Australia is a potential market for Vietnamese textile and garment exports, which are forecast to hit a double-digit growth after the signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) agreement.
As many as two dozen US seafood suppliers will get a chance to pitch their products and pursue other business relationships in Vietnam this fall thanks to a little funding help from the federal government.
Last month, heads of state gathered in Singapore for the 32nd annual ASEAN Summit to discuss a wide variety of issues—from the Code of Conduct on the South China Sea and the humanitarian crisis in Myanmar’s Rakhine State, to advancing regional economic integration and navigating geopolitical power shifts.
The group can design public-private partnerships, and create markets for more corporate sustainability bonds.
Sustainability issues are still often seen as long-term concerns, rather than requiring urgent attention, despite the Paris Agreement to take action to address climate change.
The accession of Vietnam, a formerly antagonistic communist neighbour, to ASEAN was the result of several major geostrategic power shifts that continue to impact on the grouping’s development today.
Formerly a country that exported crude oil at low prices, Vietnam now produces petroleum products which can satisfy half of domestic demand.
But MAS report says much of region still in early stages of digital transformation. There are many challenges remaining before the Asean economies will be able to embrace the digital economy, a report by the Monetary Authority of Singapore (MAS) noted.
In an odd way, the Trump administration may be making progress in its approach to trade. It began with ideas that identified wrong problems and offered wrong solutions, most notably the president’s fixation on bilateral deficits as the single indicator of a trade relationship.
In May 2018, a Seminar on solutions to promote the development of the National Single Window (NSW), ASEAN Single Window (ASW) and trade facilitation will be held, which will be a specific and vivid evidence of Vietnam’s era of industrial revolution 4.0, with the story of integration of IT systems.
For decades, economists scorned protectionism as a losing proposition. Now some have begun to admit that not everyone benefits from open markets.
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