APEC economies target good regulatory practices

Le Dinh Quang from the Vietnam Labor Federation confirmed the tendency of dismissing workers over 35, though there are no official statistics. Most of the dismissed are workers at enterprises which use high number of workers. The jobs don’t require high technical skills and enterprises can quickly train new workers. Firms cite their health and lack of ability to adapt well to new technologies. The average age of Vietnamese workers in enterprises is 31.2. The figures are lower in some industries, such as electronics (26.9), textile & garment (29.5), processing & manufacturing (30.9).  The average length of employment is 6.7 years, according to a report of the Institute of Workers and Trade Union. A labor expert said that the massive layoff of workers aged over 35 is the inevitable consequence of the policy of attracting investment in labor-intensive industries and businesses based on intensive use of natural resources.  When labor and other costs increase, investors will cut costs through certain measures. Employers, when recruiting workers, tend to choose those aged 15-18 and will not accept workers who are over 35 years old. They plead low demand, renovation of technology or changes in business location to terminate labor contracts with workers who are over 35. In some cases, lay off workers without stating any reason. A survey by the Vietnam Labor Federation found that after dismissal, 43.1% of workers became freelancers, 17.2% traders, 15.3% houseworkers, 13.3% workers in rice fields…... [read more]

NDO/VNA – Promoting trade and investment, and reforming the investment climate in APEC member economies, were discussed at a meeting of the Investment Experts’ Group (IEG) in Ho Chi Minh City on August 21, within the framework of the third APEC Senior Officials’ Meeting. The two-day meeting held under the aegis of the Committee of Trade and Investment saw the presence of officials from 21 APEC members and experts from international organisations. IEG Convener Maxim Berdichevsky said one of the big topics is the examination of the next generations’ trade investment issues, which have been identified by APEC members as a matter for the future. “We want to make it easy for investors to move their capital within the region in order to optimise the supply chain and investment,” he told reporters. At the meeting, delegates also debated the latest domestic investment policy approaches to improving the investment climate. Australia proposed the exchange of experience related to foreign investment with a particular focus on engagement with internal (business, Government, and wider community) and external (investors, foreign governments) stake holders. The country shared its experience in developing a whole-of-government community strategy. Japan talked about its review of multi-year plans for infrastructure development and investment. Other issues on infrastructure investment, an investment facilitation action plan, investment policy dialogue, and public private partnership were discussed at the meeting. Thai Thu Phuong, IEG Vice Chair, said the meeting provides a good chance for Vietnam to learn from other members, especially regarding issues related to…... [read more]

NDO/VNA – Promoting trade and investment, and reforming the investment climate in APEC member economies, were discussed at a meeting of the Investment Experts’ Group (IEG) in Ho Chi Minh City on August 21, within the framework of the third APEC Senior Officials’ Meeting. The two-day meeting held under the aegis of the Committee of Trade and Investment saw the presence of officials from 21 APEC members and experts from international organisations. IEG Convener Maxim Berdichevsky said one of the big topics is the examination of the next generations’ trade investment issues, which have been identified by APEC members as a matter for the future. “We want to make it easy for investors to move their capital within the region in order to optimise the supply chain and investment,” he told reporters. At the meeting, delegates also debated the latest domestic investment policy approaches to improving the investment climate. Australia proposed the exchange of experience related to foreign investment with a particular focus on engagement with internal (business, Government, and wider community) and external (investors, foreign governments) stake holders. The country shared its experience in developing a whole-of-government community strategy. Japan talked about its review of multi-year plans for infrastructure development and investment. Other issues on infrastructure investment, an investment facilitation action plan, investment policy dialogue, and public private partnership were discussed at the meeting. Thai Thu Phuong, IEG Vice Chair, said the meeting provides a good chance for Vietnam to learn from other members, especially regarding issues related to…... [read more]

Prime Minister Nguyen Xuan Phuc (L) welcomed by his Thai counterpart Prayuth Chan-o-cha (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc’s visit to Thailand was fruitful, with the two PMs discussing frankly cooperation in both bilateral and multilateral frameworks, stated Deputy Foreign Minister Dang Dinh Quy. During the visit from August 17-19, PM Phuc and his Thai counterpart Prayuth Chan-o-cha sought collaboration measures to build the ASEAN Community and maintain the association’s central role on the occasion of ASEAN’s 50th founding anniversary, as well as ways to strengthen bilateral cooperation within sub-regional programmes and projects. The two sides discussed long-lasting issues such as how to minimise conflicts at sea, illegal fishing and smuggling on each other’s waters, and illegal Vietnamese workers in Thailand. They agreed to accelerate negotiations on an agreement on criminal extradition and a treaty on mutual legal assistance, as well as the expansion of the treaty on labour as Thailand has high demand for labourers while Vietnam has a large supply. At the same time, the two PMs decided to set up mechanisms to settle existing problems with these incomplete agreements, thus avoiding further issues, said Deputy FM Quy. PM Phuc was also keen to boost economic partnerships with Thailand to balance trade and increase investment, especially in tourism, as the number of Thai tourists to Vietnam is one fourth of Vietnamese visitors to Thailand. The Government leader also met with businesses of both countries. During the visit, he…... [read more]

NDO/VNA – Member economies of the Asia-Pacific Economic Cooperation (APEC) have exchanged experience in emergency preparedness at a meeting in Ho Chi Minh City. The 12th meeting of the Emergency Preparedness Working Group, from August 21-22, is part of the third APEC Senior Officials’ Meeting (SOM 3). Addressing the opening ceremony, Tran Quang Hoai, head of the General Department for Natural Disasters Prevention and Control, under the Ministry of Agriculture and Rural Development, said since the beginning of this year, the APEC region has faced abnormal natural disasters, as well as challenges due to global climate change. Many types of natural disasters are posing threats to most countries worldwide, he said, noting that such natural disasters are increasing in both frequency and intensity, causing great losses and affecting production and business activities as well as public health. Therefore, it is necessary to intensify information exchange and take more drastic actions in order to minimise the occurrence of natural disasters within the region, he said. The official noted that natural disasters kill 300 people and cause losses worth more than US$1 billion each year in Vietnam, which has been listed as one of the countries worst affected by climate change. Many regions in Vietnam have faced serious riverbank and coastal landslides, and mountainous localities in the country have been hit by flooding, he said, stressing that natural disasters have left 100 people dead so far this year. Hoai called on the APEC economies to review regulations, work together to build a…... [read more]

NDO/VNA – Member economies of the Asia-Pacific Economic Cooperation (APEC) have exchanged experience in emergency preparedness at a meeting in Ho Chi Minh City. The 12th meeting of the Emergency Preparedness Working Group, from August 21-22, is part of the third APEC Senior Officials’ Meeting (SOM 3). Addressing the opening ceremony, Tran Quang Hoai, head of the General Department for Natural Disasters Prevention and Control, under the Ministry of Agriculture and Rural Development, said since the beginning of this year, the APEC region has faced abnormal natural disasters, as well as challenges due to global climate change. Many types of natural disasters are posing threats to most countries worldwide, he said, noting that such natural disasters are increasing in both frequency and intensity, causing great losses and affecting production and business activities as well as public health. Therefore, it is necessary to intensify information exchange and take more drastic actions in order to minimise the occurrence of natural disasters within the region, he said. The official noted that natural disasters kill 300 people and cause losses worth more than US$1 billion each year in Vietnam, which has been listed as one of the countries worst affected by climate change. Many regions in Vietnam have faced serious riverbank and coastal landslides, and mountainous localities in the country have been hit by flooding, he said, stressing that natural disasters have left 100 people dead so far this year. Hoai called on the APEC economies to review regulations, work together to build a…... [read more]

Thai rice for export. The Thai Ministry of Commerce is targeting emerging cities in ASEAN, China, India and Africa to increase its exports amid uncertainty for the global economy. (Photo: AFP/VNA) Bangkok (VNA) – The Thai Ministry of Commerce is targeting emerging cities in ASEAN, China, India and Africa to increase its exports amid uncertainty for the global economy. Deputy Director General of the International Trade Promotion Department under the Commerce Ministry Vannaporn Ketudat said that the new export market plan will help the country achieve its goal of 5 percent export growth this year. Thai shipments enjoyed a year-on-year surge of 7.8 percent in the first half of the year, however, global uncertainty and the baht’s appreciation could fan headwinds for exports. New markets in ASEAN include Hai Phong, Can Tho, Quang Ninh and Da Lat (Vietnam), Mandalay and Lawksawk (Myanmar), Siem Reap and Steung Teng (Cambodia) and Oudomxay (Laos). The Department plans to hold various trade activities to penetrate ASEAN markets like Thailand Week, mini-Thailand Week, Top Thai Brand Exhibition and business matching events for Thai and ASEAN traders. Meanwhile, it eyes Chengdu, Nanning, Wuhan, Chongqing, and Shenyang in China. India will have seven states as priorities, particularly in the northeast. They are Arunachal Pradesh, Manipur, Mizoram, Meghalaya, Tripura, Assam and Nagaland.-VNA... [read more]

Workers at the Phu Quy Wood Processing Plant in Dong Hoi City in the central province of Quang Binh. — VNA/VNS Photo Vu Sinh The first Viet Nam international woodworking machinery and wood material show (VIFA WOODMAC Vietnam 2017) will be held in Binh Duong Province from August 23-25. The show aims to help domestic woodworking firms to adopt advanced technologies and identify legal timber sources. Of the 109 firms manning 420 booths, 30 will be from Vietnamese provinces and cities, and the remaining 79 from 14 countries and territories including China, Hong Kong, Taiwan, Austria, Canada, France, Germany, Italy, Poland, Singapore, Switzerland and Turkey, said Huynh Van Hanh, general director of HAWA Corporation, one of the event’s organisers. Firms exhibiting machinery will account for 53 per cent of total exhibitors, followed by wood materials (23 per cent), accessories for the woodworking industry (17 per cent ) and services (7 per cent), Hanh said at a recent press briefing in HCM City. Explaining the choice of the exhibition place Hanh said: “Binh Duong is home to many industrial parks and the largest woodworking centre in the South as well as in the whole country. “Therefore, it is the most convenient and ideal place to organise such a fair, serving woodworking industry in the region as well as in the country,” he said. The fair will be a place for manufactures, importers, distributors and traders of machinery and wood materials to connect…... [read more]

Workers at the Phu Quy Wood Processing Plant in Dong Hoi City in the central province of Quang Binh. — VNA/VNS Photo Vu Sinh The first Viet Nam international woodworking machinery and wood material show (VIFA WOODMAC Vietnam 2017) will be held in Binh Duong Province from August 23-25. The show aims to help domestic woodworking firms to adopt advanced technologies and identify legal timber sources. Of the 109 firms manning 420 booths, 30 will be from Vietnamese provinces and cities, and the remaining 79 from 14 countries and territories including China, Hong Kong, Taiwan, Austria, Canada, France, Germany, Italy, Poland, Singapore, Switzerland and Turkey, said Huynh Van Hanh, general director of HAWA Corporation, one of the event’s organisers. Firms exhibiting machinery will account for 53 per cent of total exhibitors, followed by wood materials (23 per cent), accessories for the woodworking industry (17 per cent ) and services (7 per cent), Hanh said at a recent press briefing in HCM City. Explaining the choice of the exhibition place Hanh said: “Binh Duong is home to many industrial parks and the largest woodworking centre in the South as well as in the whole country. “Therefore, it is the most convenient and ideal place to organise such a fair, serving woodworking industry in the region as well as in the country,” he said. The fair will be a place for manufactures, importers, distributors and traders of machinery and wood materials to connect…... [read more]

NDO - A new mountain road tunnel opened to traffic on August 21, helping to reduce the travel time through the Deo Ca Pass between Phu Yen and Khanh Hoa provinces from 60 minutes to just ten minutes. The 4.1 kilometre long Deo Ca Tunnel is part of a 13-kilometre long road project, which also includes another tunnel, Co Ma, which is 500 metres in length and opened to traffic in 2015. The tunnel consists of two tubes, each featuring two lanes and allows for a maximum speed of 80 kilometres per hour. The toll for using the tunnel will be free until the end of September 2 and range from VND60,000 (US$2.64) to VND288,000 (US$12.67), depending on the type of vehicle, following the free period. Only automobiles are allowed through the Deo Ca Tunnel and the operator, Deo Ca Investment JSC, is considering offering a service in which trucks will be used to transport motorbikes through the tunnel. The company stated that the tunnel was originally planned to be 5.7 kilometres long and cost VND15.6 trillion (US$686.4) but it has been rerouted to be 4.1 kilometre long at a reduced cost of VND11.3 trillion (US$497.2 million). Deputy Transport Minister Le Dinh Tho said that the tunnel will reduce the distance between Phu Yen and Khanh Hoa provinces by 9 kilometres and travel time by 50 minutes, compared with travelling on the Deo Ca Pass, which is dangerous during the rainy and typhoon season. The Deo Ca Tunnel is the…... [read more]




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