Most-favored-nation treatment (MFN) is the basic principle in WTO’s international trade, whereby a member country must be given the same treatment as all other WTO members, regardless of developed countries or developing countries. However, he affirmed that the change won’t have impact on Vietnam in reality. … [Read more...] about What if the US no longer considers Vietnam a ‘developing country’?
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The Industry Department said enterprises in the automobile industry would start facing shortage of supply by the end of the first quarter, which is a serious matter as it is not easy to find alternative sources for China, South Korea and Japan, especially in terms of price and quick delivery. … [Read more...] about Many Vietnamese firms could stop operations by late March as inputs run out
BANGKOK -- Thailand’s largest retailer, Central Retail Corporation Pcl (CRC), plans to expand domestic online sales as well as its business in Vietnam, as the coronavirus outbreak slows economic growth at home, its top executive said on Thursday. … [Read more...] about Thailand’s Central Retail eyes growth in Vietnam after trouble at home
Specifically, Japanese firms are facing weeks of disruptions to secure input materials, which leads to a dramatic rise of material prices. At present, many firms have yet to be affected by the disruptions, but they predict that the impact will begin to be visible in March. … [Read more...] about Half of Japanese manufacturers see supply chain disruptions from COVID-19
Head of the department Truong Thanh Hoai said the central Government had ordered ministries, agencies and localities to increase information exchange with their Chinese counterparts to strengthen efforts to prevent the spread of the virus while maintaining an opened border between Viet Nam and China. … [Read more...] about As supply runs low, electronics makers forecast further disruption