Tag: trade

Retail Asia22/08/2023
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2min0
Vietnam’s benchmark VN-Index rose 0.15% to 1,179.76 points Monday. The index closed 1.77 points higher after losing 55.49 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 38.49% to VND22.17 trillion ($930.73 million). CTG of state-owned lender VietinBank led with a 4.2% rise, followed by BID of state-owned lender BIDV, […]

Retail Asia16/12/2022
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1min0
Vietnam’s foreign trade is set to exceed US$700 billion this year, the highest ever, the customs department said. It has risen steadily from $500 billion in 2020 and $600 billion last year. In the first 11 months exports rose bviy 13.4% from a year earlier to $342.2 billion, and imports were up 10% to $331.6 […]

Retail Asia01/12/2022
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1min0
The trade surplus was US$0.78 billion in November, which took the year’s figure to $10.6 billion, the General Statistics Office said Tuesday. The surplus in the same period last year was $0.6 billion. But exports fell in November by 8.4% to $29.18 billion, which took the full-year figure to $342.21 billion. The U.S. has been […]

Retail Asia28/11/2022
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1min0
Prices of gold bars branded SJC on Monday dropped 0.4% from the weekend to VND67.35 million ($2,716.82) per tael. Selling prices of gold rings remained unchanged, reaching VND54.05 million per tael. A tael is equal to 37.5 grams or 1.2 ounces. Globally, gold prices slipped on Monday, as a stronger U.S. dollar made the greenback-priced […]

Retail Asia18/11/2021
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3min0
Vietnam–U.S. trade could reach $100 billion for the first time this year, up 221 times against the figure in 1995 when the two countries first established diplomatic relations. In the first eight months, the figure hit $73 billion. Last year, it was $90.8 billion, Hoang Quang Phong, deputy chairman of the Vietnam Chamber of Commerce […]

Retail Asia06/07/2021
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2min0
After stoking a series of controversies, including a fire at a logistics centre and poor working conditions, South Korean e-commerce giant Coupang is now facing a government investigation into alleged unfair trading practices. The Korea Fair Trade Commission (KFTC) recently noted that Coupang might have violated the Fair Trade Law and carried out a field investigation […]

Retail Asia16/03/2021
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1min0
Vietnam posted a $665 million trade surplus with the United Arab Emirates (UAE) in the first two months of 2021, alongside an increase in both exports and imports. Vietnam’s exports to the UAE rose 60 percent year-on-year $737 million, while imports increased 44 percent to $72 million, according to the General Department of Vietnam Customs. […]

Retail Asia11/05/2020
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4min0
In addition to the current economic issues caused by COVID-19, there are other significant events in 2020, such as the U.S. presidential election and the United States-Mexico-Canada Agreement (USMCA) implementation, which could directly affect international trade. To collect deeper insights into how businesses are being impacted by COVID-19 and capture their perspectives on international trade […]

Retail Asia26/03/2020
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1min0
Developed by the bank’s Digital Asset Management department, the application is the first third-party app from a China-based financial institution on the Eikon platform. Bank of China is launching DeepFX, an AI-based forex trading prediction application through Refinitiv’s financial data platform Eikon, the firm announced in a statement on Tuesday. The app uses deep learning technology to predict the short-term price […]

Retail Asia21/01/2020
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2min0
Standard Chartered hires a global head of trade in Singapore as its transaction banking business undergoes a tech-fueled transformation. Michael Spiegel joins in his new role reporting to Lisa Robins, global head of transaction banking at Standard Chartered. Spiegel has over 30 years of experience in Europe, the U.S. and Asia and was most recently with Deutsche […]

Retail Asia22/08/2019
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5min0
The China-US trade war and unseasonably warm winter have been blamed for Giordano sales falling 11 percent in the first half of the year. Profit for the Hong Kong-headquartered apparel retailer was impacted even more, dropping 36.6 percent to HK$161 million (US$20.5 million) on revenue of $2.542 billion ($324 million). By market, sales in Mainland […]

Retail Asia06/06/2019
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3min0
Alibaba executive chairman Joe Tsai told analysts the company’s position as “China’s number-one platform for overseas brands” puts it on the right side of the trade war between the US and China. While discussing the group’s recent full-year results, which saw Alibaba grow revenue 51 per cent during the year to March 31, 2019, to […]

Retail Asia01/05/2019
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3min0
Two trade-show fraudsters have received jail sentences after Customs caught them selling fake goods at the Hong Kong Convention & Exhibition Centre. A person in charge of an exhibition booth and a salesperson were sentenced to three months’ imprisonment and three months’ imprisonment suspended for 12 months respectively on March 15 and April 12 at […]

Retail Asia27/03/2019
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7min0
Li & Fung Limited, the world’s leading supply chain solutions partner for brands and retailers, today announced its annual results for the year ended 31 December 2018. For the year under review, the Company was affected by the rapidly changing retail landscape, with record store closures and customer bankruptcies. Owing to the Company’s investments in […]

Retail Asia19/03/2019
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3min1
TradeGecko, a leading technology company that provides cloud-based inventory and order management solutions for small and medium-sized businesses (SMBs), today launched its Founder Plan, expanding access to its powerful technology platform to early-stage commerce businesses.  The plan enables founders to integrate TradeGecko’s leading inventory and order management solution from the get-go, so that they can build their […]


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