Asia Top News and Analysis Vietnam

  • July 25- Consumer goods giant Unilever Plc reported slightly weaker-than-expected quarterly underlying sales growth on Thursday, hit by wet weather in Europe and North America, and moderating growth in India. Jope, who took over in January, has been pushing deeper into markets such as Vietnam and Bangladesh as an emerging middle class rapidly consumes the...

  • MANILA, July 24- Jollibee Foods Corp, Philippines' largest food service network operator, is buying U.S. brand Coffee Bean& Tea Leaf for $100 million as part of an expansion outside its home market. Jollibee, which has a market value of nearly $5.5 billion, is buying loss-making CBTL from private equity firm Advent International and other investors including the...

  • Chinese employees working on an energy-saving bulb production line in Suining, Sichuan province, China.

    Several Chinese bankers have told Reuters they have little appetite to lend to smaller companies due to the uncertain economic outlook, the U.S.-China trade war and a years-long drive to purge risks from the financial system.

  • *U.S.- China trade war hits business confidence. Despite prodding from Beijing, several bankers have told Reuters they have little appetite to lend to smaller companies due to the uncertain economic outlook, the U.S.- China trade war and a years-long drive to purge risks from the financial system. In the southern city of Dongguan in Guangdong province, one of...

  • An employee walks through the production facility of BASF-YPC Company in Nanjing, Jiangsu Province, China.

    Beijing says it can still meet its 2019 growth target of between 6% and 6.5% and continues to roll out stimulus measures to prop up activity. China set a 2019 industrial output growth target of 5.5%-6.0%.

  • *Pork shortfall in China could exceed current world trade. *EU has been the largest supplier of pork to China. WALCOTT, Iowa/ LONDON, July 23- It might seem an unlikely time for U.S. farmers to look to China for more business but the devastating impact of African swine fever on the Chinese pork industry is trumping concerns about trade wars and tariffs.

  • Larry Fink, chief executive officer of BlackRock Inc., speaks during a Bloomberg Television interview in New York, U.S., on Wednesday, April 19, 2017.

    Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.

  • NEW YORK/ LONDON, July 18- Raw sugar futures on ICE fell on Thursday to their lowest levels in eight weeks, pressured by signals of weak Asian demand and the prospect of Indian exports, while New York cocoa prices inched higher. *October raw sugar settled down 0.24 cent, or 2%, at 11.55 cents per lb, after hitting a May 23 low of 11.53 cents. *October white sugar settled up...

  • A picture of Jakarta, Indonesia, taken from a helicopter.

    Andrew Gillan of Janus Henderson Investors says he likes markets in the Philippines and Indonesia, and explains why it's difficult to invest in Vietnam despite its attractiveness.

  • Three industry sources told Reuters on Tuesday that the United States and Japan were working on a small trade deal involving agriculture and autos that could be agreed by President Donald Trump and Prime Minister Shinzo Abe when they meet in New York in September. Asked about progress in the bilateral trade talks, Koji Tomita, Japan's sherpa to the Group of 20...

  • CHICAGO, July 17- Chicago Mercantile Exchange lean hog futures soared by the daily limit and approached a one-month high on Wednesday on renewed hopes that China will increase pork imports to compensate for pigs killed in a widespread outbreak of a fatal swine disease. However, a recent increase in Chinese pork prices is raising expectations that China may now...

  • HANOI, July 17- When Nguyen Thi Thu Huyen started work at the No. 40 Garment Factory, it was still producing boots and uniforms for the Vietnamese army, just as it had done during the Southeast Asian country's long war with the United States. Vietnam had already begun its "doi moi" process of reform at the time, but it was still under a U.S. trade embargo that would not be...

  • WASHINGTON, July 16- The United States and Japan are working on a quid pro quo deal involving agriculture and autos that could be agreed by President Donald Trump and Japanese Prime Minister Shinzo Abe when they meet in New York in September, three industry sources familiar with the discussions said on Tuesday. An auto industry official said the deal could...

  • WASHINGTON, July 16- The International Monetary Fund on Tuesday said Vietnam's economic growth was expected to slow to 6.5% in full-year 2019 from a 10- year high of 7.1% in 2018, reflecting weak external conditions. Vietnam's gross domestic product was expected to expand by 6.5% again in 2020 and over the medium term, the IMF said in a report on the country's...

  • US Secretary of State Mike Pompeo on May 31, 2018 in New York City.

    "I hope the North Koreans will come to the table with ideas that they didn't have the first time. We hope we can we be a little more creative too," says U.S. Secretary of State Mike Pompeo.

  • NEW YORK/ LONDON, July 12- Arabica coffee futures on ICE eased on Friday, with the outlook for Brazil's 2020 crop remaining favorable despite last weekend's frost, while August white sugar tumbled to an 11- month low ahead of the contract's expiry next week. *Much of the week's losses occurred on Monday, when prices fell sharply as early assessments of a weekend...

  • BOGOTA, July 12- Colombia, the world's top supplier of washed arabica, is creating a special fund to subsidize coffee farmers when production costs fall below international prices. The global price crisis has pushed large numbers of them out of business, with potentially wide-ranging implications in Colombia, where coffee is the chief alternative crop to coca,...

  • Tony Nash of Complete Intelligence says the passing of the USMCA will help Mexico in a "big way" and he will be "looking hard" for opportunities in the country.

  • Sony PlayStation and Nintendo Switch game console signage is displayed during the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Wednesday, June 14, 2017.

    Japan's Nintendo plans to shift a part of the production of its Switch gaming consoles to Vietnam from China in an effort to diversify manufacturing sites, a spokeswoman said on Tuesday.

  • LONDON, July 4- Vietnam is looking at relaxing restrictions on currency hedging tools and could start on a gradual path of changes in two to three years time, a top official said on Thursday. "We have been discussing with the central bank how to create a hedging instrument," Nguyen Duc Chi, the Chairman of Vietnam's State Capital Investment Corporation, which is akin...