Garment and textile sector to face huge challenge Business

Garment and textile sector to face huge challenge

The garment and textile sector was forecast to suffer the most from goods origin regulations under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said Bui Kim Thuy, the country representative for Vietnam at the US-ASEAN Business Council.
Mekong Delta firms urged to sell to Japan Business

Mekong Delta firms urged to sell to Japan

Mekong Delta firms should make use of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to do more business with Japan, experts told a conference in Can Tho city.
Businesses advised to practise social responsibility Business

Businesses advised to practise social responsibility

Ensuring corporate social responsibility (CSR) and responsible business conduct (RBC) are important factors in promoting the sustainable development of businesses in the light of global economic integration, heard a seminar in Ho Chi Minh City on January 15.
Breakthroughs needed in 2019: minister Business

Breakthroughs needed in 2019: minister

Vietnam should create breakthroughs in 2019 to complete the 2016-2020 socio-economic development plan and create a foundation for the next five years, Minister of Planning and Investment Nguyen Chi Dung has said.
CPTPP officially comes into force in Vietnam Business

CPTPP officially comes into force in Vietnam

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially came into force in Vietnam on January 14, promising to open up opportunities for many industries to boost exports, but also posing challenges for businesses which require them to devise long-term strategies to increase their competitiveness in the global market.
Young workers need preparation: experts Society

Young workers need preparation: experts

Young people in the workforce need to be better prepared for competing in a knowledge-based economy, experts said at a conference held in Ho Chi Minh City on January 11.
CPTPP to raise national GDP by 1.3 percent: official Business

CPTPP to raise national GDP by 1.3 percent: official

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to help raise Vietnam’s gross domestic product (GDP) by 1.3 percent, according to an official of the Ministry of Planning and Investment (MPI).
Various measures to be taken to promote trade in 2019 Business

Various measures to be taken to promote trade in 2019

The Ministry of Industry and Trade (MoIT) will continue its efforts to achieve the National Assembly’s target of total export turnover growing from 7-8 percent and trade deficit being kept at below 3 percent, Minister Tran Tuan Anh has said.
CPTPP provides driver of institutional reform Business

CPTPP provides driver of institutional reform

The CPTPP, which officially came into force on December 30, 2018, is expected to provide a push for Vietnam to reform its economic institutions and further improve the business climate to optimize opportunities brought by the deal.
FDI firms expand local textile-garment sector to maximise on CPTPP Business

FDI firms expand local textile-garment sector to maximise on CPTPP

Vietnam has become increasingly appealing to large foreign investor groups in the textile and garment industry who want to seize opportunities before the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect in January next year, according to analysts.
Mexico to face fierce competition from Vietnam: Mexican economists Business

Mexico to face fierce competition from Vietnam: Mexican economists

Mexican economists have shared the view that once the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect, Mexico will have to face fierce competition from Vietnam in many sectors, such as garments and textiles, leather and footwear, and electronic equipment.