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Fuel price cuts have no impact
October 16, 2014
– HA NOI — The prices of consumer goods and services remained the same in spite of the sharp cut in petrol and oil prices this year.
This week, and for the seventh time this year, the prices of petroleum and oil products were reduced, with petrol falling to VND22,890 per litre, a 10.7-per cent decrease compared with that in July.
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Regional Trade Agreements Cannot Substitute the Multilateral System
October 15, 2014
– GENEVA – Regional trade agreements have grown very rapidly in recent years, and on October 15, 2014, the World Trade Organisation (WTO) has been notified that 253 are in force.
Clearly RTAs are not a new phenomenon.
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Thai firms spot opportunities in Viet Nam
October 14, 2014
– HCM CITY — The recent increase in investment flows from Thai enterprises has shown that Viet Nam is vital for Thailand’s economy, especially after the ASEAN Economic Community comes into effect in 2015.
Recent information from the Thailand Board of Investment shows that the country’s outward investment in ASEAN-member countries has undergone an upward trend since 2007, with last year’s investment at US$4.5 billion, equal to Thailand’s investment in the EU.
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Online shopping trends makes offline retailers cry foul of unfair competition
October 13, 2014
– As online shopping trend sweeps digital India, offline retailers are a worried lot, with sales of electronic goods, consumer durables and utility products declining across cities and towns even during the peak festival season.
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French Economist Jean Tirole Wins Nobel Prize For Economics
October 13, 2014
– STOCKHOLM – French economist Jean Tirole won the Nobel prize for economics on October 13, 2014 for research on market power and regulation.
The Royal Swedish Academy of Sciences cited Tirole for clarifying “how to understand and regulate industries with a few powerful firms.”
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Trade engine shifts down just as global growth needs a boost
October 12, 2014
– Policymakers scrambling to keep the world economy from settling into the “new mediocre” of sluggish growth can no longer rely on global trade to do the heavy lifting.
International trade helped the global economy tide over rough spots over two decades before the financial crisis, when it grew nearly twice as fast as economic output, but this engine is running out of fuel.
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European bank mergers still face hurdles post-stress tests
October 12, 2014
– PARIS – Health checks on Europe’s banks may reveal takeover targets, but because protectionist regulation across the region has yet to be addressed, any post-”stress test” tie-ups are likely to be along national lines and could make a splintered industry more so.
The European Central Bank takes direct authority over the currency area’s 120 top banks on Nov. 4 after publishing the results of its review of their balance sheets on Oct. 26.
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Eyeing opportunities in Asean integration
October 10, 2014
– SINGAPORE – Companies regard Indonesia, Myanmar and Vietnam as the best prospects for expansion once ASEAN’s economic integration takes effect next year (2015), according to a new report.
These three nations have long been regarded as the most difficult markets to penetrate but firms hope the ASEAN Economic Community will open new opportunities.
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HANOI RESOURCE CENTRE
Consumer sovereignty in the framework of social justice, economic equality and environmental balance, within and across borders