Industry in new zealand

President Macron - in his new post-virus spend-and-invest mode - wants to act now not just to rescue the industry from the immediate crisis, but also to prepare it for a future that will be both electric and he hopes much less dependent on foreign and in particular Chinese suppliers. … [Read more...] about Coronavirus: France announces €8bn rescue plan for car industry

Experts say developing local supply chains to reduce a heavy reliance on other countries is a must for Vietnam, especially the garment and textile industry which imports large amounts of materials from foreign partners. Attracting both domestic and foreign investment into the fibering, weaving and dyeing stages is considered an effective solution for the industry to develop in a sustainable manner. The garment and textile industry is therefore predicted to significantly benefit from the implementation of new-generation FTAs such as the European Union-Vietnam Free Trade Agreement (EVFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the European Union - Vietnam Investment Protection Agreement (EVIPA). It is widely believed that this trio of trade deals will create greater opportunities to attract capital and modern technology as a means of further developing the industry. … [Read more...] about New-generation FTAs offer impetus to textile supply chain restructuring

Numerous issues related to policies and the business climate also impede Việt Nam in realising the full potential of FDI. While the overall policy framework is clear, implementation is still weak and evidenced by the recurrence of challenges identified several years ago. Major horizontal and vertical weaknesses are not helping. Horizontal, such as extensive overlaps between ministries, manifest in lack of convening power and extensive fragmentation as a result of poor co-operation and co-ordination. Vertical, such as ineffective co-ordination and synchronisation along with potentially wasteful overlaps between national and sub-national levels, perpetuate a race to the bottom scenario when it comes to incentives. … [Read more...] about New FDI strategy must link firms

While putting up efforts to attract new foreign-invested projects, Nguyen Thu Trang, director of the WTO Center and Integration under the Vietnam Chamber of Commerce and Industry (VCCI), said Vietnam should pay attention to the quality of the FDI and the risks of local enterprises being acquired at cheap prices. … [Read more...] about Vietnam needs more efforts to lure new FDI wave

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