The Hanoitimes - CPTPP provides a more flexible rule of origin compared to other free trade agreements, which is a major advantage for Vietnam’s small and medium enterprises. CPTPP comes into force in Vietnam CPTPP to boost Vietnam’s GDP up to over 2%: NCIF Vietnam firms urged to prioritize domestic market as CPTPP comes into force Vietnamese enterprises must be aware of the rules of origin under the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) to enjoy preferential tariff treatment, according to Bui Kim Thuy, country representative of the US – ASEAN Business Council. Overview of the conference. Source: Ngoc Thuy. The rules of origin would be used to determine when goods have undergone sufficient production to qualify for preferential treatment, in this case is 0% of import tariffs, Thuy said at a conference discussing benefits and challenges of CPTPP to Vietnamese enterprises held on January 17. In … [Read more...] about Rules of origin key for Vietnam to enjoy preferential tariffs in CPTPP: Experts
Vietnam textile industry overview
Vietnam’s incentives should only be applied to high added value projects: CIEM
The Hanoitimes - In the new context, Vietnam should consider a proactive strategy towards attracting high-quality foreign direct investment (FDI) projects. Preferential policies are necessary to attract investments, but should only be applied to high added value projects in order to avoid its adverse impact, according to Nguyen Dinh Cung, director of the Central Institute for Economic Management (CIEM). Overview of the conference. Source: Nguyen Tung. In the new context, Vietnam should consider a proactive strategy towards attracting high quality foreign direct investment (FDI) projects, as the country’s current comparative advantage of cheap labor cost and land resources for FDI attraction are diminishing, Cung said at a conference on November 30. To clarify the matter, Dinh Trong Thang, director of CIEM’s Investment Policy Department, said the incentive should take into account strengths and weaknesses of each province, while ensuring the … [Read more...] about Vietnam’s incentives should only be applied to high added value projects: CIEM
Vietnam achieves important milestones in climate change response
The Hanoitimes - Climate change is a critical issue for all countries and requires the determination and great efforts of all nations, territories and regions all over the world. Vietnam has achieved important milestones in climate climate change response and met international requirements over the last years, said Jörg Rüger, first secretary for the Environment at the German Embassy. Rüger made the statement at the summary workshop of the “Creation of an Overarching Framework for Nationally Appropriate Mitigation Actions in Vietnam,” or NAMA Project in short, held by the Ministry of Natural Resources and Environment (MONRE) on October 30 in Hanoi. The NAMA project was jointly implemented by the Viet Nam Institute of Meteorology, Hydrology and Climate Change (IMHEN) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). It was implemented from 2014 to 2018 through the International Climate Initiative (IKI) funded by the German … [Read more...] about Vietnam achieves important milestones in climate change response
“Taiwan Smart Machinery” promoted at MTA Vietnam 2018
(VEN) - The Taiwan External Trade Development Council (TAITRA) organized a “Taiwan Smart Machinery”conference and business matching event for companies in Vietnam and companies and institutes in Taiwan. The event was held within the occasion of the 16th International Precision Engineering, Machine Tools and Metalworking Exhibition MTA Vietnam 2018 in Ho Chi Minh City. At the conference, Ms. Fang-Miao Lin, Vice President of TAITRA, and Mr. Simon Gong, Director of Economic Division, Taipei Economic and Cultural Office in Ho Chi Minh City presented an overview of cooperative potential with Vietnam. “In 2017, Vietnam imported US$ 106.9 million of machines from Taiwan that makes Vietnam the 7th largest market for Taiwanese machine, especially machine tools. Currently, Taiwan is the 4th largest supplier for Vietnam.” Taiwanese companies focus on Smart Manufacturing Solutions at MTA Vietnam 2018. With the trend of Industry 4.0, Taiwan has the supply chain from … [Read more...] about “Taiwan Smart Machinery” promoted at MTA Vietnam 2018
The Woolmark Company takes centre stage in Vietnam
(VEN) - The Merino Wool Awareness Day of The Woolmark Company concludes today in Hanoi, with more than a hundred industry experts attending. Considering Vietnam as a key emerging market, The Woolmark Company has worked in the Vietnamese market for five years, witnessing the country’s growing interest in the use of natural fibres and its potential for production of quality wool product, as the country’s economic and social environment evolves. The Merino Wool Awareness Day proudly hosts more than a hundred participants, including international and local experts, experienced designers, suppliers and manufacturers in the textile and garment industry. The event highlights the benefits of Merino wool and provides guidance on how to access and process the fibre in innovative ways in the future, as well as giving domestic companies an opportunity to showcase their wool products and connect with more than 80 supply chain brands in Vietnam. Executives from The Woolmark Company … [Read more...] about The Woolmark Company takes centre stage in Vietnam