The accord, according to Wall Street Journal, will open the Chinese market to foreign firms – especially in financial services – and provide strong new protection for trade secrets and intellectual property. Furthermore, possible tariff reductions will be left to later negotiations. … [Read more...] about US-China trade deal brings optimism to Vietnamese stock exchange
China trade secrets
Phạm Sỹ Thành, director of the Việt Nam Centre for Economics and Policy Research’s China Economic Research Programme, speaks at a conference on the US-China trade war held yesterday in HCM City. (Photo: VNS) … [Read more...] about Enterprises urged to prepare for escalating US-China trade war
Hanoi (VNA) – Foreign exchange rates are likely to rise strongly due to concerns that the US-China trade war may be escalating, said Director of the Vietnam Institute for Economic and Policy Research (VEPR) Nguyen Duc Thanh. The official said so while releasing a report on Vietnamese macro-economy for the second quarter announced by the VEPR under the University of Economics, an affiliate of the Hanoi National University, on July 11, affirming that the US and China are particularly significant trade partners to Vietnam. While the US is the largest importer of Vietnamese goods, accounting for nearly one-fifth of Vietnam’s total export revenue, Vietnam also imports the most goods from China with roughly a quarter of the total import value. Once the Chinese yuan loses value, Vietnam’s trade balance with China will be affected as low-cost Chinese goods will flood into the country. In the face of the US Federal Reserves (Fed)’ monetary tightening and Chinese … [Read more...] about Foreign exchange rates likely to rise amidst US-China trade war
S&P 500, Nasdaq end at records ahead of US-China trade deal (photo AFP) The broad-based S&P 500 jumped 0.7 per cent to 3,288.13, while the tech-rich Nasdaq Composite Index gained 1.0 per cent to end 9,273.93, both eclipsing all-time highs reached last week. … [Read more...] about S&P 500, Nasdaq end at records ahead of US-China trade deal
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?