U.S. blacklists dozens of Chinese firms including SMIC, DJI
WASHINGTON (Reuters) -The United States added dozens of Chinese companies, including the country’s top chipmaker SMIC and Chinese drone manufacturer SZ DJI Technology Co Ltd, to a trade blacklist on Friday as U.S. President Donald Trump’s administration ratchets up tensions with China in his final weeks in office. Reuters first reported the addition of SMIC […]
Interest rates are expected to decrease in early 2021
2021 is an unpredictable year. However, the interest rates are expected to decrease in the beginning months of 2021. Decreased interest rates In the last month of 2020, many commercial banks have continued to lower interest rates for both deposits and loans. This is a positive signal, creating favorable conditions for economic recovery after the […]
What is a China Company Operating Period?
The China company operating period is usually represented by two dates, which are specified on a Chinese business license. It is the span between the date of incorporation – the first of these dates – and the expiry date of the company’s registration – the second. In some cases, a China company operating period may be open-ended, meaning no specific […]
Vietnam’s retail industry to rebound in 2021
Vietnam’s retail industry is expected to rebound in 2021 thanks to the recovery of consumer confidence and the dissemination of Covid-19 vaccines. Major growth driver Thanks to the rapid emergence and explosive growth of the middle class and increasing income, domestic consumption has become the main growth driver for the retail industry in Vietnam. This […]
The banking industry prepares for year-end payment
To ensure safe and smooth payment operations during the year-end payment period and Lunar New Year 2021, the State Bank of Vietnam (SBV) has required banks, foreign bank branches, intermediary payment service providers, and SBV affiliates to strictly comply with the provisions of law and guidelines of SBV. Due to customers’ surging demands for transactions […]