Escorted tours of vietnam and cambodia

Phnom Penh (VNA) – Cambodia’s Minister of Justice Koeut Rith has directed the formation of two committees to begin the process of establishing separate courts for commercial and labour disputes, Phnom Penh Post reported on January 25. According to two decision letters issued on January 21, the committees are comprised of 20 members from the justice ministry, the Supreme Council of Magistracy, government delegates, the heads of the Phnom Penh Municipal Court and Appeal Court, and some other relevant officials. To prepare for the establishment of the commercial and labour courts, these two committees’ members have been asked to prepare documentation and legal briefs to determine each court’s relationship to the lower courts and the higher courts, including the Appeal Court and Supreme Court. The committees also have to conduct a study to determine the appropriate locations for these courts as well as examine any necessary changes to trade procedures and … [Read more...] about Cambodia to have trade, labour courts by this year’s end

The country stands to benefit from the trade and technology tensions between the United States and China, which are expected to continue under the new U.S. administration. Significant supply-chain relocation is already underway as a result of the U.S.-China trade war. … [Read more...] about Standard Chartered forecasts Vietnam’s 2021 GDP growth at 7.8%

The diplomat went on to say that since the previous congress, under the steadfast leadership of the Communist Party of Vietnam Central Committee, the Vietnamese Party and Government have stepped up the Party building, the corruption combat, reforms, and development, with growth of 2.9 percent - one of the world’s fastest growth rates last year. … [Read more...] about Congress to create new momentum for Vietnam: Ambassador

Hanoi (VNA) – The Vietnamese Ministry of Industry and Trade is actively implementing a lot of supporting industry development programmes, given the great importance of supporting industries. Thanks to these programmes, Vietnamese businesses have been facilitated to apply modern quality management standards and systems, increase the quality of their products, and gradually participate in global supply chains. However, deputy head of the Science Institute on Small-and-Medium Enterprises Management (SISME) Nguyen Kim Hung said that businesses are facing difficulties in approaching credit, due to specific characteristics of supporting industrial production as well as the low starting point of small- and medium-sized enterprises. In this context, Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc stressed the need for mechanisms and policies to develop supporting industries, strengthen connectivity, take advantage of new markets, and expand supply channels and … [Read more...] about Vietnam’s supporting industries receive push to develop further

The country’s labour productivity in the 2016-20 period increased by 5.8 per cent, exceeding the set target, while the consumer price index decreased from 18.6 per cent in 2011 to below 4 per cent in the 2016-20 period. Its import and export increased 1.7 times, with a trade surplus posted for five consecutive years. E-commerce became an important distribution channel of the economy with an increase of 25 per cent. The country also saw its tourism sector grow nearly 30 per cent per year on average, reaching 18 million international visitors in 2019, an increase of more than 10 million compared to 2015. … [Read more...] about Vietnam posts remarkable economic achievements in 2016-2020 period