HA NOI (VNS) — Trade liberalisation for environ-mental goods and services has become key to Viet Nam's bilateral and multi-lateral negotiations, and international co-operation. Pham Minh Nguyen, director of the Institute of Trade Research, said the World Trade Organisation (WTO), the Organisation for Economic Co-operation and Development (OECD), and the Asia-Pacific Economic Cooperation (APEC) have been the leading international organisations to promote trade liberalisation of goods and services. Last year, the world trade value for environmental goods and services reached US$4 trillion, demonstrating a high growth rate. The value is expected to reach $10 trillion by 2020. The United States took the lead in investment in goods and services, reporting an export turnover of $106 billion in 2013 and an annual growth rate of more than eight per cent. The European Union, China, and India followed. Nguyen told the Trade Liberalisation for Environment Goods and Services workshop, … [Read more...] about Liberalisation of trade necessary
Traded value definition
Room for improvement in Mongolia trade
Viet Nam News spoke with Mongolian charge d'affaires Chuluun Bayarmunkh on the occasion of Mongolia's National Day today. This year marks the 90th National Day of Mongolia. Are there any special events to celebrate this occasion in your country? Yes, there are many special events to be celebrated this year and it is not only on the occasion of the 90th National Day of Mongolia. The nation marks many historic anniversaries this year. For instance, in connection with the 2220th Anniversary of the Founding of Mongolia's Statehood - "Hunnu Empire" - a Peace Festival of Nations of Hunnu Origin is going to be organised under the auspices of the President of Mongolia in Ulaanbaatar. Representatives of 33 countries have been invited to attend this great event. Along with that, the 5th Congress of "World Mongolians" will take place in Ulaanbaatar in August on the occasion of the 805th Anniversary of the "Great Mongolian State" and 100th Anniversary of the "National Freedom Revolution". … [Read more...] about Room for improvement in Mongolia trade
Skills, values and motivation missing in university system
Last week, Viet Nam News raised the role of universities in one's career path as high school students were under huge pressure to pass entrance exams for tertiary education. We asked our readers what the situation was like in their home countries, if they thought universities were a key to success, and if they would like to see an easing of the pressure to enter university. Below are several responses. Julie Delay, French, Ha Noi Next week: Foreign passengers on connection flights or transit at international seaports will be allowed to stay in Viet Nam for up to 15 days instead of the current five from August 14, according to new Ministry of Public Security regulations. The application procedure for the new US$5 transit permits, which are much cheaper than tourist visas, will be simple, timesaving, economic and conducted by travel agents on tourists' behalf. Chairman of the Viet Nam Travel Association, Vu The Binh, said that the move is aimed at attracting more transit tourists, … [Read more...] about Skills, values and motivation missing in university system
Vietnam’s trade gap rises amid weak auxiliary industry
Economists said Vietnam's trade deficit was getting bigger as the domestic auxiliary industry remained fledging, with local businesses depending strongly on imported materials. "The Ministry of Industry and Trade has issued a list of products that the government restricted importing. However, it is just one of the technical measures. We cannot narrow down the trade gap immediately as the domestic production still depends on imported materials," said Deputy Minister Nguyen Thanh Bien of Industry and Trade. Experts said beefing up export to reduce the trade deficit was among the country's top priorities. However, the export sector is growing at slow pace due to many inadequacies. "Crude oil and textile are among Vietnam's key exported items. But local oil companies export crude oil only, which is directly exploited from nature and has low value," said an economists in Ho Chi Minh City. "Textile exporters earn less from the annual export turnover as they have nothing but the … [Read more...] about Vietnam’s trade gap rises amid weak auxiliary industry
Insider trading definition needs broader perspective
Talking Shop (25-01-2007) Insider trading definition needs broader perspective Investors have recently raised concerns about insider trading, which erodes the market's credibility and hurts smaller players. Le Hai Tra, deputy director of the HCM City Securities Trading Centre, commented on the issue. Some people attribute rampant insider trading on the market to the fact listed companies have to give information to the centre prior to public release, which creates a five to seven day window for information to leak. What is your reaction to this? … [Read more...] about Insider trading definition needs broader perspective