain from competitively cutting their value of their currencies. … [Read more...] about What’s in the new US-China ‘phase one’ trade deal?
Bao dau tu
Toyota's investment in Joby is its latest venture into the flying vehicle field after joining up with Uber to develop an 'urban air taxi' . (Photo: AFP/KEVORK DJANSEZIAN) The investment in Joby Aviation comes as the automaker looks to expand into new sectors as the industry rapidly transforms, with president Akio Toyoda pledging to move the firm "from a car manufacturer to a mobility company". … [Read more...] about Toyota investing US$400 million in flying car company
“We have received support from traditional artists, cultural researchers and local authorities to stage Dem Hoa Le. We hope the programme will become a popular event for theatre lovers and visitors who love Vietnamese culture,” said Hoang, who is trying to preserve traditional theatre. … [Read more...] about New cultural programme preserves traditional values
An individual points at a screen featuring stock prices. Bank stocks uplifted the local market on January 16 - PHOTO: THANH NIEN HCMC – Outstanding performances of BID and CTG in the group of bank stocks and other bluechips uplifted the VN-Index on the southern bourse today, January 16. … [Read more...] about VN-Index flies high on bank stocks
That may herald a long-awaited change to another way of importing much-needed capital: lifting the foreign ownership limits (FOLs) in banks set out in Decree No.01/2014/ND-CP on foreign investors’ FOLs at Vietnamese credit institutions (currently capped at 30 per cent). But the narrative for payment intermediary businesses is trending the other way – a draft decree that may be passed in 2020 may create a new 49 per cent foreign ownership. … [Read more...] about The shape of things to come in Vietnam’s M&A domain