TPP

Update news TPP

Experts: Vietnam needs reform for growth

VietNamNet Bridge – Economic experts have underscored the need for Vietnam to speed up reform to fuel economic growth and well ingrate into the world economy. 

Vietnamese fashion brands warned about more competitive future

When import tariffs on fashion products fall from 20 percent to zero percent after the Trans Pacific Partnership Agreement (TPP) takes effect, Vietnamese fashion brands are expected to encounter significant challenges.

Post TPP outlook bright for VN economy: experts

 VietNamNet Bridge – A brighter outlook is forecast for the Vietnamese economy this year and the following years amid difficulties and challenges, according to economic expert Nguyen Quynh Nga.

TPP may be officially signed on February 2

 The Trans-Pacific Partnership (TPP) may be signed on February 4 in New Zealand, according to Ms. Nguyen Quynh Nga, Deputy Director of the Multilateral Trade Policy Department of the Ministry of Industry and Trade.

Prospects for Vietnam-US economic, education cooperation

 VietNamNet Bridge – Prospects for cooperation in economics and education between Vietnam and the US following the Trans-Pacific Partnership (TPP) agreement were highlighted at a workshop in Ho Chi Minh City on January 14.

Vietnam to benefit mostly from TPP by 2030: WBG report

 The Trans-Pacific Partnership agreement will provide economic impetus predominantly to Vietnam, Japan and Malaysia among other parties to the deal by 2030, according to a Global Economic Prospects by the World Bank Group.

VN needs production chain in agriculture

 VietNamNet Bridge – Vietnamese exporters of agricultural products must join global production chains if they are to take advantages of the opportunities of the Trans Pacific Partnership (TPP) free trade pact.

TPP to push VN firms to improve competitiveness

VietNamNet Bridge – The Trans-Pacific Partnership will push Viet Nam to complete its market orientation targets, and improve its business environment and competitive ability, delegates heard at a workshop held in HCM City.

Vietnamese agriculture - from BTA to TPP

 VietNamNet Bridge – Vietnam's joining in a series of bilateral and multilateral trade agreements, including the BTA, WTO, EVFTA and TPP, has opened up great opportunities for the entire economy to integrate deeper into the world,

Vietnamese enterprises have two years to prepare for FTAs

 Businesses in the agriculture sector, especially breeding, would be most vulnerable to the effects of Free Trade Agreements (FTAs) and Trans-Pacific Partnership (TPP) with bigger partners.

The ghost of the trade deficit returns

MOIT has estimated that the trade deficit may be as high as $4 billion in 2015. Meanwhile, the Hong Kong and Shanghai Banking Corporation (HSBC) has predicted the figure would be higher than $6 billion, far outstripping last year’s $0.6 billion.

Vietnam chooses to be co-founder of new global trade rules

 Vietnam has chosen to become a founding member of a new global set of trade rules by joining in the Trans-Pacific Partnership (TPP) agreement, Japanese Minister of State for Economic and Fiscal Policy Akira Amari said.

Foreign associations concerned about Vietnam visa policy

 VietNamNet Bridge – Representatives of foreign business associations have expressed concern over Vietnam’s visa policy, claiming their member enterprises are having problems with short-stay visa and strict entry regulations.

Garment, textile exports to expand

 VietNamNet Bridge – The garment and textile sector expects its exports will grow an average of 11.5 per cent per year between now and 2020, the Viet Nam Textile and Apparel Association (Vitas) said last week.

BUSINESS IN BRIEF 1/12

 Debt of state-owned firms rising but within safe ratio, TPP, AEC seek increased growth in farming exports, Vietnam auto imports nearly double in 2015, Logistics upgrade a must to integrate, PM wants US$3 billion in unpaid taxes collected by year-end

ILO: Freedom of association a feature of modern market economies

A labor relations system based on freedom of association and the recognition of the collective bargaining right is a common feature of modern market economies as it helps create a better balance of power between workers and employers,

FDI may be double-edged sword

 VietNamNet Bridge – Vietnam has emerged as an attractive destination for foreign investors in recent years, and the country’s investment outlook will be even brighter once the landmark Trans-Pacific Partnership deal comes into force.

Restructuring leads to sad ending for many Vietnamese bankers

Some bankers have been sent to prison, while others have quietly left the market. Some have lost all of their money, while others have been toppled during the restructuring of the banking sector.

Import tax to be slashed on automobile spare parts

 VietNamNet Bridge – Import tax on auto spare parts and components may be down to zero per cent next year, two years before schedule in 2018, under the ASEAN Free Trade Agreement (FTA).

Electronics sector attractive to foreign backers

 VietNamNet Bridge – Viet Nam's electronic industry has attracted US$10 billion in foreign direct investment (FDI) capital from big names like Samsung, Foxconn, LG, Panasonic and Intel,