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Significance of Vietnam being a market economy

September 28, 2023 by e.vnexpress.net

According to the Ministry of Industry and Trade, 72 countries recognize Vietnam as a market economy, including Canada, Australia, Japan, and South Korea. The UK did so recently with an official letter to the effect. Speaking to VnExpress , a Trade Remedies Authority Department official said since its first anti-dumping investigation case against Vietnam in 2002 the U.S. had been considering the country a non-market economy. In a meeting with the U.S. Secretary of Commerce Gina Raimondo in Washington last Tuesday, Prime Minister Pham Minh Chinh proposed the U.S. to soon recognize Vietnam’s market economy status . The need for recognition of Vietnam's market economy status was also in the joint statement between General Secretary Nguyen Phu Trong and President Joe Biden on upgrading the two countries' relations to a Comprehensive Strategic Partnership. The EU also sees Vietnam as a non-market economy. In 2015, while free-trade agreement negotiations were underway, the EU … [Read more...] about Significance of Vietnam being a market economy

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Lobster larvae increasingly smuggled into Vietnam

September 28, 2023 by tuoitrenews.vn

In Vietnam, the import of wild-caught lobster larvae is under strict control because of short supply, yet the smuggling of this in-demand shellfish remains rampant on social media, posing immeasurable risks. Many raft owners in Cam Ranh City, Khanh Hoa Province find it difficult to import official lobster larva shipments, while some online sellers offer lobster larvae in great numbers and with plenty of pricing. When buying lobster larvae becomes a gamble Despite being aware of numerous risks in quality, many consumers still go for buying lobster larvae online. "Vendors vaguely claimed that these infant lobsters hailed either from Indonesia or the Philippines,” said Le Phuong Dung, a buyer in Cam Linh Ward, Cam Ranh City. The price per lobster larva peaked at VND60,000 (US$2.46) in July and August, while each cost about VND40,000 ($1.64) at the moment, said Dung. Besides purchasing from a regular contact, she usually orders lobster larvae online as this kind of trading … [Read more...] about Lobster larvae increasingly smuggled into Vietnam

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Vietnam records no undesired incidents related to controversial cancer drug

September 28, 2023 by tuoitrenews.vn

The Drug Administration of Vietnam (DAV) under the Ministry of Health on Wednesday said it has not received any reports indicating adverse effects of Swiss pharmaceutical company Roche’s Avastin cancer drug, a treatment associated with 12 Pakistani patients losing their vision. The DAV affirmed that Avastin’s four previously-granted registration certificates for circulation within Vietnam remain active. The agency made the announcement following the Roche representative office in Vietnam’s update on the ongoing investigation into the use of the drug Avastin in Pakistan. The probe was carried out after 12 diabetic patients in Pakistan who were injected with a drug labeled 'Inj. Avastin 1.25mg/0.05ml' went blind. The drug was distributed by unauthorized provider Genius Pharmaceutical Service, but its label led to the misunderstanding that it was an authentic product produced by Roche. In fact, Genius Pharmaceutical Service 'altered/dispensed/diluted' Roche’s original Avastin … [Read more...] about Vietnam records no undesired incidents related to controversial cancer drug

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Hanoi households, businesses rush to install escape ladders outside buildings

September 28, 2023 by tuoitrenews.vn

Many households and businesses in Hanoi have raced to equip escape ladders outside their high-rise buildings following a fatal apartment block inferno that killed 56 people in the capital earlier this month. These escape ladders come in all types and sizes, but most of them are made from metal. The owners of buildings with enough spaces have equipped them with spiral ladders, while vertical ladders have been installed outside some others. Some ladders have even encroached on sidewallk areas. The owner of an eight-floor apartment block on Thanh Binh Street in Ha Dong District, Hanoi has equipped the building with an escape ladder system costing over VND100 million (US$4,100). Photo : Hong Quang / Tuoi Tre Le Ha Khanh, residing on Minh Khai Street in Hai Ba Trung District, was in a divided mind while choosing an escape ladder for her six-floor apartment block. Vertical ladders are dangerous as people may fall while climbing down, Khanh said. Meanwhile, she … [Read more...] about Hanoi households, businesses rush to install escape ladders outside buildings

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