An estimated 48 million people (1 in 6 Americans) get sick each year from foodborne diseases, according to recent data from the U.S. Centers for Disease Control and Prevention. Approximately 128,000 are hospitalized, and 3,000 die each year. Over the past few years, high-profile outbreaks related to various foods, from spinach to peanut products, have underscored the need to make continuous improvements in food safety. Read more
It will take up to two years for the Trans-Pacific Partnership (TPP), which was reached after five years of talks by 12 countries in Atlanta on Monday, to be ratified in Vietnam, the lead Vietnamese negotiator of the trade deal said. “Other countries also pledge to provide technical assistance to Vietnam in fulfilling its commitment,” he added. Read more
A Standard Chartered Bank study highlighted the fact that increasingly-competitive Vietnam is now the “best choice” for China-based investors who want to relocate their production base. But the exodus may be delayed by Vietnam’s restrictions on imports of used machinery and equipment. Read more
“Vietnam has always focused on protecting items related to agriculture,” MoIT Minister Vu Huy Hoang said. “As a result, if we take prudent steps, we should not be afraid of the AEC.”
Minister Hoang also said Vietnam has always had a clear roadmap, especially in terms of sensitive goods of which domestic production capability is limited, so that the country will have a certain period for the local production sector to improve its capacities and increase market share later. Read more
Senior government and business leaders from ASEAN gathered at the World Economic Forum (WEF) annual meeting in Davos to discuss the state of the global economy and map the key transformations reshaping the world. A significant focus of the discussions was on ASEAN, where government and business leaders evaluated whether the region is on the right track towards achieving ASEAN Economic Community (AEC) 2015. Read more
Singapore played host to the 2nd ASEAN Business Club (ABC) Forum, Sep 8-9, 2014, which was attended by over 300 CEOs and senior business leaders throughout the South East Asia region.
This year’s forum included a new focus on the Food & Beverage Sector thanks to input from joint research partners, FIA and the ASEAN Food and Beverage Alliance (AFBA). This sector-focussed dialogue was led by Pushpanathan Sundram, special Advisor to AFBA, Hendro Poedjono, FIA Lead Representative for AFBA and Sunny Koh, AFBA Chairman for Singapore, who all participated in the Food and Beverage Roundtable. Read more
Global production of FDA-regulated products has quadrupled over the last decade and continues to grow. Today, FDA-regulated products originate from more than 150 countries, 130,000 importers and 300,000 foreign facilities. Fifty percent of fresh fruits, 20 percent of vegetables, and 80 percent of seafood consumed in America comes from abroad. Similarly, 40 percent of finished drugs come from overseas, and 80 percent of active ingredients manufacturers are located outside the US. Further, half of all medical devices are imported. The growth in imports has been rapid and promises to accelerate. As our world transforms and becomes increasingly globalized, it is vital that we come together as a global community – in new, unprecedented, and even unexpected ways – to build a public health safety net for consumers around the world. Read more
Vietnamese litchi and longan will be allowed to be sold in the U.S. starting in October, following an amended regulation from the Animal and Plant Health Inspection Service (APHIS).
The APHIS, an agency of the United States Department of Agriculture (USDA) responsible for protecting animal and plant health, has amended the “fruits and vegetables regulations to allow the importation of litchi and longan fruit from Vietnam into the continental United States,” according to a document published in the Federal Register on Thursday. Read more
Viet Nam’s policy-makers may reconsider a proposal to impose a 10% excise tax on carbonated soft drinks.
A draft amendment by the Ministry of Finance to the Excise Tax Law included carbonated soft drinks in a list of products subject to the tax. The ministry claimed that “as these drinks posed a health risk, the tax would help prevent the risk and substantially increase government revenue.”
Deputy Head of Viet Nam Food Association, the Ministry of Health Nguyen Hung Long, said that carbon dioxide, preservatives, sweeteners and food colorants in carbonated drinks were already tested by the FAO/WHO Codex Committee. These food additives were proven not to cause health risks if the use of additives followed Codex standards.