Review Category : Top News

AAFA brings together industry leaders to educate factories and suppliers in Vietnam.

Industry leaders will educate factories and suppliers in Vietnam on the critical components of manufacturing and delivering products that meet global regulations, industry compliance, and consumer demand. The conference will be presented in English with full translation.

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After an 18-month transition period, full enforcement of USDA inspection of siluriformes fish, including catfish will begin on Sep 1, 2017. According to some Vietnam news reports, “the change will have potentially disastrous consequences for Vietnam catfish producers, because while the FDA does spot checks on a small sample of imports as they arrive, the USDA requires on-site inspections of production facilities. For countries like Vietnam, setting up an equivalent system could take years and effectively cripple the industry.”

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President Donald Trump and Chinese President Xi Jinping established a new framework for high-level negotiations on a range of issues and pledged to make progress on trade negotiations within the next 100 days during meetings here Thursday and Friday, top US officials said. China Daily said both parties appeared “equally enthusiastic about the constructive relationship they have promised to cultivate.” 

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along the lines of Senate Finance Committee Chairman Hatch’s recommendation.

Senator Hatch said the Trans-Pacific Partnership can be ratified under President Trump even if it begins as a bilateral deal with Japan, emphasizing that his plan would be in accord with Trump’s pledge to pursue fair, bilateral trade deals instead of larger regional ones.

“I think if we could sign up with Japan we’d get a lot of other countries too,” he said. “I mean the real problem here has been Australia and they’ve acted reprehensibly in my eyes, although I’m sure they feel that from their standpoint they’re doing what’s right.”

Asked how he plans to persuade Trump to reconsider his stance on the Asia-Pacific deal, Hatch said, “well, I’m fairly persuasive sometimes.”

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Relief in Japan After Shinzo Abe’s Visit With Trump, NY Times, Feb 13, 2017

in a Kyodo News poll taken after the meeting, 70 percent of the Japanese public said they were satisfied with the talks between the two leaders, and Mr. Abe’s approval ratings rose slightly from a month earlier to close to 62 percent.

“In a basic sense, Prime Minister Abe got almost everything he wanted,” said Fumiaki Kubo, a professor of political science at the University of Tokyo. Mr. Trump’s statements in a joint news conference with Mr. Abe were “totally different from what he has been saying about Japan since the 1980s,” Mr. Kubo said. “That is surprising as well as remarkable. In a sense he showed us, including the American public, that he is capable of changing his position on such an important issue as Japan.”

Mr. Trump, who as a candidate and president-elect assailed Japan as one of the countries that “do not pay us’’ for defense and repeatedly called for an “America First” economy, ended up thanking the people of Japan for hosting United States troops and called for a trading relationship “that is free, fair and reciprocal, benefiting both of our countries.”

Perhaps most significant to the Japanese, Mr. Trump promised that the United States was “committed to the security of Japan and all areas under its administrative control,” a reference to the American guarantee to defend Japan in any confrontation with China over disputed islands, known in Japan as the Senkaku and in China as the Diaoyu, in the East China Sea.

The remarks drew swift criticism from China, where an editorial in the overseas edition of People’s Daily, an official newspaper of the Communist Party, said Mr. Abe had made a “fetish” of Japan’s alliance with the United States.

In Welcoming Shinzo Abe, Trump Affirms U.S. Commitment to Defending Japan, NY Times, Feb 10, 2017

“The bond between our two nations and the friendship between our two peoples runs very, very deep,” Mr. Trump said at a news conference with Mr. Abe, reading from a prepared text. “This administration is committed to bringing those ties even closer. We are committed to the security of Japan and all areas under its administrative control and to further strengthening our very crucial alliance.”

Among the topics of discussion during Mr. Abe’s weekend visit will be whether, and how, to pursue a bilateral trade agreement between the United States and Japan after Mr. Trump’s decision to withdraw from the Trans-Pacific Partnership, a sweeping trade deal between the United States and 11 nations that included Japan.

 

 

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ExxonMobil signed two agreements January 13 relating to the Ca Voi Xanh (Blue Whale) gas project offshore Vietnam. The project could fuel at least four power plants shortly after scheduled first gas in 2023. “The Ca Voi Xanh field is located about 80 km offshore central Vietnam and is an important natural gas discovery in Vietnam that has the potential to fuel the country’s economic growth.”

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Thanks to robust domestic demand and export-oriented manufacturing, Vietnam’s medium-term outlook remains favorable, with GDP expected to expand by 6% this year. Vietnam’s growth was accompanied by low inflation and widening current account surplus. Risks that could adversely affect medium term prospects include continuing delays in implementation of structural and fiscal reforms.

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