(VOVworld)- According to the annual report of the United States Trade Representatives (USTR) at the Congress on Tuesday, Beijing achieved significant progress after joining the World Trade Organization (WTO) in 2001.
The USTR said that there also exist many problems in Chinese business activities. Beijing has executed limited provisions towards imported products and overseas enterprises, but was applied support mechanisms towards domestic enterprises. The White House expressed disappointment about rampant copyright violations, and called on Beijing to reform state- owned enterprises. The USTR asked Beijing to consider legal reforms to better protect Intellectual Property Rights.
A World Bank policy note released Monday called on Vietnam to focus on reforms to address prevailing gaps and shortcomings in the land law. The policy note entitled "Revising the Land Law to Enable Sustainable Development in Vietnam", was issued as Vietnam's National Assembly convened to deliberate amendments to the Land Law. Several development partners, including the UN, are working together to prepare a joint policy note that reaffirms the same broad message. "It is critical that revisions to the Land Law create a more favorable environment for more effective, equitable, and environmentally sustainable management of scarce land resources," said…... [read more]
Direct or indirect subsidies on fossil fuels are a major factor in rapidly increasing global greenhouse gas emissions, and hindering the progress of renewable energy development. Vietnam has no legal obligation to reduce emissions or even to limit its emissions growth in the near future, but it has declared its intention to join the international community and take responsibilities in this regard. Fossil fuel fiscal policy reform will bring in both social and economic benefits for Vietnam. Uncertainties According to a report by the UNDP at a recent workshop on climate change, Vietnam is facing many macroeconomic uncertainties, including high…... [read more]
China's Foreign Ministry on Wednesday said the yuan's exchange rate was not the reason for unbalanced trade ties with the United States, after Republican presidential candidate Donald Trump said he would label Beijing a currency manipulator. Trump, the presumptive Republican nominee, has called China the "grand master" of currency devaluation, and has appealed to voters with tough talk on unfair trade deals, which he says cost American jobs. In a Tuesday speech on his trade policy stances, Trump said that if elected, he would direct his treasury secretary to label China a currency manipulator, a move he said "should have…... [read more]
Wide-ranging institutional and policy reforms will be required if Vietnam is to maximise inclusive growth for the new development context faced by the country, according to a report released today by the United Nations Development Programme (UNDP) and the Vietnam Academy of Social Sciences (VASS).Not to be left behind According to the report, an inclusive growth path - rapid, sustainable growth that leaves no one behind - is key to achieve overall progress in human development. According to Professor Nguyen Xuan Thang, President of VASS, this report looks back 30 years of Doi Moi (reform) and seeks, through the lens…... [read more]
Member countries of the World Trade Organisation (WTO) were impressed by Vietnam's positive changes of trade policy, said Deputy Minister of Industry and Trade Tran Quoc Khanh. In a recent interview with Vietnam News Agency's correspondents in Geneva, Khanh, who led the Vietnamese delegation to the first review of Vietnam's trade policies and practices in Geneva on September 17 and 19, said all 27 speakers during the Trade Policy Review Body (TPRB)'s opening session lauded the work Vietnam has done since it joined the world's largest trade body six years ago, describing the country as a success story of WTO…... [read more]
Red tape and poor planning are the two major factors hampering the Vietnamese agricultural sector, delegates told a conference in Ho Chi Minh City Friday. A survey by the Agricultural Economic Institute found that the majority of small- and medium-sized agricultural businesses suffered losses of VND800 million to one billion (US$50,000-62,000) a year. It was to seek solutions to this that businesses and officials from the Agriculture and Rural Development Ministry held the conference. Some enterprises complained that regulations on import of seeds, veterinary medicines, and fertilizers were inappropriate. To import fertilizers businesses had to show a certificate proving the…... [read more]
HA NOI (VNS) — The next few years will see several ambitious policy reforms, according to Decision No1987/QD-TTg issued by the Prime Minister last week. In the first quarter of next year, the Ministry of Home Affairs plans to lay out a public staff reduction policy. In 2014, the ministry will also change the minimum wage for State officials and military staff based on the capability of the State budget, the consumer price index and the growth of the economy. During the fourth quarter, the Ministry of Labour, Invalids and Social Affairs will submit a supplementary pension insurance pilot programme…... [read more]
The steering committee was established pursuant to the PM’s Decision No. 43/QD-TTg dated February 12, 2017, with Deputy PM Vuong Dinh Hue being its head, Minister of Home Affairs Le Vinh Tan as permanent deputy head, and Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung and Finance Minister Dinh Tien Dung as deputy heads. At the meeting, Minister of Home Affairs Le Vinh Tan reported on the steering committee’s operational plans in 2017 and the following years as well as the plan to research and draft an outline of the wage policy reform project. Meanwhile, leaders of the…... [read more]
Vietnamese and Chinese experts, managers, cadres and people shared experiences in social policies and resolving their countries' social issues at a talk on the Vietnam-China social policies in Hanoi on Dec. 12. Vice Chairman of the Vietnamese National Assembly's Committee for Social Affairs Luong Phan Cu said Vietnam always considers developing economy in association with social policy development. The Vietnamese Party and State have issued numerous laws including the Law on Labour, Social Insurance, Drug Prevention and Control and Gender Equality, built social programmes on safe water, crime prevention and control, job generation and preferential loans and others, launched nationwide…... [read more]
ADB backs Vietnam policy reforms By Minh Duc - The Saigon Times Daily HANOI - The Asian Development Bank (ADB) and the Government on Tuesday signed a US$24.8 million loan agreement to support policy reforms needed for fostering the country’s inclusive growth and ensuring further poverty reduction. The ADB program loan provides parallel financing to the Poverty Reduction Support Credit framework supported by a number of development partners. Through the Poverty Reduction Support Credits, the Government can carry out a wide range of policy reforms in the areas of business development, social inclusion, natural resource management and governance to ensure…... [read more]