Latest Articles by Ishita Agarwal

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Hon Hai technology unveils two new electric vehicles

The newly unveiled models, designed to cater to diverse consumer preferences, are expected to enhance Hon Hai’s portfolio in the automotive sector. With a focus on advanced technology and user-friendly features, the vehicles aim to provide a seamless driving experience while prioritizing environmental sustainability. The company emphasized its commitment to integrating cutting-edge technology, such as smart connectivity and efficient battery systems, to meet the expectations of modern consumers.

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TSMC drives Taiwan stocks upward, closing 165 points higher

The rise in TSMC’s stock was a key factor in the overall market performance, reflecting renewed investor confidence in the technology sector. As one of the largest semiconductor manufacturers globally, TSMC plays a crucial role in the Taiwanese economy, and its stock movements often have a ripple effect across the market. Analysts noted that the company's robust earnings reports and optimistic forecasts contributed to the positive momentum, attracting both local and foreign investors.

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FBM KLCI closes higher as ringgit weakens

Market analysts noted that the upward trend in the FBM KLCI was driven by renewed investor confidence, particularly as several major corporations reported better-than-expected earnings for the quarter. The financial sector, in particular, saw significant buying interest, with several banks posting strong results that encouraged further investments.

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Malaysian manufacturing sector shows weakness in Q3

S&P Global’s report indicates that the manufacturing Purchasing Managers' Index (PMI) remained below the neutral mark of 50, suggesting that the sector is contracting. Specifically, the index recorded a reading of 48.5, a slight decline from the previous quarter. This decline reflects persistent issues such as weakened consumer demand, both domestically and internationally, and disruptions in supply chains that have hampered production capabilities.

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Vietnam’s Prime Minister outlines vision for Vietnam’s financial centres

The Prime Minister underscored that the financial centres are designed to mobilize resources for the growth of Ho Chi Minh City and Da Nang, as well as for the country as a whole. To achieve this, he urged relevant ministries and local governments to focus on essential factors such as infrastructure, human resources, and the overall financial ecosystem.

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Vietnam launches first integrated petrochemical complex

The complex, strategically located, aims to produce a wide range of petrochemical products, including polyethylene, polypropylene, and other essential chemicals used in various industries. By leveraging advanced technology and efficient production processes, the facility is set to meet both domestic demand and export requirements, significantly bolstering Vietnam's position in the global petrochemical market.

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IMF projects Vietnam’s economic growth at 6.1% for 2024

The IMF's report highlights several key factors contributing to this growth. Vietnam's competitive labor costs, strategic geographic location, and commitment to reforming its economic policies make it an attractive destination for international businesses. The country has successfully positioned itself as a manufacturing hub, particularly in electronics and textiles, benefiting from shifting supply chains as companies seek alternatives to China.

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Trade offices essential in safeguarding Vietnamese exports

In recent years, Vietnam has emerged as a significant player in global trade, benefiting from competitive labor and production costs. However, the number of trade defense cases against Vietnamese exports has surged, with 39 cases recorded in 2020 alone, compared to only 50 cases from 2001 to 2011. Since 2001, a total of 257 cases have been documented, including 141 anti-dumping investigations, 37 anti-circumvention cases, and 27 anti-subsidy investigations.

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Vietnam’s Pangasius fish maws find favor in China

The rising popularity of value-added pangasius products, such as dried fish maws and fish skin snacks, is a response to growing demand from consumers. Currently, 12 Vietnamese companies supply these products to the Chinese market, where fish maw is not only regarded as a delicacy but also as a symbol of prosperity and success. VASEP notes that the product is often gifted during important events in China.

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Vietnam’s innovation day: a catalyst for economic growth

Vietnam's innovation landscape has expanded impressively, with around 4,000 start-ups, 208 investment funds, and numerous incubators and creative centers. The country ranks 56th globally in the start-up ecosystem and 44th in the Global Innovation Index for 2024. These achievements reflect a growing recognition of innovation’s impact on national development.

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