VietNamNet Bridge - Labor experts have warned that Vietnam would have to fight against a brain drain when it joins the ASEAN Economic Community (AEC), slated for 2015.

VietNamNet Bridge - Thailand plans to work rather than compete with Vietnam to develop its fledgling automobile industry.

Minister of Industry and Trade Vu Huy Hoang revealed Vietnam’s preparation progress for the establishment of the ASEAN Economic Community in an interview granted to VNA on the conclusion of the 21st ASEAN Economic Ministers’ Retreat in Malaysia.

Under the new import/export tariff scheme effective as of January 1, 2015, a zero tax rate is applied to many import items, but most Vietnamese businesses say this has yet to affect their business.

VietNamNet Bridge – Vietnam has been warned that it could witness a strong wave of workers from ASEAN countries after the the ASEAN Economic Community becomes official next year.

For many Vietnamese bankers, Japanese banks are their biggest rivals in the home market. However, analysts have warned that once the ASEAN Economic Community begins next year, ASEAN banks, not Japanese, will be the most formidable rivals.

 VietNamNet Bridge – Vietnamese businesses are still vague about the ASEAN Economic Community (AEC) – of which Vietnam is a member, though the community would form up in just two years.

VietNamNet Bridge – The chairman of Vietnam Logistics Business Association has notified that local logistics firms will have to cope with tougher competition in a very near future when Vietnam opens the market wider

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