Chinese products, with no labels or origin, are selling well at the wholesale markets in HCMC, while the current fight against low-quality goods imported from China is being lost. Importers said cheap Chinese goods with good designs were well consumed in Vietnam and generated enough profits for them to survive the current tough times. Many items that can be produced at home are imported because of... 

Since the end of May, on average 300 tonnes of litchi were transported every day to the Chinese market through the Lao Cai international border gate. Between 2,000-5,000 tonnes of fresh litchi will be delivered to Chinese dealers each day in the next two weeks when the harvest season is at its peak. Litchis are mainly grown in Bac Giang and Hai Duong provinces, less than 70km from capital Hanoi. At... 

Major carmakers gathered in Beijing on Monday for China’s leading auto show, seeking an edge in the world’s largest automobile market after a sharp slowdown in growth. The Auto China 2012 exhibition will run until May 2 and see the worldwide launch of 120 new models, 36 of them from international brands, according to organisers. The exhibition will also showcase dozens of concept cars... 

VNG, an Internet company based in HCMC, has said it will focus on boosting online game exports to China and Japan this year as a strong rise in online game users in the two countries is forecast. VNG has recently shipped a game called “cloud garden” to China. The company has become one of the most successful foreign online games providers in China on the popular social network Qzone since the... 

HSBC will slash more than 10,000 jobs as part of the global banking giant’s recently announced cost-cutting drive, a report said. Broadcaster Sky News said senior executives at the bank “are close to finalising costs cuts that will result in thousands of jobs being axed across the bank’s sprawling global empire.” The report on Wednesday said London-headquartered HSBC may chop... 

Vietnam’s first-half trade with Asia, especially Southeast Asian countries and China, expanded a staggering 33% year-on-year to US$61.7 billion but had a whopping trade deficit with Asia. Vietnam Customs figures released on Wednesday show Vietnam’s shipments to Asian countries amounted to US$29.1 billion, up 40% from a year ago while its imports from those markets grew 30% to US$39.8 billion.... 

New loans issued by Chinese banks fell sharply in May from the previous month, the central bank said Monday, in a sign Beijing’s efforts to stem a flood of credit in the economy are bearing fruit. The country’s banks handed out 551.6 billion yuan ($85.14 billion) in loans in May compared with 739.6 billion yuan in April — and 100.5 billion yuan less than a year earlier, the People’s... 

US soft-drinks giant Coca-Cola is considering listing on the Shanghai stock exchange as China’s main bourse moves toward launching an international board, a report said Wednesday. The Hong Kong Economic Journal quoted a company spokesman as saying it is “interested in exploring the opportunity of listing our stock on the Shanghai exchange.” “We continue to have positive discussions... 

Chinese manufacturing eased to a 10-month low in May, preliminary HSBC data showed Monday, fuelling fears of a slowdown in the world’s number two economy and sending Shanghai and Hong Kong shares down. The HSBC China Purchasing Managers Index (PMI) slipped to 51.1 last month — the lowest since July 2010 — from a final reading of 51.8 in April, the bank said in a statement. A reading... 

French banking giant BNP Paribas is planning to list its shares on the Hong Kong stock exchange, a report said Monday, in a bid that is likely to boost its profile in Asia, especially China. The lender has submitted an application to the southern Chinese city’s bourse, with a listing planned as early as July, the Chinese-language Ming Pao Daily News reported, quoting an unnamed source. A BNP...