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Tag Archives: growth

China’s Addiction to Debt Now Threatens Its Growth

SHANGHAI — China has gone on a spending spree, borrowing money to build cities, create manufacturing giants and nurture financial markets — money that has helped drive the economic powerhouse in recent years. But the debt-fueled binge now threatens to sap growth in the world’s second largest economy. With its ...

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Facebook Defies Social Media Gravity With User and Profit Growth

By MIKE ISAAC November 2, 2016 SAN FRANCISCO — To paraphrase Isaac Newton’s third law of motion, what goes up must, inevitably, come down. Now try telling that to Facebook. The social network on Wednesday reached the latest milestones in its quest to dominate the world, topping 1.79 billion monthly visitors as ...

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Vinamilk seeks to buy second U.S. dairy company in growth push

Vietnam Dairy Products JSC, Southeast Asia’s biggest milk producer by market value, is in talks to buy another U.S. company as it accelerates acquisitions to expand globally and drive revenue. The company, known as Vinamilk, expects the deal to close as early as next year, Chief Executive Officer Mai Kieu ...

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Robust growth for consumer goods in Vietnam: report

Sales of fast moving consumer goods (FMCG) such as soft drinks, toiletries and food in Vietnam’s main cities grew 6.3 percent in the second quarter of this year, the highest rate in the past three years, according to a report released Wednesday by Nielsen. This growth in Hanoi, Ho Chi ...

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World Bank cuts Vietnam growth forecast to 6 percent

The World Bank has lowered its forecast for Vietnam’s economic growth in 2016 to 6 percent, down from its previous projection of 6.2 percent in April. In a statement released on Tuesday, Achim Fock, the World Bank’s acting country director in Vietnam, said despite softer growth this year, the country’s ...

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