Trade remedies, or policy tools to protect domestic industry from imports, are a hotbutton issue amid the global integration. Viet Nam News’ Thu Ngan speaks to Le Trieu Dung, director general of the Trade Remedies Authority, about the issue. Can you give us an overview of trade remedies in Viet Nam now? Trade remedies, in general, are trade policy tools that allow a Government to take remedial action against imports of certain products which cause serious injury to a domestic industry in an importing country. Such remedies are divided broadly into anti-dumping actions, countervailing duty measures and safeguard measures, all of which are allowed by the World Trade Organisation (WTO) and other international trade agreements, subject to certain disciplines. These remedies are triggered in response to different situations and circumstances which may be causing material injury to a domestic industry, helping countries during their trade liberalisation and economic integration … [Read more...] about Trade remedies can help to protect domestic firms
Measures used by government to protect consumers
Government News 24/10
Vietnamese nation, people, economic potential introduced in Uruguay Vietnamese Ambassador to Argentina and Uruguay Dang Xuan Dung talks to students from the Catholic University of Uruguay Vietnamese Ambassador to Argentina and Uruguay Dang Xuan Dung has introduced the nation, people and integration process of Vietnam as well as the Vietnam-Uruguay relations to students from the Catholic University of Uruguay on the occasion of the 25th anniversary of the diplomatic relations between the two countries. Ambassador Dung said that Vietnam, overcoming devastating wars, has been on the way of development with many promising areas. He also highlighted famous landscapes of Vietnam as well as friendly and hospitable people. He noted that Vietnam has pursued the “doi moi” (reform) cause since 1986. After over 30 years, the country has recorded many important achievements with stable economic growth, improved people’s living conditions and enhanced position in the world … [Read more...] about Government News 24/10
Inflation likely to stay under 4%
Deputy Prime Minister Vương Đình Huệ yesterday praised the Government’s efforts to control inflation.— VNA/VNS Photo Văn Điệp HÀ NỘI — Deputy Prime Minister Vương Đình Huệ yesterday praised the Government’s efforts to control inflation. He was speaking as the rate was predicted to stay below the initial target of four per cent this year. It was reported at the third quarterly meeting of the Steering Committee on Price Management that the consumer price index (CPI) – a typical measure to calculate inflation – in September increased by 0.59 per cent compared to the previous month. It made the CPI climb by 3.57 per cent in the first nine months this year. The CPI’s movements over the three quarters was relatively close to the Government’s initial forecasts, said the report, which correctly predicted a number of factors affecting prices like the Lunar … [Read more...] about Inflation likely to stay under 4%
Vietnam amends Competition Law to better manage cross border deals
Vietnam is upgrading its Competition Law to manage cross-border deals and control economic concentration in the market. Experts shared thoughts at the workshop to disseminate the Law on Competition 2018 in Ho Chi Minh City The amended Competition Law, which is slated to take effect on July 1, 2019, covers lots of progressive provisions attuned to international best practices. Compared to the Law on Competition 2004, the new law is based on a combination of economic and legal ideas to increase the effectiveness of enforcement. One of these is changing the approach to economic concentration. Accordingly, economic concentration is no longer considered an anti-competitive act per se. Controlling economic concentration will be based on assessing its impact on competition instead of notification requests and limiting the combined market shares of involved parties. According to Tran Phuong Lan, head of the Economic Concentration Control Department under the Vietnam Competition … [Read more...] about Vietnam amends Competition Law to better manage cross border deals
The Government’s regular meeting-July 2018
THE GOVERNMENT SOCIALIST REPUBLIC OF VIET NAMIndependence - Freedom - Happiness No. 104/NQ-CP Ha Noi, August 8, 2018 RESOLUTION THE GOVERNMENT’S REGULAR MEETING – JULY 2018 THE GOVERNMENT Pursuant to the Law on Organization of the Government dated June 19, 2015; Pursuant to the Government’s Decree No. 138/2016/ND-CP dated October 01, 2016 promulgating the working regulation of the Government; Based on the discussion of the Cabinet members and the conclusion of the Prime Minister at the Government’s regular meeting in July 2018, held on July 31, 2018 DECIDES 1. Regarding the revised Law on Education The Government approved the proposal of the Ministry of Education and Training to raise the training standard for preschool teachers from pedagogic intermediate level to pedagogic college level according to the roadmap stipulated in the draft revised Law on Education. At the same time, the Government agreed with the policy on tuition exemption for … [Read more...] about The Government’s regular meeting-July 2018