Trade Vietnam suspends plywood transshipments to U.S. By Thanh Thom Friday, Nov 15, 2019,10:30 (GMT+7) Vietnam suspends plywood transshipments to U.S.By Thanh Thom Employees work on a wood processing line at a local company. Vietnam has suspended the transshipment of plywood products to the United States for fear of punitive measures against domestic plywood products – PHOTO: THUY DUNG HCMC – The Ministry of Industry and Trade has decided to suspend the import of plywood products for re-export to the United States from December 27 this year over concerns about possible origin fraud and unauthorized transshipments. The ministry’s Import and Export Department said in a statement that the ministry has submitted a scheme to the prime minister for approval, aiming to strengthen the effort to prevent the circumvention of trade remedies and origin fraud. The scheme sets out various measures to control import … [Read more...] about Vietnam suspends plywood transshipments to U.S.
Child labor during the industrial revolution
Coaches line up in early morning, ready to carry workers from Hanoi to their hometowns (Photo: congdoanhanoi.org.vn) Hanoi (VNA) – Businesses, industrial zones and hospitals nationwide have been getting into the Tet (Lunar New Year) spirit and providing free transport to allow workers and patients travel home to spend the holiday with their families. The Labour Federation of southern Binh Duong province on January 31 arranged free-of-charge coaches to take 1,000 poor workers to their hometowns. They are among 5,000 workers to get free bus travel to their hometowns in the province. Tran Van Nam, Secretary of the provincial Party Committee, said the province is populated by more than 2.3 million people, and more than a half of them were workers coming from other provinces. “Thus provincial leaders always try our best so that all workers have better physical and mental lives,” said Nam. Nguyen Thi My Thu, from the central province of Quang Binh, has … [Read more...] about Disadvantaged people assisted to return home for Tet
The CPTPP is forecast to generate major opportunities for Vietnam (Photo: VNA) Hanoi (VNA) – The Ministry of Industry and Trade (MoIT) is working to align Vietnam’s legal regulations with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – a deal experts see as hugely important to the country. The CPTPP, which took effect in Vietnam on January 14, gathers 11 member states, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam that altogether make up 13.5 percent of global GDP. Ngo Chung Khanh, Deputy Director of the MoIT’s Multilateral Trade Policy Department, said to make regulations in line with the agreement, the ministry issued Circular No. 03/2019/TT-BCT that stipulates rules of origin for products traded under the CPTPP. This circular came into force on March 8. The MoIT is working with the Ministry of Science and Technology and the Ministry of Finance to compile a … [Read more...] about Regulations being revised to implement CPTPP
Seaport industry remains a 'gold mine' of Vinalines (Source: vinalineslogistics.com.vn) Hanoi (VNA) – The revival of the Vietnam National Shipping Lines (Vinalines) along with its efforts to cut losses and infrastructure will be a basis to help the country’s maritime giant to continue its ‘sailing’, with a hope of taking up more shares at home and abroad in the near future.customers network and diverse services. Loss cut down by 80 percent [Vinalines revived and setting sail] Tinh attributed the positive results to growth in the dry cargo market, the sale of ineffective assets, contributing to reducing loss; effective hire of ships, organisation of shared buying activities for it ship fleet to cut cost, and the issuance of fuel quotas and control of material fuel use.Vinalines will also focus on expanding markets; continuing financial restructuring, handling bad debts and assets to cut loss at shipping enterprises and joint venture ports; … [Read more...] about Vinalines moves to reduce debts, losses to be revived
Thai Nguyen aims to enter and maintain its ranking in the top 10 of the Provincial Competitiveness Index (PCI) with annual average economic growth of 10 percent (Illustrative image. Source: VNA) Thai Nguyen (VNA) – The northern province of Thai Nguyen wants to become one of the localities with the best investment environment in the country by 2020. The province aims to enter and maintain its ranking in the top 10 of the Provincial Competitiveness Index (PCI) with annual average economic growth of 10 percent, industrial production expansion of 15 percent and per capita average income of 86 million VND (3,775 USD). According to Director of the provincial Department of Planning and Investment Hoang Thai Cuong, to improve the investment environment and increase provincial competitiveness, authorities have stepped up administrative reform and publicised socio-economic development plans, especially regarding urban development, transport, industrial areas and tourism. … [Read more...] about Thai Nguyen develops business-friendly environment