TFA could reduce Vietnam’s trade costs by 20%, according to the World Trade Organization, more than any Free Trade Agreement tariff reductions. 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
HA NOI (VNS) — Viet Nam is seeking to improve its business environment, which has also been recognised by the Government as a vital task for ensuring economic growth and competitiveness in the economy.
As part of the effort, the Central Institute for Economic Management (CIEM) and the United States Agency for International Development (USAID) jointly held a conference on Mar 12 to discuss measures to implement the Government’s Resolution and enhance the country’s ease of doing business index, which is ranked by the World Bank. Read more
HA NOI (VNS) — The Prime Minister will focus on improving the business environment and strengthening the economy’s ability to compete in 2015 and 2016.
Key areas of a Government resolution released yesterday include pushing for reforms to reduce time-consuming and wasteful administrative procedures, enhancing governmental offices’ transparency and accountability, and adopting regulations that are in accordance with international rules. Read more
The signing ceremony for the USAID-VCCI-AmCham MOU to establish the VTFA received wide media coverage. Many reports were in government web-sites, as well as the press. Read more
The United States Agency for International Development (USAID), the American Chamber of Commerce in Vietnam, represented by its Ho Chi Minh City Chapter, (AmCham), the Vietnam Chamber of Commerce and Industry (VCCI) signed a Memorandum of Understanding (MOU) to support the establishment of the Vietnam Trade Facilitation Alliance (VTFA). The MOU was witnessed by representatives of leading business associations, including VITAS (Vietnam Textile and Apparel Association), LEFASO (Vietnam Leather, Footwear, and Handbag Association), HAWA (Handicraft and Wood Industry Association of HCM City), and LBC (Leading Business Club). Read more
It will help countries reform their trade facilitation practices in a manner consistent with the main components of the new WTO Trade Facilitation Agreement (TFA), signed in Bali, December 2013.
The Program will focus on the effective implementation of trade facilitation reforms in developing countries to enhance private sector competitiveness, thus leading to increased trade, investments and job creation. Read more
Secretary of State John Kerry announced a technical assistance program for Vietnam to help implement the TPP Commitments during his visit to Vietnam Dec 14-16, “And today, I am happy to announce USAID’s Governance for Inclusive Growth. It’s a program to help implement the Trans-Pacific Partnership. This is not aid. I want to make that clear. This is an investment, and it’s an investment in broad-based and sustainable growth.” Secretary of State John Kerry, Dec 14, 2013 in Ho Chi Minh City.
On Jan 14, USAID signaled its robust support for the U.S.-Vietnam Comprehensive Partnership with an event to launch its Country Development Cooperation Strategy (CDCS), which outlines the USAID’s development assistance program in Vietnam from 2014 through 2018. At the event, USAID signed a memorandum of understanding with the Ministry of Justice to officially begin USAID’s new “Governance for Inclusive Growth” program. Read more