Around Asia: Apr. 28

Posted by Reading Time: 2 minutes

around-asia

Apr. 28 – A weekly look at China and related influential regional news.

Vietnam Taking Precautionary Measures Against Swine Flu
At the recommendation of health experts, Vietnam has established precautionary measures to protect itself from the spreading H1N1 strain of swine flu virus currently affecting people in Mexico and the Unites States. (Vietnam Briefing)

CNPC and Kazmunaigas Jointly Purchase Kazakhstan’s MMG
China National Petroleum Corporation (CNPC) and Kazakhstan’s state oil company Kazmunaigas have agreed to jointly purchase Kazakh oil company JSC Mangistaumunaigas (MMG) for US$3.3 billion. This news comes following a US$5 billion loan-for-oil agreement between Chinese and Kazakh officials earlier this month. (Communist Tax Lawyer)

Coca-Cola Planning to Increase Investment in India
Coca-Cola plans to invest more than US$250 million in India in the next three years because it has shown the highest volume growth in its international markets. Sales during the first three months of the year grew by 31 percent despite the global slowdown. The funding will increase Coca-Cola investment in the country by 20 percent and will be used to expand operations from bottling to buying delivery trucks and refrigerators for small retailers. (India Briefing)

An Uncertain China
As the world shifts its political positions and emerging countries flex new found muscles in the aftermath of the global financial crisis, how has China reacted to the situation? (2point6billion.com

Vietnam to Offer Better Conditions for Chinese Investors
The Vietnamese Government is promising better conditions for Chinese investors looking into doing business in the country. Prime Minister Nguyen Tan Dung said the statement during a Vietnam-China Business Forum held in Guangzhou city, adding that Chinese-invested projects in the country were going smoothly. (Vietnam Briefing)

China First, India Fourth in Global Manufacturing Value Output
The United Nations Industrial Development Organization (UNIDO) have just released their International Yearbook of Manufacturing Statistics and have found that China and India rank first and fourth respectively in global manufacturing value added (MVA) output.