VietNamNet Bridge – The future of the Trans-Pacific Partnership Agreement (TPP) is in doubt after Donald Trump won the US presidency.

VietNamNet Bridge - While foreign investors flock to Vietnam, many textile projects developed by Vietnamese investors have failed, raising concerns about the future of Vietnam’s textile & garment industry.

VietNamNet Bridge - Donald Trump’s winning the US presidential election is expected to ‘put an end’ to the Trans-Pacific Partnership Agreement (TPP).

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

VietNamNet Bridge - Unlike two years ago, when Vietnam witnessed a wave of foreign direct investment (FDI) in textile & garment projects, the capital flow into the sector has slowed down.

2016 is expected to be the most difficult year in the last decade for Vietnam’s textile and garment industry. While waiting for preferential tariffs to be offered by the TPP, Vietnamese companies are seeing orders ‘flee’ to other countries.

VietNamNet Bridge - The decrease in orders from foreign partners has dealt a strong blow not only to small textile & garment companies but also to big players in the market.

A number of foreign cable and wire companies are planning expansion in Vietnam in order to take advantage of the growing local and Southeast Asian demand.

While the Trans Pacific Partnership (TPP) Agreement will be ratified by the Vietnamese legislature in 2016, the agreement ratification process is not going smoothly in the US as the two US presidential candidates do not support the agreement.

Vietnam’s engagement in the Trans-Pacific Partnership (TPP) will better protect its workers by addressing issues relating to strikes, said an expert.

Footwear is a big industry of Vietnam, considered a ‘foreign currency earner’ thanks to high exports every year.  

VietNamNet Bridge - The live streaming market has become competitive with the presence of many platforms and apps on mobile phones provided by international players and domestic firms.

Vietnam should change regulations in the Investment Law and Business Law as soon as possible to remove barriers in trading and investments, heard attendants at a conference held in Hanoi August 11.

VnExpress, an online newspaper, has opened an online shop to sell iPhones, while The Gioi Di Dong, a mobile phone distribution chain, has decided to sell vegetable and meat. 

VietNamNet Bridge - Experts have urged the Ministry of Industry and Trade to reform its administrative structure as it now takes on too much work that is outside its purview. 

VietNamNet Bridge - Mobile phones with QWERTY keyboards have gradually disappeared from the Vietnamese market as manufacturers have stopped making the products and customers are no longer interested in them.

VietNamNet Bridge - Wind-power projects, which require high investment capital, remain unpopular as EVN pays a low rate for electrical power. 

VietNamNet Bridge - More Vietnamese startups have received huge investments from foreign investors in recent months.

VietNamNet Bridge - Vietnam is expected to have 1 million businesses by 2020 as targeted by the government, but economists warn that companies won’t be able to grow in a stifling business environment.

Analysts have noted a growing tendency that computer manufacturers are trying to provide products serving specific needs of hi-tech fans.