The US wants to halt Huawei's global advance. It may be too late Huawei's rise as a global tech company is under threat as an increasing number of governments express concern that its technology could be used by Chinese spies. But the US-led campaign against the Chinese company may do little more than act as a brake on growth, given the dominant position Huawei has already built in fifth generation (5G) wireless technology. It has loyal customers in emerging markets and parts of Europe, and expects to become the world's top smartphone seller by next year. "This campaign will only slow Huawei's business growth in some countries in European and Asia Pacific markets," said Charlie Dai, an analyst with research firm Forrester based in Beijing. "But I don't think it's going to retreat from any market at all in the foreseeable future." Huawei's global dominance has raised alarm bells in the United States, which has accused the company of selling products that the Chinese government could … [Read more...] about The US wants to halt Huawei’s global advance. It may be too late
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BUSINESS NEWS IN BRIEF 20/1
Vietnam Sustainability Forum 2019 takes place in Hanoi At the forum (Source: VOV) The Vietnam Sustainability Forum 2019 took place in Hanoi on January 18 following the successful organisation of the first event last year. The forum creates a platform for policymakers, non-governmental organisations, businesspeople, and experts at home and abroad to exchange ideas to promote economic growth and sustainable society. Deputy Minister of Planning and Investment Le Quang Manh said Vietnam needs more effective solutions to address sustainable issues in the fields of human resources, climate change adaptation, smart agriculture, environment, and the Fourth Industrial Revolution. “Promoting sustainable development is not only about economic development, but also the settlement of social issues and environmental protection,” he said. In 2018, Vietnam recorded the region’s highest GDP growth at 7.08 percent as well as a trade surplus of 7.21 billion USD, tripling that of … [Read more...] about BUSINESS NEWS IN BRIEF 20/1
BUSINESS NEWS IN BRIEF 13/10
Helicopter Corporation to sell 20.3 million shares of MBLand Holdings The Vietnam Helicopter Corporation (VNH) will auction 20.3 million of its shares in property developer MBLand Holdings with the beginning price of 12,366 each on October 26. According to the Ha Noi Stock Exchange, VNH holds a 31 per cent stake in MBLand Holdings. VNH is expected to collect a minimum VND251 billion from the sale. MBLand, formerly known as MB Real Estate JSC, was established on January 25, 2008 by two major shareholders, Military Commercial Joint Stock Bank (code: MBB) and VNH. After nine years of establishment and development, MBLand Holdings now has an ownership capital of VND800 billion, total assets worth VND2 trillion and charter capital of VND653.7 billion. MBLand Holdings has 18 shareholders, including 12 organisations and six individuals. The main shareholder of MBLand Holdings is MB Bank with the ownership ratio of over 65 per cent, or nearly 42.7 million shares. In early … [Read more...] about BUSINESS NEWS IN BRIEF 13/10
Social News 16/1
Fire destroys thousand sq. meter wood factory in Dong NaiA huge fire suddenly occurred at a wood factory of Shing Mark Company in Bai Xep Industrial Park, Trang Bom district, Dong Nai at midnight on January 15. Because materials inside the wood factory are easily ignited, the flame quickly spread out causing the firefighters to meet difficulties in order to access the site and localize the fire. By 5am today, the blaze was extinguished.The initial information showed that there was no death in the fire; however, the flame destroyed thousand sq. meter factory and burnt wood materials inside the factory. At present, the functional agencies have investigated the cause of the fire. HCM City ensures traffic safety for TetThe Ho Chi Minh City Traffic Safety Committee has deployed various measures to ensure traffic safety and order in the city before and during the Tet (Lunar New Year) holiday.Nguyen Ngoc Tuong, deputy chief of the committee, said, “The campaign aims to … [Read more...] about Social News 16/1