Vietnam, Japan look to foster trade cooperation A workshop was held in Tokyo on October 22 to discuss measures to promote economic and trade cooperation between Vietnam and Japan. Held by the Department of Trade Promotion (DTP) under the Ministry of Industry and Trade and the Japan-ASEAN centre, the event attracted representatives from more than 100 Japanese and 25 Vietnamese enterprises operating in handicrafts, mechanics, plastic, home furniture and gifts. Speaking at the workshop, Doan Thi Thu Thuy, Deputy General Director of the DTP said Vietnamese goods are present in most markets around the world, and exports are shifting from raw materials to products with higher value such as electronics and smart phones. Notably, Vietnam's agriculture has witnessed a long period of stable growth with an average expansion of 4.4 percent in the last decade, with the export value of Vietnamese fruits surpassing those of rice and crude oil. Assessing Vietnam’s advantages, … [Read more...] about BUSINESS NEWS IN BRIEF 26/10
Article i national territory
Question: What are the changes stipulated in the Law on Competition? Answer: Subjects of application of the Law on Competition Relevant domestic and foreign agencies, organizations or individuals are all subject to the Law on Competition 2018. Accordingly, the governing scope applies to competition acts both inside and outside the Vietnamese territory where these acts make an anti-competition impact or a possible anti-competition impact in Viet Nam. Concurrently, it covers all the entities which may be in breach of the competition law in order to create a fair business environment for all entities. Economic concentration is no longer a restriction on competition Pursuant to Article 3.3 on the Law on Competition 2004, anti-competitive acts include agreements on restricting competition, abuse of dominant market positions, abuse of economic concentration and monopoly positions. The Law on Competition 2018 no longer considers economic concentration a restriction on competition. It … [Read more...] about Amendments on competition law
Stronger power for successful reformBy Associate Professor Vo Tri Hao (*) A toll gate on National Highway 1. The Government has to ensure the smooth flow of the economy to sustain growth - PHOTO: THANH HOA In view of the power sectionalism in Vietnam, it’s necessary to concentrate power to create a momentum strong enough for overcoming barriers to institutional reform With the re-recognition of the market economy, the 6th Party Congress has brought about a better life for the people. After overcoming the food crisis and the demand for basic necessities and joining the global market place over the past 30 years, the country needs deeper and broader Doi moi (Renovation) and institutional reform. The 12th Party Congress is closely associated with institutional reform, which some authors call it Reform 2.0. However, apart from clear results in corruption fighting, achievements in institutional reform regarding the business environment and the law-governed state have … [Read more...] about Stronger power for successful reform
Viet Nam News The 2016 international arbitration court ruling on the South China Sea was hailed as a major breakthrough as China’s extensive maritime territorial claims (the nine-dash line) were categorically deemed invalid. Yet the impact of the ruling on the ground has so far been limited and non-compliance might spell troubles for international dispute settlement mechanisms, experts have said. Trọng Kiên HÀ NỘI — The Hague-based international arbitration court announced on July 12, 2016, a landmark ruling that dealt a significant legal blow to China’s sweeping claims over most of the South China Sea (called the East Sea in Việt Nam). At the time, expectations were high that the tribunal’s ruling, in a case initiated by the Philippines over China’s aggressive attempts to prevent Filipino fishermen from fishing off the waters of the Scarborough Shoal since 2012, would have a great impact and possibly lead to a … [Read more...] about South China Sea tribunal ruling clings to relevance: experts
It was “not very reassuring,” Jeffrey Ordaniel told VnExpress, referring to the address by U.S. Defense Secretary James Mattis at the Shangri-La Dialogue in Singapore a week ago. Ordaniel, Research Fellow with the Pacific Forum, felt that while Mattis outlined what America wants to see in the so-called Indo-Pacific Region, he failed to clearly articulate how Washington could help smaller countries resist pressure and coercion from China. He could not even clearly commit to defend the Philippines, a mutual defense-treaty ally, in the South China Sea, Ordaniel noted. The South China Morning Post quoted the Defense Secretary as saying that the "the U.S. will continue to pursue a constructive, results-oriented relationship with China, cooperating when possible and competing vigorously where we must … of course we recognize any sustainable Indo-Pacific order has a role for China." But the U.S. bark seems to lack bite, analysts feel. On May 23, the U.S. disinvited China … [Read more...] about Is the US going soft on China?