Food imported from china

As e-commerce is a field which needs significant capital, Vietnamese businesses without a parent company with strong financial potential would not be able to develop and compete as they are only allowed to access capital from the narrow list of investors announced periodically by the Ministry of Industry and Trade, he said. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 20

"I am honoured to announce the launch of the Prince Horology Vocational Training Center, Cambodia's first independent watch school. All the center's modern machinery and equipment have been imported from Switzerland, Germany and other countries," said Chairman Neak Oknha Chen Zhi of Prince Group. "We have also put together a world-class team to teach Cambodian and international students new skills that will make them competitive in job markets in Cambodia and abroad." … [Read more...] about Chen Zhi and Prince Group Bring the Art of Swiss Watchmaking to Cambodia

According to Derek Grossman, a senior analyst at the RAND Corporation, a Washington-based think tank, Vietnam could see a slowdown in foreign investment if the Biden administration were to restore Chinese tariffs to previous levels. However, he added that “some analysts see the movement of supply chains away from China, especially by Japan, as more of a natural development than one simply enforced by the US.” … [Read more...] about Biden keen to promote a strong America united

Hanoi (VNA) - A workshop discussing measures to improve the effectiveness of the implementation of the Regional Comprehensive Economic Partnership (RCEP) agreement and enhance the autonomy of Vietnam’s economy in the context of international integration was held on January 20 in Hanoi. The workshop, "Making RCEP work for economic well-being and autonomy in Vietnam: Required reform of trade and investment institutions", was co-hosted by the Central Institute for Economic Management (CIEM) and the Australia Supports Economic Reform in Vietnam (Aus4Reform) programme. It aims to assess trade and investment activities between Vietnam and other RCEP members, clarify institutional and structural issues that may affect the ability to take advantage of the opportunities, and address the challenges posed by the deal, thus proposing institutional reforms. According to CIEM Director Dr Tran Thi Hong Minh, in addition to efforts to realise the “dual goal” of controlling … [Read more...] about Measures sought to strengthen Vietnam’s economic autonomy

According to the Foreign Investment Agency under the Ministry of Planning and Investment, FDI commitments to Vietnam dropped by 13.7 percent in the first eight months of the year compared to the same period last year due to the impact of the Covid-19 pandemic. However, Vietnam is hopeful that free trade agreements, especially newly implemented EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) will provide opportunities for Vietnam to promote economic recovery. … [Read more...] about Bright outlook for Vietnam’s economy despite Covid-19 setback