Vietnamese shoemakers have high expectations for the CPTPP. According to Diep Thanh Kiet, a member of WEC Saigon’s board of directors, Vietnam is second only to China in terms of footwear export volume, with roughly 1 billion pairs each year. However, in the long term, Vietnam’s footwear industry can still compete with China in terms of labour costs, income per capita, economic policies and export market. Furthermore, the CPTPP trade agreement is expected to help Vietnamese footwear makers to enhance their competitiveness thanks to tariff preferences in the final months of 2019. Kiet’s expectations are also echoed by many other footwear producers as the ministries concerned are working hard to formulate directives and circulars guiding the implementation of the trade pact, fully known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Phan Thi Thanh Xuan, General Secretary of Lefaso, an association of leather and footwear companies, … [Read more...] about Will opportunities open up for VN’s footwear in second half of 2019?
Secretary board of directors
Earlier, the Political Bureau has appointed Mr. Hung as the new Secretary of the Party Committee of the Ministry of Information and Communications (MIC) for the 2016-2021 term. The PM has also approved the election of Mr. Nguyen Van Thang, Alternate Member of the Central Party Committee as Vice Chairman of Quang Ninh Province’s People’s Committee in the 2016-2021 phase. Mr. Thang was former Chairman of the Board of Directors of Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank). … [Read more...] about Acting Minister of Information and Communications named
The Ministry of Public Security (MoPS) has just issued a decision to start legal proceedings over MobiFone’s acquisition of AVG and started prosecuting former MobiFone chairman Le Nam Tra for violating regulations on public investment. Le Nam Tra, former chairman cum general director of MobiFone On July 10, MoPS’ investigation agency started legal proceedings on the charge of “Offences against regulations on the management and use public capital that lead to serious consequences” (Article 220 of 2015 Criminal Code) at Vietnam Mobile Telecom Services One Member Limited Liability Company (MobiFone) and related agencies. The investigation agency also issued a decision to prosecute and arrest Le Nam Tra (57), former chairman cum general director of MobiFone, and Pham Dinh Trong (48), director general of the Ministry of Information and Communications’ (MIC) Department of Enterprise Management for this charge. Their houses were searched on July 10. … [Read more...] about Former chairman of MobiFone to be arrested
The Inspection Commission of the Party Central Committee announces conclusions on wrongdoings at a number of Party organisations on June 30. (Photo: VNA) Hanoi (VNA) - The Inspection Commission of the Party Central Committee on June 30 announced the outcomes of its 27th session in Hanoi on June 27 and 28, including conclusions on wrongdoings at a number of Party organisations. Regarding the Standing Board of the Party Committee of the Air Defence-Air Force under the Ministry of Defence, the Inspection Commission said the board had violated the principles of centralized democracy and working rules, slackened the leadership and management, and neglected supervision, thus resulting in many law violations and mistakes in the management and use of land designated for defence purpose. The commission concluded that Senior Lieutenant General Phuong Minh Hoa, former member of the Party Central Committee, former Vice Director of the Vietnam People’s Army’s … [Read more...] about Party’s Inspection Commission announces outcomes of 27th session
US Commerce Secretary Wilbur Ross, who announced a deal to ease sanctions on Chinese firm ZTE, is seen at a Jun 3 meeting in Beijing with Chinese Vice Premier Liu He. (AFP/Andy Wong) US Commerce Secretary Wilbur Ross, who announced the deal, reiterated a denial that there was any connection between the two. But the ZTE settlement comes just days after Beijing reportedly offered to ramp up purchases of American goods to help cut the yawning trade imbalance with the United States - moving part-way towards meeting a major demand of US President Donald Trump. The defusing of tensions with Beijing is good news for Trump, who is preparing to face outraged allies at this week's Group of Seven summit in Canada, where Europe and Canada will voice their strenuous objections to US steel and metal tariffs. Not all was rosy - US lawmakers threatened legal action against the ZTE deal, saying the telecoms firm posed an "espionage risk" to the United States in addition to having violated its … [Read more...] about US, China reach US$1.4b ZTE deal amid signs of progress on trade