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’?
The Ministry of Industry and Trade is focusing on increasing the industrial sector’s added value. Specifically, the ministry is working with other ministries and sectors on policies and solutions for developing such potential prioritized industries as automobile, textile and garment, leather and footwear, electronics, minerals, and supporting industries. “Small and medium enterprises need to be supported by the state until they are able to compete in the global market and become reliable manufacturing partners of the global production chain, including assistance in innovation, production management, and access to preferential credit, new technology and high quality human resources,” Industry Agency Director Truong Thanh Hoai said. … [Read more...] about Vietnam’s industrial development, exports dogged by low added value
After exploring, it is ideal to return to the town to enjoy coffee or drinks and find a restaurant for seafood. Because Co To Lon is little known among foreigners, most tourism services from hotels to restaurants are typically Vietnamese but the quality is good at reasonable prices. … [Read more...] about Alluring Co To island – a new draw in Quang Ninh province
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
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