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Retail Asia06/11/2018

China’s economy appears to be slowing faster than expected at the start of the fourth quarter, a bad omen for growth early next year when the full force of the trade war with the United States comes to bear. This situation is likely to spur Beijing to introduce new measures to support growth, analysts said. The […]

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Retail Asia05/11/2018

Vietnam’s garment exports are set to rise by 14.8 percent this year to $35 billion, an industry official said on Friday. The expected growth is attributed to the fact that U.S. retailers diversify their product sourcing to keep costs under control amid an escalating trade dispute with China. The U.S. has already imposed tariffs on […]

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Retail Asia31/10/2018

The Vietnam-EU trade pact can diversify export markets and help reduce reliance on China and the U.S., experts say. On October 17, the European Commission submitted the EVFTA for signature and conclusion to the European Council. Once authorized by the Council, the agreement will be signed and presented by the end of this year to […]

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Retail Asia30/10/2018

Parliament members say the ongoing US-China trade war has had visible impacts, and Vietnam needs to reduce dependence on both nations. At the ongoing National Assembly session, several National Assembly deputies Saturday stressed the need for Vietnam to make policy changes and diversify markets. Ha Sy Dong, a deputy from Quang Tri Province, said that […]

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Retail Asia26/10/2018

Vietnamese footwear exporters seem to be benefiting from the ongoing trade war between the U.S. and China. According to customs statistics, Vietnam’s footwear exports in the first nine months of this year were worth $11.74 billion, a 10.2 percent year-on-year increase. Its exports to China in the period have risen by 28.5 percent, to Japan […]

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Retail Asia22/10/2018

If US-China trade tensions drag on, Vietnam will still see good growth but face strong exchange rate pressures exerted by two major currencies. After GDP growth reached 6.98 percent in the first 9 months of 2018, the highest in the past 8 years, it is relatively clear that the Government will reach its 6.7 percent […]

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Retail Asia04/10/2018

Low-tech, polluting FDI firms will try to set up shop in Vietnam as the U.S.-China trade war escalates, experts have warned. Nguyen Bich Lam, head of the General Statistics Office, said that small-scale Chinese firms are likely to eye a shift to Vietnam to avoid high tariffs imposed by the U.S. Such firms typically use […]

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Retail Asia27/09/2018

Vietnam’s economy is likely to expand by 6.9 percent instead of the 7.1 percent predicted in April. In its Asian Development Outlook (ADO) 2018 report issued Wednesday, the Asian Development Bank (ADB) also estimates Vietnam’s GDP for 2019 at 6.8 percent. Explaining the downward revision, the bank said that the year’s second half is likely see a […]

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Retail Asia27/09/2018

Developing Asia could grow more slowly than previously thought next year as the US-China trade war inflicts damage on the region’s export-reliant economies, the Asian Development Bank (ADB) said. Tightening global liquidity could also weigh on business activity by pushing up borrowing costs, while capital outflows are also a risk. The Manila-based institution kept its […]

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Retail Asia25/09/2018

Vietnam could suffer collateral damage if Chinese businesses use made-in-Vietnam labels to avoid U.S. tariffs, experts warn. Economist Vu Dinh Anh said it is “highly possible” that Chinese businesses would seek to export their goods through Vietnam to the U.S. amid the trade war between the world’s two largest economies. One way they can do […]

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Retail Asia19/09/2018

As US is imposing new tariffs on US$200 billion (RM828 billion) worth of Chinese goods, local exporters are expected to see some increase in orders from the affected players in the two big economies over the next few months. It is understood that the US tariffs will take effect on almost 6,000 goods from Sept […]

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Retail Asia18/09/2018

Unlike most other ASEAN countries, who have been buffeted by the China-U.S. trade war, Vietnam could actually benefit from it. The threat of an escalating global trade conflict is weighing on prospects for export-dependent economies like Singapore and Malaysia, while Indonesia and the Philippines face challenges funding their high levels of external debt as their […]

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Retail Asia13/09/2018

ASEAN has been urged to find ways for its member states to join hands together to cushion any possible fallout from the trade war between the United States and China. Against the backdrop of an escalating trade war between the US and China, Deputy Minister of International Trade and Industry Dr Ong Kian Ming is […]

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Retail Asia12/09/2018

The burgeoning US-China trade tensions will calm down sooner or later, despite the additional tariffs counterattack between the world’s two largest economies, according to the US leading strategic consultant David Morey. “I think the trade war is going to calm down, but as to when it will happen, it is hard to tell as our […]

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Retail Asia11/09/2018

With US President Donald Trump gearing up to impose tariffs on US$200 billion (RM828 billion) on Chinese goods and Beijing certain to retaliate against any measures, the world’s two biggest economies are locked in an escalating trade war, with no resolution in sight. The United States is negotiating with Canada this week to try and […]

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Retail Asia07/09/2018

Against the backdrop of an escalating trade war between the US and China, Deputy Minister of International Trade and Industry Dr Ong Kian Ming is advocating greater cooperation between Asean countries to package the region to foreign investors instead of focusing on country specific promotion. “Is there a possibility whereby countries in Asean can work […]

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Retail Asia24/08/2018

The United States and China escalated their acrimonious trade war today, implementing punitive 25% tariffs on US$16 billion (RM65.6 billion) worth of each other’s goods, even as mid-level officials from both sides resumed talks in Washington. The world’s two largest economies have now slapped tit-for-tat tariffs on a combined US$100 billion of products since early […]

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Retail Asia24/08/2018

The United States on Wednesday levied 25 percent tariffs on $16 billion worth of Chinese imports. China immediately retaliated by putting the same level of tariffs on $16 billion of American goods. Since July 6, each country levied 25 percent tariffs on $34 billion worth of goods, bringing the total of exports slapped with new […]

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Retail Asia16/08/2018

Malaysia’s gross domestic product (GDP) could contract by 1.3% in two years should the trade war between the United States and China intensify. CIMB Group chief economist Dr Donald Hanna said Malaysia’s economic growth could shrink in the event of continuous escalation in tariff imposition and a confidence shock in the financial market, which could […]

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Retail Asia15/08/2018

Vietnam will be the most vulnerable country in Southeast Asia should the U.S.-China trade war persist, according to recent research. This is because Vietnam is the most export-dependent of the ASEAN big five, which also includes Indonesia, Malaysia, the Philippines, and Thailand, quoted from Financial Times Confidential Research report. Vietnam’s exports were worth $214 billion last […]

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