News

• The mystic trade act drags on

  January 24, 2015

  – Tremendous efforts failed to turn the Trans-Pacific Partnership Agreement (TPP) into reality in 2014, and its conclusion is now set for the new year. Latest information shows that negotiators may begin reconsidering legal aspects of the chapters already fully discussed before reaching the consensus on a joint agreement.
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• MPI drafts law to prop up struggling private sector

  January 24, 2015

  – The Government is taking steps to create a more favorable environment for the development of the private sector which is still struggling hard to survive the economic hardship.
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• Firms urged to prepare for AEC

  January 23, 2015

  – HA NOI – Vietnamese firms have been urged to take initiative and prepare for participation in the ASEAN Economic Community (AEC), which is expected to be formed by the end of this year.
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• Awareness key to ASEAN integration

  January 9, 2015

  – HA NOI — ASEAN member countries’ ambassadors vowed on January 8, 2015 in Viet Nam to increase their citizens’ awareness about ASEAN, as the deadline for creating an integrated community drew near.

  The ambassadors gathered at a forum held by the Ministry of Foreign Affairs to talk about preparing for integration into the ASEAN Community. They agreed that ASEAN integration would mean nothing if the countries’ people did not also see the benefits, in terms of labor, free flow of goods and reduced administrative procedures.
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• The Adaptation Imperative

  January 8, 2015

  – NAIROBI – In the run-up to the recent United Nations meeting on climate change in Lima, Peru, much of the world’s attention focused on how strongly countries would commit to a framework for cutting greenhouse-gas emissions. Governments’ commitment to such a framework, after all, is vital to ensure that the agreement to be signed in Paris in December will keep global temperatures from rising more than 2º Celsius above pre-industrial levels.
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• Asia antitrust watchdogs get tough, dish out record penalties

  January 8, 2015

  – Antitrust penalties rose to a record in Asia last year as watchdogs got tough on cartels and bid-rigging, emboldened by maturing competition laws across the region and growing government clampdowns on corruption.
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• US fines Japanese shipper NYK for price fixing

  December 30, 2014

  – The US justice authorities fined Japanese shipper NYK $59.4 million for conspiring with other companies to fix the prices of transporting cars to and from the United States.

  “NYK conspired to suppress and eliminate competition by allocating customers and routes, rigging bids and fixing prices for the sale of international ocean shipments of roll-on, roll-off cargo to and from the United States and elsewhere,” the Department of Justice said on December 29, 2014.
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• The multiple effects of FTAs

  December 27, 2014

  – The Vietnam Business Forum 2014 (VBF 2014) held earlier this month in Hanoi was centered around the theme “Entrepreneurship for New Trade Agreements,” which offered a chance to look back on the preparations of Vietnam for new integration opportunities.
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