Rapidly rising wages may be a headache for manufacturers and the communist leadership in China, but they are good news for people like Ngo Truong Chinh in Vietnam, the FT reports.
Duri, Cabinda and Su Tu Den. The names are far more exotic, and less known, than Brent, the oil benchmark closely watched by investors around the world. But these crude streams are at the center of a supply-demand struggle that is propelling oil prices higher. The FT reports.
Dung Quat oil refinery, Vietnam's sole such facility, is seeking to sell a 49 percent stake to foreign investors to raise funds to expand capacity, an official at the plant's operator said on Tuesday.
Wednesday, 7 Mar 2012 | Posted By:
| Source: CNBC.com
Emerging markets in Asia will maintain a bias towards easing monetary policy as economic growth concerns trump inflation worries, economists said Thursday following Latin American peer Brazil’s larger-than-expected cut in interest rates.
A U.S. trade bill targeting Chinese imports goes against international rules and Beijing will not adjust the value of its currency to try to bridge a trade deficit that is Washington's problem to fix, China's commerce minister said on Wednesday.
The U.S. Senate on Monday voted unanimously to preserve Washington's ability to slap duties on subsidized goods from China and Vietnam, after a recent U.S. court ruling struck down that practice.
Friday, 17 Feb 2012 | Posted By:
| Source: CNBC.com
Vietnam's stock market, which tumbled nearly 30 percent last year because of surging inflation and a declining currency, is the most undervalued market in Southeast Asia, David Roes, the CEO of Asean Investment Management, told CNBC on Friday.
Worries over the European debt crisis, a slow recovery in the U.S. and fears over a "hard landing" for China’s economy have left global investors searching for new markets to put their money in. What are the countries with the best prospects for growth?
The number of wildcat strikes in Vietnam doubled last year as workers suffering from Asia’s highest inflation rate struggled to obtain better wages. The Financial Times reports.
The U.S. Commerce Department said on Thursday it was launching an investigation that could lead to steep import duties on more than $100 million worth of wind energy towers from China and Vietnam.
Vietnam's once-frenzied property market has ground to a halt, leaving local developers limping and international investors salivating at the chance of snapping up distressed deals.
Asia's growth looks set to stumble over the next few months, prompting a flurry of rate cuts and a spike in stimulus spending that may pave the way for a recovery in the second half of 2012.
Emerging East Asia's economic momentum remains robust, but the region faces greater risks than just three months ago as Europe's debt problems and a fragile U.S. economy could worsen into another global crisis, the Asian Development Bank said.
The number of property transactions in China’s largest cities has fallen to dangerously low levels, according to regulatory documents obtained by the Financial Times, and this could have a significant ripple effect. The FT reports.
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