Whether the Centre will provide Asean leadership in sustainable development cooperation depends on the entity’s design. Southeast Asian policymakers should apply the lessons learned from Asean’s past experiences and practices to craft the Centre’s mandates and legal frameworks, writes Kaewkamol Pitakdumrongkit.
The EU-Vietnam Free Trade Agreement, after coming into force, will increase and even remove the foreign equity cap for EU telecom companies to expand their business and investment in the Southeast Asian market.
Talking to the reporter from the Customs News, Mr. Tran Huu Huynh, Chairman of the Vietnam International Arbitration Center (VIAC), said that in order to better exploit the advantages of the FTAs, it is necessary to review, evaluate the implementation in a timely manner to remove knots.
The visits to Austria, Belgium, Demark and the European Union (EU) by Prime Minister Nguyen Xuan Phuc aim to convey the message of Vietnam’s desire to make friends with all countries, to boost extensive international integration, and effective participation along with the international community in resolving global challenges.
Trade-geared nation is poised to benefit more than most from coming shifts to global supply chains away from China-based production. As Asian nations brace for US-China trade war impacts on their economies, Vietnam is positioning itself as a possible two-way winner of the conflict.
Companies are choosing as their home and intend to expand their business as much as possible. Tomaso Andreatta, co-chairman of the Vietnam Business Forum, shared his views at the national conference on 30 years of FDI attraction in Vietnam on the country’s attractiveness today and made suggestions to make it even more attractive through clear direction, simple rules, and openness to markets.
2015 was not a bad year for global governance. The Paris Climate Accord was signed, giving us hope for the future balance of the environment. The Iran nuclear deal, also inked that year, was a relief for our good old Middle East. It was also the year Turkey was leading the G20, and world leaders met on the beaches of Antalya.
Bilateral trade between Vietnam and the Middle East has increased significantly in the last few years. However, it is still modest compared to Vietnam’s trade with its major trading partners.
The European Commission on 18 September proposed sanctions on countries that commit “willful and repeated” obfuscation of their trade policies, as part of an effort to modernise the World Trade Organisation. The WTO “must adapt or it will be in serious trouble”, said Commissioner for Trade. Cecilia Malmstrom.
Speaking at the launching ceremony of the State Capital Management Committee at the enterprise, Prime Minister Nguyen Xuan Phuc said that the establishment of the State Capital Management Committee for enterprises was recorded in the document of the Party Congress. Improving the efficiency of SOEs contributes significantly to the economy of Vietnam. The establishment of the Commission is an important step in separating functions of state management and SOEs’ business.
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