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Update news WTO
The head of the World Trade Organisation (WTO) has said global free trade is facing its "worst crisis" since 1947.
VietNamNet Bridge - Economists have warned that the Vietnam economy will “bear a lot of damage from the US-China trade war”.
VietNamNet Bridge - Sugar companies have once again shouted for help as the volume of inventory is increasing rapidly, while the domestic market is flooded with smuggled sugar.
VietNamNet Bridge - With protectionism pursued by the Trump administration, Vietnam’s exports, especially seafood and steel, to the US will face challenges in the time to come.
Dr Mai Liem Truc, former deputy minister of Post and Communications, talks to the newspaper Nong thon ngay nay (Countryside Today) about the need to finalise the draft Law on Cyber Security.
While US President Donald Trump has promoted bilateral trade, condemning inequalities in multilateral relations, Chinese President Xi Jinping has said that globalization is an irreversible trend.
As Vietnamese favor foreign-made products and are willing to pay more for products they like, international express delivery firms see Vietnam as a fertile land for their business.
Officials from member economies of the Asia-Pacific Economic Cooperation (APEC) forum have highlighted the benefits of establishing competition chapters in free trade agreements (FTAs) and Economic Partnership Agreements (EPAs).
Vietnamese petroleum companies have enough time to build facilities and develop networks to prepare for competition with foreign distributors once Vietnam opens the petroleum market, experts say.
Mr. Pascal Lamy, formerly the Director General of the WTO, tells VET that Vietnam is the greatest beneficiary of globalization and needs to take advantage of human resources in the years to come to stay abreast of the fourth industrial revolution.
VietNamNet Bridge - While foreign experts say that Vietnam gained more than it lost after joining the World Trade Organization (WTO), some Vietnamese experts say the opposite.
VietNamNet Bridge - Vietnam will have to pay a heavy price if its products continue to be associated with Chinese, economists have warned.
VietNamNet Bridge - Many Vietnamese businesses have spent big money to build up their brands to conquer the home market, despite the popularity of Chinese cheap products here.
If the Trans Pacific Partnership (TPP) agreement fails, Vietnam will miss an opportunity which can help it boost growth, but this would not have a negative impact on the national economy, analysts say.
VietNamNet Bridge - US President-elect Donald Trump is opposed to the Trans Pacific Partnership (TPP) trade agreement. Will this affect Vietnam’s textile and garment exports to the US?
The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States.
VietNamNet Bridge - Vietnamese agricultural enterprises are losing opportunities to export food, facing big challenges in the domestic market because of imports.
Vietnam’s engagement in the Trans-Pacific Partnership (TPP) will better protect its workers by addressing issues relating to strikes, said an expert.
Improving enforcement of intellectual property (IP) rights is now high on the Government’s agenda as part of its efforts to uphold international IP commitments, especially those in the Trans-Pacific Partnership (TPP) trade agreement.
VietNamNet Bridge - Taking losses in business, wasting money and incurring trillions of dong debts, some ‘seafood kings’ in Mekong River Delta have fallen from their pinnacle of prosperity into insolvency.