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
3m agricultural products
Malaysia files WTO lawsuit against EU on palm-biofuel curbs
Kuala Lumpur (VNA) – Malaysia has recently filed a complaint with the World Trade Organisation (WTO) over the European Union (EU)’s rules affecting the consumption of palm oil-based biofuels. In the complaint, dated January 15, Malaysia charges that the EU, particularly its member states such as France and Lithuania, had imposed restrictive measures on the use of palm oil that violate international trade agreements. Malaysia holds that the bloc and its members confer unfair benefits to EU domestic producers of certain biofuel feedstocks such as rapeseed oil and soy, and the biofuels produced therefrom at the expense of palm oil and oil palm crop-based biofuels from Malaysia. The EU has embarked on a major plan committing its members to build a carbon neutral economy by 2050, including by promoting the use of biofuels. However, it has deemed that palm oil production is not sustainable and palm oil-based biofuels cannot be counted towards EU renewable targets. … [Read more...] about Malaysia files WTO lawsuit against EU on palm-biofuel curbs
VIETNAM NEWS JANUARY 20
He congratulated Saysomphone Phomvihane on being re-elected as a Politburo member of the LPRP (11th tenure) and expressed his belief that under the leadership of the new Politburo and the LPRP Central Committee, the Lao people will reap even greater achievements in the process of national construction and defence and successfully realise goals and political tasks set by the Resolution of the 11th Congress of the LPRP. … [Read more...] about VIETNAM NEWS JANUARY 20
MLM enterprises dodge licencing by setting up new entities
The suspicions about Stella Ivy Cosmetics’ license were rooted in past violations. In August 2018, the company was fined for VND170 million ($7,400) since it failed to follow its obligations on revoking multi-level sales member cards. In addition, the company conducted multi-level sales in centrally-run cities and provinces without approval from respective departments and did not issue labour contracts to its sale staff. … [Read more...] about MLM enterprises dodge licencing by setting up new entities
Experimental puppet show begins in capital
The moonlight also enlightens the Central Highlands with dances and becomes sweet in every tune and melody of the ancient capital of Huế. The audience will be immersed in the moonlight of the southern region with lively folk tunes and exciting local dances. … [Read more...] about Experimental puppet show begins in capital