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Vietnam expands incentives for innovation, research

October 28, 2021

HANOI - Vietnam's Prime Minister, Pham Minh Chinh, has signed off amendments to the Investment Law which provide Special Investment Incentives for a number of new and expanded projects. These include innovation centres and research and development (R&D) centres with total investment capital of VND 3,000 billion (US$130 billion)1 or more, of which at least VND 1,000 billion (US$43 billion) is disbursed within three years from the date of the investment registration certificate (IRC) or approval of investment policy.

South Korea slows as pent-up demand exhausts

October 25, 2021

SEOUL -- South Korea's recovery slowed in the third quarter after an impressive surge in Q2. Sequentially, headline GDP growth came in at 0.3% q/q,translating into an annual rise of 4%. In a briefing note, ANZ Bank says the slowdown arose mainly from a quarterly dip in private consumption and investment. Exports, meanwhile, strengthened, allaying some concerns over supply side shortages in key industries such as electronics and autos.

China navigating a corporate debt trap: S&P

October 20, 2021

MELBOURNE -- S&P Global Ratings believes the troubles of Evergrande hint at credit strains simmering among Chinese corporates, and a strong resolve by the Government to tackle this issue. S&P says a survey involving 25,000-plus global entities reveals that the leverage levels of China's corporate sector are significantly above the global average. "It is a US$27 trillion problem that is increasingly getting the attention of Beijing," says S&P.

China, major banks financing new coal power projects in Africa, Asia, says report

September 16, 2021

VIENNA -- New research published by Sustainable Energy for All (SEforALL) and Climate Policy Initiative (CPI) says  pockets of funders continue to finance additional coal-fired generation capacity in South Asia and Sub-Saharan Africa. It says Chinese state-owned institutions and the world's largest banks continue to finance coal power in countries with greatest needs for electricity access, with US$42 billion committed to grid-connected coal power plants between 2013-2019 in 18 countries studied.

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