Deputy Minister of Science and Technology Trần Văn Tùng, speaks to Hải Quan (Customs) Online about how to differentiate genuine goods from fake products. What should Việt Nam do to co-operate with other countries to prevent trade fraud and fake goods? Co-operation with other foreign countries in the fight against trade fraud and fake goods is very important. Fake goods have become a common problem worldwide. That’s why, we need strong co-operation between nations and enterprises in the fight against fake goods and close co-ordination to protect intellectual property rights as well as law enforcement agencies, including the FBI. What advantages and disadvantages does Việt Nam have in the fight against trade fraud and fake goods? Việt Nam has adopted legal documents to tackle trade fraud, including the Law on Intellectual Property Rights, which is similar to other international laws. Vietnamese … [Read more...] about How to detect genuine goods from fake goods
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By Karen Reddington - President, FedEx Asia Pacific So why then does evidence show that small- and medium-sized enterprises (SMEs) are failing to access trade deals – one of the most significant tools there is for multiplying business growth and opportunity? And what do agreements like the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) actually offer? Trade agreements are designed to lower the barriers between participating countries, giving domestic companies better access to more customers and larger, international markets while reducing tariffs and customs duties which slow global commerce. That’s why the CPTPP is arguably one of the most important trade deals in decades, as it removes tariffs on about 95 per cent of goods traded between member countries. The new agreement creates a trade community accounting for an extraordinary 14 per cent of the global economy. That figure is projected to rise to 18 per cent as more countries queue up to join … [Read more...] about How SMEs can make the most of global trade deals
Valtteri Bottas (right) and Lewis Hamilton celebrate a Mercedes one-two in Melbourne. (Photo: AFP/PETER PARKS) Perhaps it shouldn't have been a surprise to see Mercedes romp away to a one-two victory, but the absence of Ferrari from the podium was a real shock. And so we are left with some obvious questions: Where did all of Ferrari's preseason promise go? Will it come back on a different type of track? And, ultimately, will anyone be able to challenge Mercedes? There is a weight of evidence (outlined below) that suggests Ferrari will recover, but even if it doesn't, the emergence of a more aggressive Valtteri Bottas this year has the potential to keep things interesting. Again, it's too early to draw conclusions, but if Bottas can continue to drive on the level we saw in Australia, he will be a genuine threat to Lewis Hamilton's title defence. So let's start with the race winner and how he managed to put a five-time world champion in the shade on Sunday. THE REAL VALTTERI BOTTAS … [Read more...] about Formula One: How Valtteri Bottas rediscovered himself and why Ferrari need to do the same
Jonathan L. Moreno, general director of Medovations Vietnam (former AmCham Vietnam chairman and Vietnam Business Forum's board member), shared his thoughts with VIR about Vietnam and the DPRK-US Summit held in Hanoi. I was writing this article while in transit to Hong Kong to give a speech to a group of professionals and fellow alumni of the University of Hawaii about whether Vietnam is a short-term positive story or the next Asian Tiger. Coincidentally, President Donald Trump and Chairman Kim Jong Un completed their Hanoi, Vietnam Summit held over the past 36 hours to discuss a path forward towards peace, security, stability, and prosperity on the Korean Peninsula. There was hope that this summit might achieve a formal end to the Korean War which has been in a state of armistice for the past 65 years. The organisers of the Hong Kong event indicate that participants are very interested in learning more about Vietnam as a trade and investment destination, however, I am confident there … [Read more...] about What can Vietnam gain from the DPRK US summit in Hanoi?
The second October 16-17 visit by U.S. Defense Secretary James Mattis to Vietnam this year attracted great attention among international experts. His first visit was in January 2018. Frequently cited Vietnam expert Carl Thayer, Emeritus Professor at the University of New South Wales at the Australian Defense Force Academy, said the trip showed that Secretary Mattis is following guidance in the U.S. National Security Strategy and the U.S. National Defense Strategy to include Vietnam in a cooperative defense network to deal with current challenges to regional security, including aggressive Chinese actions in the South China Sea. Vietnam calls the waters the East Sea. "It is clear from the U.S. National Security Strategy and U.S. National Defense Strategy that the United States views Vietnam as an important strategic partner. The recent speech by Vice President Mike Pence signaled a major shift in U.S. policy to identify and treat China as an … [Read more...] about How Vietnam can walk the tightrope of US-China tensions