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With TPA in Hand the U.S. Seeks to Push Vietnam to Reduce Reliance on Chinese Fabric - Vietnam Briefing News

With TPA in Hand the U.S. Seeks to Push Vietnam to Reduce Reliance on Chinese Fabric - Vietnam Briefing News | Asia and World News that Matters | Scoop.it
The United States Senate has recently passed a Trade Promotion Authority (TPA) bill that will greatly expand President Obama’s trade negotiating authority on trade agreements such as the Trans-Pacific Partnership (TPP). The TPA, also referred to as “fast-track”, will allow the President to negotiate free trade agreements and then submit them to Congress with no amendments or filibusters allowed, with only an up or down vote on the entirety of the trade deal. It is hoped that this measure will speed up the progress of the TPP.
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Vietnam Seeks to Shake up its Banking Industry through M&A and Increased Foreign Ownership - Vietnam Briefing News

Vietnam Seeks to Shake up its Banking Industry through M&A and Increased Foreign Ownership - Vietnam Briefing News | Asia and World News that Matters | Scoop.it
HCMC – Vietnam is continuing its struggle to reform its banking system and create a more attractive business environment for foreign investors. This will be achieved in part by changing the current limits on foreign ownership and encouraging mergers and acquisitions in its financial industry. Building a stable and competitive banking system is a key part to Vietnam becoming a global investment destination.
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Yarn Forward’s Effect on the Trans-Pacific Partnership and Vietnam - Vietnam Briefing News

Yarn Forward’s Effect on the Trans-Pacific Partnership and Vietnam - Vietnam Briefing News | Asia and World News that Matters | Scoop.it
Vietnam could be significantly affected by the TPP's “yarn forward” rule, requiring that only fabric produced from yarn made by a TPP country is duty-free.
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The Trans-Pacific Partnership (TPP), a United States led trade agreement involving twelve countries, is currently under negotiation. A key part of the proposed format of the TPP is a rule known as “yarn forward”. In essence, “yarn forward” would require that only fabric produced from yarn made by a TPP country would qualify for the trade agreement’s duty-free status. The rule is intended to ensure that the trade benefits of the TPP only apply to signatory countries rather than outside players such as China. However, the rule also has significant effects on signatory countries, such as Vietnam.

 

 

 

The Trans-Pacific Partnership (TPP), a United States led trade agreement involving twelve countries, is currently under negotiation. A key part of the proposed format of the TPP is a rule known as “yarn forward”. In essence, “yarn forward” would require that only fabric produced from yarn made by a TPP country would qualify for the trade agreement’s duty-free status. The rule is intended to ensure that the trade benefits of the TPP only apply to signatory countries rather than outside players such as China. However, the rule also has significant effects on signatory countries, such as Vietnam. - See more at: http://www.vietnam-briefing.com/news/yarn-forwards-effect-transpacific-partnership-vietnam.html/#sthash.JF6h9i4R.dpufThe Trans-Pacific Partnership (TPP), a United States led trade agreement involving twelve countries, is currently under negotiation. A key part of the proposed format of the TPP is a rule known as “yarn forward”. In essence, “yarn forward” would require that only fabric produced from yarn made by a TPP country would qualify for the trade agreement’s duty-free status. The rule is intended to ensure that the trade benefits of the TPP only apply to signatory countries rather than outside players such as China. However, the rule also has significant effects on signatory countries, such as Vietnam. - See more at: http://www.vietnam-briefing.com/news/yarn-forwards-effect-transpacific-partnership-vietnam.html/#sthash.JF6h9i4R.dpufThe Trans-Pacific Partnership (TPP), a United States led trade agreement involving twelve countries, is currently under negotiation. A key part of the proposed format of the TPP is a rule known as “yarn forward”. In essence, “yarn forward” would require that only fabric produced from yarn made by a TPP country would qualify for the trade agreement’s duty-free status. The rule is intended to ensure that the trade benefits of the TPP only apply to signatory countries rather than outside players such as China. However, the rule also has significant effects on signatory countries, such as Vietnam. - See more at: http://www.vietnam-briefing.com/news/yarn-forwards-effect-transpacific-partnership-vietnam.html/#sthash.JF6h9i4R.dpuf
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ASEAN Case Study: The Auto Industry and GM - ASEAN Business News

ASEAN Case Study: The Auto Industry and GM - ASEAN Business News | Asia and World News that Matters | Scoop.it
We delve into GM’s expansion into ASEAN and provide snapshots of their operations in a few key countries as well as explaining the attraction of the region.
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With the ASEAN Economic Community going into effect at the end of this year, many companies are now seriously considering moving their operations to the region. However, the question remains as to where in ASEAN to base your business. As such, it is helpful to consider corporations that have made the move to ASEAN in the past and to try and understand their reasons for doing so. Therefore, we delve into GM’s expansion into the region and provide snapshots of their operations in a few key countries. 

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Vietnam Leads Global Coffee Production Despite Lower 2015 Harvests - Vietnam Briefing News

Vietnam Leads Global Coffee Production Despite Lower 2015 Harvests - Vietnam Briefing News | Asia and World News that Matters | Scoop.it
Vietnam is the leading exporter of robusta coffee, earning US$3.62 billion in 2014. However, coffee crops are now at their lowest levels in many years.
Edward Barbour-Lacey's insight:

Vietnam now rivals Brazil in coffee production. The country is currently the world’s leading exporter of robusta coffee, earning US$3.62 billion from coffee exports in 2014. However, coffee crops in Vietnam are now at their lowest levels in many years. 

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How to Establish a Trading Company in Vietnam - Vietnam Briefing News

How to Establish a Trading Company in Vietnam - Vietnam Briefing News | Asia and World News that Matters | Scoop.it
We guide you through the processes involved with setting up a Vietnam trading company which can engage in import/export activities and domestic distribution
Edward Barbour-Lacey's insight:

If a business wishes to engage in import and export activities as well as domestic distribution (i.e., retail, wholesale, and franchising trade activities) in Vietnam, the most common method chosen is establishing a trading company.

Generally, a trading company is inexpensive to establish and can be of great assistance to foreign investors by combining both sourcing and quality control activities with purchasing and export facilities, thus providing more control and quicker reaction times compared to sourcing purely while based overseas.

- See more at: http://www.vietnam-briefing.com/news/establish-trading-company-vietnam.html/#sthash.1RuY7ALw.dpuf

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Indonesia Online: A Guide to E-commerce - ASEAN Business News

Indonesia Online: A Guide to E-commerce - ASEAN Business News | Asia and World News that Matters | Scoop.it
While currently, e-commerce only accounts for less than one percent (worth ~US$2 billion per year) of Indonesian retail spending, analysts believe that the country’s fast growing middle class and proliferation of smartphones will soon raise that share to eight percent (worth US$8 billion) in just a few years. If that scenario were to happen, then Indonesia’s e-commerce market would be the largest in Southeast Asia.
Edward Barbour-Lacey's insight:

Indonesia may finally be reaching a tipping point with regards to internet penetration and the size of it's middle class. As a result, e-commerce businesses should begin to see significant success and growth over the next few years. However, businesses must have a clear-eyed view of the difficulties they will face in this still developing nation.

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A Guide to Trade in Vietnam - New Issue of Vietnam Briefing - Vietnam Briefing News

A Guide to Trade in Vietnam - New Issue of Vietnam Briefing  - Vietnam Briefing News | Asia and World News that Matters | Scoop.it
The new issue of Vietnam Briefing magazine, entitled "Import and Export: A Guide to Trade in Vietnam", is out now and available as a complimentary download.
Edward Barbour-Lacey's insight:

In this issue of Vietnam Briefing Magazine, we provide you with a clear understanding of the current business trends related to trade in Vietnam, as well as explaining how to set up your trading business in the country. We also attempt to give perspective on what will be Vietnam’s place in the Association of Southeast Asian Nations (ASEAN) in 2015, and look at some of the country’s key import and export regulations. Finally, we analyze Vietnam’s important free trade agreements and its World Trade Organization obligations. 

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Setting Up a Foreign-Owned Travel Business In Vietnam and China - Vietnam Briefing News

Setting Up a Foreign-Owned Travel Business In Vietnam and China - Vietnam Briefing News | Asia and World News that Matters | Scoop.it
This article covers the regulations for forming a tourism company in Vietnam and China, and gives you a brief snapshot into each countries' tourism industry
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Tourism is big business throughout Asia. With its rising middle class, Chinese tourists are traveling throughout the region. Countries like Vietnam are seeing significant growth in their tourism industries.  As a result, more and more companies are looking to set up operations in the region. In this article we look at the regulations around setting up a tourism company in Vietnam and China, and give you a brief snapshot into each countries’ tourism industry. 

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A Foreign Investor's Guide to Understanding Intellectual Property in Vietnam - Vietnam Briefing News

A Foreign Investor's Guide to Understanding Intellectual Property in Vietnam - Vietnam Briefing News | Asia and World News that Matters | Scoop.it
A Foreign Investor’s Guide to Understanding Intellectual Property in Vietnam
Edward Barbour-Lacey's insight:

Intellectual property (IP) is a key concern for every business, no matter where they are operating. This is no less true in Vietnam – while the country has signed onto numerous IP conventions, there are still many reasons for foreign companies operating there to keep a close eye out for IP violations.  Therefore, it is crucial that foreign investors have a clear understanding of how IP operates in Vietnam and what possible recourses are available should they find themselves dealing with a violation of their property. 

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Key Steps for Setting Up a Business in Vietnam - Vietnam Briefing News

Key Steps for Setting Up a Business in Vietnam - Vietnam Briefing News | Asia and World News that Matters | Scoop.it
Establishing a business in Vietnam is not simple, there are a number of important steps that must be taken in order to ensure proper compliance with the country’s laws. Key among these processes are the acquiring of an Investment Certificate, charter capital, and establishing the correct management structure of the company.
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Vietnam to Raise Special Consumption Tax on Cigarettes, Beer, and Spirits | Vietnam Briefing News

Vietnam to Raise Special Consumption Tax on Cigarettes, Beer, and Spirits | Vietnam Briefing News | Asia and World News that Matters | Scoop.it
Vietnam to Raise Special Consumption Tax on Cigarettes, Beer, and Spirits
Edward Barbour-Lacey's insight:

Vietnam seems to be taking a much harder line against certain vices with the raising of its "sin taxes". Given the Vietnamese people's love for cigarettes and beer, one has to wonder just how popular the government will be once the tax starts hurting people's pocketbooks.

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A Guide to Understanding HR Trends in Vietnam | Vietnam Briefing News

A Guide to Understanding HR Trends in Vietnam | Vietnam Briefing News | Asia and World News that Matters | Scoop.it
Once a company has gone through all the legal procedures required for the establishment of their business in Vietnam, the next big hurdle is the process of actually hiring the staff that will be needed, and dealing with the associated payroll obligations. Hiring, and the associated legal obligations that go along with it, can be a confusing process. It is therefore strongly recommended that businesses take a careful look at all relevant regulation and engage a professional where appropriate to ensure proper compliance with all laws.
Edward Barbour-Lacey's insight:

Vietnam is seeing its workforce grow by leaps and bounds (along with its consumer class), however, hiring within the country is not without its problems. The government and private industry are attempting to quickly train workers, but it remains to be seen if this will be effective in the long-run. For the country to keep growing economically, it needs to keep moving up the value chain - which means having better trained/educated workers.

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Tech in Vietnam: Intel Increases its Investment - Vietnam Briefing News

Tech in Vietnam: Intel Increases its Investment - Vietnam Briefing News | Asia and World News that Matters | Scoop.it

Intel has announced that it will be moving more of its mature products to Vietnam due to the Southeast Asian country’s attractive business environment.

Edward Barbour-Lacey's insight:

Global computer chip manufacturer, Intel, has announced that it will be moving more of its mature products to Vietnam due to the Southeast Asian country’s lower labor costs. In this case, the company will be shutting down part of its current operations in Malaysia and moving those jobs to Ho Chi Minh City (HCMC) in Vietnam. China will also receive part of the manufacturing work. 

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Understanding Asia’s Golden Triangle

Understanding Asia’s Golden Triangle | Asia and World News that Matters | Scoop.it
Heroin, which is produced from opium, is one of the world’s most popular illicit drugs and a key component of the global drugs trade. While heroin itself is well-known, what may not be as well-known is where the drug originates. In this article we cover the Golden Triangle, the second largest opium-producing region in the world.
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The majority of the world’s heroin was produced in the Golden Triangle until the beginning of the 21st century when Afghanistan’s Golden Crescent moved into the top position. Law enforcement efforts in the late 1990’s had some effect on levels of production in the Golden Triangle, however these gains did not last. Since 2006, opium production in the region has tripled to an estimated worth of US$16.3 billion according to the United Nations (UN).

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Indonesia Struggles to Strengthen Weakening Rupiah - ASEAN Business News

Indonesia Struggles to Strengthen Weakening Rupiah - ASEAN Business News | Asia and World News that Matters | Scoop.it
Bank Indonesia has announced that it will hold the country’s key interest rate steady at 7.5%. The rupiah has strengthened 0.6%, the largest gain in 8 weeks
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Tuesday, March 17th, Indonesia’s central bank, Bank Indonesia, announced that it will hold the country’s key interest rate steady at 7.5 percent. The bank has chosen not to follow the recent regional trend of countries drastically cutting their borrowing costs.  Markets have so far met the news positively and the rupiah has strengthened 0.6 percent to 13,165 against the dollar – the largest gain in eight weeks. Indonesia’s government has been struggling to strengthen a rapidly weakening rupiah, the country’s currency. The rupiah is Asia’s worse performing currency against the U.S. dollar this year.

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Pigs to the slaughter: An end to Vietnam’s bloody festival? | Asian Correspondent

Pigs to the slaughter: An end to Vietnam’s bloody festival? | Asian Correspondent | Asia and World News that Matters | Scoop.it
February 24 once again saw the beginning of Vietnam’s controversial and bloody 'Pig Slaughter Festival'. Traditionalists have defended the history of the event, while animal rights activists and PR conscious government officials have demanded its end. Pictures of the event tend to be shocking, but the festival still draws large crowds, including children, who gather excitedly around the pigs and cheer on their deaths.
Edward Barbour-Lacey's insight:

February 24 once again saw the beginning of Vietnam’s controversial and bloody ‘Pig Slaughter Festival’. Traditionalists have defended the history of the event, while animal rights activists and PR conscious government officials have demanded its end. Pictures of the event tend to be shocking, but the festival still draws large crowds, including children, who gather excitedly around the pigs and cheer on their deaths.

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Understanding Vietnam's Import and Export Regulations - Vietnam Briefing News

Understanding Vietnam's Import and Export Regulations - Vietnam Briefing News | Asia and World News that Matters | Scoop.it
Once a company has set up a trading company within Vietnam, it is vital that its workers gain an understanding of the country's import/export regulations.
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Having a clear understanding of Vietnam's import and export regulations is vital for any trading company seeking to operate in this Southeast Asian country.

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An Introduction to Vietnam’s Import & Export Industries - Vietnam Briefing News

An Introduction to Vietnam’s Import & Export Industries - Vietnam Briefing News | Asia and World News that Matters | Scoop.it
With its rising costs, China is no longer the go to destination for many businesses, and Vietnam has arisen as a serious competitor. Recent trends show that the number of orders shifting from China to Vietnam has seen a significant increase. For example, China’s Pearl River Delta, long known as one of the key factory centers for the world’s manufacturers (particularly those from Hong Kong) has now become too costly for many companies to stay in the region.
Edward Barbour-Lacey's insight:

With its rising costs, China is no longer the go to destination for many businesses, and Vietnam has arisen as a serious competitor. Recent trends show that the number of orders shifting from China to Vietnam has seen a significant increase. For example, China’s Pearl River Delta, long known as one of the key factory centers for the world’s manufacturers (particularly those from Hong Kong) has now become too costly for many companies to stay in the region. 

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Vietnam's Growing Tech Capabilities Attract Foreign Investment - Vietnam Briefing News

Vietnam's Growing Tech Capabilities Attract Foreign Investment - Vietnam Briefing News | Asia and World News that Matters | Scoop.it
While Vietnam may be more well-known for its sizeable garment manufacturing capabilities, investors may be surprised to learn of the country’s growing technical expertise. High tech companies are starting to flow into the country as they seek to take advantage of the low-cost, young, fast learning, and rapidly expanding workforce.

In particular, many high tech companies are looking to escape worsening business conditions in places like China. These companies have begun moving their operations from the Asian giant due to such issues as rising wages and geopolitical tensions. Additionally, there is the perceived feeling that the country’s government is favoring local tech companies too much through its policies.
Edward Barbour-Lacey's insight:

While Vietnam may be more well-known for its sizeable garment manufacturing capabilities, investors may be surprised to learn of the country’s growing technical expertise. High tech companies are starting to flow into the country as they seek to take advantage of the low-cost, young, fast learning, and rapidly expanding workforce.

In particular, many high tech companies are looking to escape worsening business conditions in places like China. These companies have begun moving their operations from the Asian giant due to such issues as rising wages and geopolitical tensions. Additionally, there is the perceived feeling that the country’s government is favoring local tech companies too much through its policies.

 

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Why Vietnam? A Guide for U.S. Investors - Vietnam Briefing News

Why Vietnam? A Guide for U.S. Investors - Vietnam Briefing News | Asia and World News that Matters | Scoop.it
Vietnam is on track to become the largest supplier in ASEAN to the United States. With its growing role in supplying goods to the U.S., it’s time to take a look at why American companies should be interested in investing in Vietnam, if they’re not already there.
Edward Barbour-Lacey's insight:

Vietnam is on track to become the largest supplier in ASEAN to the United States. With its growing role in supplying goods to the U.S., it’s time to take a look at why American companies should be interested in investing in Vietnam, if they’re not already there. 

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Vietnam-U.S. Relationship Shows Continued Signs of Improvement, TPP Progressing - Vietnam Briefing News

Vietnam-U.S. Relationship Shows Continued Signs of Improvement, TPP Progressing - Vietnam Briefing News | Asia and World News that Matters | Scoop.it
HCMC – Recent high-level government meetings have confirmed that Vietnam and the United States are continuing to strengthen their bilateral relations.  Among the important agreements are trade deals such as the Trans-Pacific Partnership (TPP) and the removal of a US arms embargo.  In 2015, the two countries will celebrate their 20th anniversary of normalized bilateral relations.

Two recent important meetings between the two nations have included Pham Binh Minh’s, Vietnam’s Deputy Prime Minister, recent trip to the US and Michael Froman’s, a US Trade Representative, trip to Vietnam.
Edward Barbour-Lacey's insight:

Trade deals, such as the TPP, will play a key role as the US seeks to increase its influence in the Asia region. It is interesting to see the removal of the US arms embargo against Vietnam, could this be a tacit agreement for Vietnam to further militarize in order to defend itself from China? One hopes that it will be economic tools, rather than military, that will be used in order to balance an expansionary China.

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Vietnam PM Calls for the Replacement of the Red Seal for Businesses - Vietnam Briefing News

Vietnam PM Calls for the Replacement of the Red Seal for Businesses - Vietnam Briefing News | Asia and World News that Matters | Scoop.it
Vietnam has announced that, instead of corporate stamps, the government should “move towards replacing the seals with handwritten and digital signatures.”
Edward Barbour-Lacey's insight:

If this occurs, it could definitely help speed up the process of starting a business in Vietnam. The chop system seems very anachronistic in today's high-tech world. It is time to move to a more efficient and safer system and it is good to see that the Vietnamese government has acknowledged this.

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Future of the Philippines' BPO Industry Could Jumpstart Economic Growth - ASEAN Business News

Future of the Philippines' BPO Industry Could Jumpstart Economic Growth - ASEAN Business News | Asia and World News that Matters | Scoop.it
The month of August saw an all-time high for employment in the Business Process Outsourcing (BPO) sector in the Philippines, hitting over one million employees.  The growth in employment is being primarily driven by the expansion plans of a number of companies, such as Accenture and Convergys.
Edward Barbour-Lacey's insight:

Current BPO trends could hold the key to economic growth in the Philippines.

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Slow Car Sales Provide Window into Future Indonesia Growth - ASEAN Business News

Slow Car Sales Provide Window into Future Indonesia Growth - ASEAN Business News | Asia and World News that Matters | Scoop.it
Car sales in Indonesia, a good metric of consumer confidence and domestic consumption, have seen a five percent increase YoY through the month of August.
Edward Barbour-Lacey's insight:

Slow car sales in Indonesia are a clear sign that the country needs to take steps to ensure its future competitiveness. Key among these should be focusing on attracting more manufacturing opportunities to the country.

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