According to Minister Tran Tuan Anh of the Ministry of Industry and Trade, last year, export turnover of Vietnam to the EU reached US$41.48 billion and imports from the EU touched $14.91 billion. Therefore, the agreement will help the country to promote export, diversify markets, and gain higher value-added via setting up new value chains. Amid the context that the political situation and the global and regional security have been changing rapidly and happening complicatedly, the EVFTA will help Vietnam to improve its internal capacity to cope with difficulties, at the same time, strengthen its position to implement its independent, autonomous foreign policy, multilateralization, diversification, along with fortifying and intensifying national defense and security. The EVFTA is an opportunity for Vietnam to increase market share in the European market and the condition for the country to improve competitiveness. Accordingly, 85 percent of tax lines of Vietnam will be reduced to zero … [Read more...] about Vietnamese products to no longer rely on one market
Increase market share
Three of the Big Four global accounting firms may have moved to ban consulting for their audit clients in the UK in order to address conflict-of-interest concerns, but the historic move may not help revive the flagging fortunes of the larger audit markets plagued by poor quality and lack of competition, experts say.Last month, PwC and EY decided against offering advisory or consulting services near future to their audit customers in the UK following a similar move by KPMG announced last November. The largest among them, Deloitte, is also said to be watching this step closely even as it awaits more clarity from the UK regulators.These announcements come on the backdrop of tremendous pressure on the auditing giants from British lawmakers for having failed to flag off recent accounting misdemeanours including the one at the government construction contractor Carillion in January 2018.The British government has upped the ante against the Big Four and conducted independent reviews last year … [Read more...] about Would the historic consulting ban help revive the fortunes of audit markets?
Many believe that pharma could be a good contrary bet now with Auro Pharma spiking up this morning. DRL has been a favourite. Would you subscribe to any of these pharma names? The sector has been through a lot of pain over the last four years especially on the back of significant challenges that we have had in the US generic space. Clearly, the sector earnings are troughing out, meaning there are select opportunities in the sector. But some of these companies which have made significant investments in their business over the last three or four years probably should be beneficiaries as growth recovers from here on in this sector. So, we like select names in the healthcare sector. What are you making of the rebound in the market? Broadly, the markets are in a range. There was some bit of disappointment post the budget and if you recollect we had a sharp fall on budget day. After that markets had some bounce and since then they are trading in a range. Clearly, markets are looking for … [Read more...] about IRCTC a high-growth play on internet & privatisation: Pankaj Murarka
Analysts attribute Airtel stock’s outperformance to investors betting on the probable duopoly and consequent consolidation by the company in the Indian telecom space. Vodafone Idea is struggling to foot the large AGR bills while Airtel has managed to pull through thanks to its investors and expanded m-cap. … [Read more...] about Airtel most valuable co in Asia’s emerging market after China Mobile
Construction and infrastructure company ACS had the day's worst results as it suffered a 4.37 percent reduction. Media company Mediaset fell by 0.67 percent and mobile telephone operator Masmovil Ibercom went down by 0.33 percent. Enditem … [Read more...] about Spanish shares up 0.78 pct Wednesday