Review Category : Top News

At a meeting in Haiphong on July 22, the council’s technical department proposed increases of 9.7-10.4%, 8.6%, and 7.1-8.3%. Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (Vitas), member of the council, stressed that the minimum wages should not go up in 2017 as textile and garment firms are now struggling with increasingly high input costs. “Textile and garment firms cannot expand investment and production if minimum wages are adjusted up again. This will lead to massive layoffs. Who will be responsible for this?” Giang said.

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In line with World Bank projections in a 2013 report, and down from 6.3% over the same period in 2014. The legal, business and investment environment must be improved to create favorable conditions for firms and investors, and boost economic growth. The World Bank report recommended focus on improving transport and trade logistics to benefit by joining global supply chains,  attracting more FDI, and implementing the Trade Facilitation Agreement, which is estimated to reduce Vietnam’s trade costs by 20%.

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Only 30% of consumers in Hanoi believe that foods with safety certificate are safe, according to Nguyen Thi Hong Minh, a former deputy agriculture minister. The proportion in Ho Chi Minh City is higher, at 70%. Test results can be “bought” while other certificates can be easily obtained without any food safety tests, she said.

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Cargill officially inaugurated an $8.5 million animal nutrition plant in Nam Cam Industrial Zone, Dong Nam Economic Zone, Nghe An, Vietnam. The new facility will provide animal feed for livestock and will have a total capacity of 66,000 tonnes per year. It will provide customers with safe, trusted feed that maximizes the performance of their operations, which helps improve food safety across Vietnam’s supply chain. 

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“Right now you have a president, a [Senate] majority leader and a speaker [of the House] who are all pro-trade; There is a pathway forward here,” USTR Michael B. Foman said in an interview, reflecting a seize-the-moment recognition of the changed lineup ahead. Whether that is wishful thinking or a real prospect will have to come into focus well before November because supporters would likely need to begin congressional hearings in September to clear the path for a vote in the lame-duck session of Congress after Election Day. [Photo: Representative Sander Levin and Ambassador Michael Froman]

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