AEC

Update news AEC

The ASEAN Economic Community (AEC) and FTAs have brought more job opportunities to workers but also challenges as Vietnamese workers will have to compete with international staff in the home market.

Vietnam’s logistics sector faces labor shortage of 2 million people

The issue of labor shortage is becoming more severe as Vietnam is a member of ASEAN Economic Community (AEC) and is joining in a number of next generation free trade agreements.

Thai-made products in US sell Vietnamese pho, other specialties

VietNamNet Bridge - Many Vietnam’s specialties are available in the world market, but most are Thai and Hong Kong made products.

Vietnamese businesses warned they may lose home market

VietNamNet Bridge - While Vietnamese enterprises gather strength to make products for export, Thai goods have been conquering the domestic market.

Vietnamese businesses still fumbling on the way to AEC market

VietNamNet Bridge - Though the door to the ASEAN market has opened wide with the formation of the ASEAN Economic Community (AEC), Vietnamese goods still cannot approach it.

Vietnam’s businesses still not tapping AEC market

Vietnam is a member of the ASEAN Economic Community (AEC), which was established three years ago. However, its businesses are not exploiting the 600 million consumer market.

Vietnam tourism ‘forgets’ ASEAN market

VietNamNet Bridge - The formation of the ASEAN Economic Community is expected to open new markets for tourism, but Vietnam still cannot exploit the advantage. 

Foreign chains a launchpad for Vietnam goods to reach world market

VietNamNet Bridge - More and more Vietnamese enterprises are exporting goods via foreign supermarket chains.  

Beaten on home soil

 While Vietnamese goods find it hard to penetrate the ASEAN market, other countries in the AEC have quickly managed to take advantage of tax cuts to boost their exports to Vietnam. 

Vietnam firms yet to come to terms with AEC

 VietNamNet Bridge – A year after the ASEAN Economic Community (AEC) was established, creating a huge market of over 622 million people with a market value of more than US$2.6 trillion, two experts give Viet Nam News a mixed review.

ASEAN bloc investments booming, VN among best destinations

VietNamNet Bridge - Economic groups and corporations from ASEAN countries, including Vietnamese businesses, are pouring big money into neighboring countries. 

Vietnam’s jewelers struggle to penetrate ASEAN market

VietNamNet Bridge - Though the ASEAN jewelry market is large, Vietnamese companies are struggling to enter the market worth billions of dollars.

Vietnamese goods lose ground in regional market

VietNamNet Bridge - Many Vietnamese-made products have become inferior to imports, while others cannot penetrate regional markets.

Large M&A deal could change Vietnam’s sugar industry

HAGL has finally confirmed that it is negotiating with Thanh Thanh Cong (TTC) on the transfer of its sugar mill in Laos to TTC. 

How has the ‘new tiger’ Vietnam fared in the AEC?

VietNamNet Bridge - It is still too early to say how the ASEAN Economic Community (AEC) has affected Vietnam's economy. In the last eight months, since the AEC took shape, Vietnam has encountered many difficulties.

Thai ‘borrow’ Vietnamese brands, raising concerns among manufacturers

VietNamNet Bridge - Experts have warned that as Vietnam is now part of the ASEAN Economic Community (AEC), it faces a higher risk of local brands being stolen.

Vietnamese goods still cannot penetrate ASEAN market

Seven months after the ASEAN Economic Community (AEC) was officially established, the Vietnamese market is flooded with Thai and Malaysian goods. But Vietnamese goods are still largely absent from the ASEAN market.

Work to do

Up-skilling the workforce is seen as key to improving Vietnam's workplace competitiveness during integration into the ASEAN Economic Community.

Thai firms regard VN as top investment spot

VietNamNet Bridge – Thailand's investments in Viet Nam have jumped in the past five years, fuelled by opportunities arising from the formation of the ASEAN Economic Community (AEC) and the impending Trans-Pacific Partnership.

BUSINESS IN BRIEF 18/5

 Insurance industry encouraged to make preparations for TPP, AEC, Credit policies enable sustainable coffee development, EVN assures power supplies amid prolonged drought, CIEM: economic growth to post 6.17 percent in QII