Illustrative photo (Source: VOV) Pham Quynh Mai, deputy head of the Multilateral Trade Policy Department under the Ministry of Industry and Trade, said that Vietnam has pledged to offer common tariff lines on goods imported from member countries of the Comprehensive and Progressive Agreement for Trans - Pacific Partnership (CPTPP). The country has committed to eliminating 66 per cent of import tariffs right after the new - generation trade pact took effect on January 14, 2019. This ratio is set to increase to 86.5 per cent three years after the implementation of CPTPP. A five-to-10-year road map on tariff cuts will be planned for the remaining categories, Mai added. She recommended that local firms should make sense of CPTPP requirements as well as binding commitments by Vietnam and other member states. Due attention should be paid to updating tariff incentives as committed in the trade pact and developing products which give enterprises an advantage over rivals in order to … [Read more...] about CPTPP to advance Vietnamese farm produce’s foothold in global supply chain
Nhs supply chain
Trend Micro Predicts Escalating Cloud and Supply Chain Risk
Cyber risk increases at all layers of the corporate network as we enter a new decadeHONG KONG, CHINA - Media OutReach - November 20, 2019 - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, today announced its 2020 predictions report, which states that organizations will face a growing risk from their cloud and the supply chain. The growing popularity of cloud and DevOps environments will continue to drive business agility while exposing organizations, from enterprises to manufacturers, to third-party risk. "As we enter a new decade, organizations of all industries and sizes will increasingly rely on third party software, open-source, and modern working practices to drive the digital innovation and growth they crave," said Tony Lee, Head of Consulting, Hong Kong and Macau, Trend Micro, "Our threat experts predict that this fast growth and change will bring new risks of supply chain attacks. From the cloud layer all the way down to the home … [Read more...] about Trend Micro Predicts Escalating Cloud and Supply Chain Risk
More local firms join global supply chains
Visitors at a conference to seek providers for supporting industries held by the HCM City Department of Industry and Trade on September 11. VNS File Phto/Viet Nam hoinhap Magazine. Representatives of local firms said at a recent conference on the supporting industry held in HCM City that their companies had joined global supply chains and were seeking opportunities to expand their overseas markets. The conference was held to provide opportunities for local and foreign firms to look for manufacturers of components for products in the fields of electronics, automation, motorbikes, automobiles, and health care. Nguyen Kim Chai from Hanel Vietnam said his company had supplied products to the Japanese market for more than 20 years. The products include components and spare parts for electrical transformers, household electronic equipment, automobiles and telephones. To act as a supplier for … [Read more...] about More local firms join global supply chains
Vietnam, a potential destination for Apple
An iPhone model developed by Apple (Photo: Getty Images) Hanoi (VNA) – According a Nikkei Asian Review report,Vietnam is among the most likely destinations for Apple to restructure its supply chain in. The California-based tech giant has decided the risks of depending heavily on manufacturing in China are too great, and it has asked major suppliers including Foxconn, Pagatron, Wistron, Quanta Computer and Compal Electronics to evaluate the cost of shifting 15-30 percent of production capacity from China to Southeast Asia. Economist Nguyen Dinh Anh told a Sputnik reporter that if Vietnam is selected, the domestic economy will be boosted while the country will have a chance to increase its prestige in the global economy. Improvements will be seen in several macro-economic indicators such as GDP, import-export revenue, jobs, and State budget collection, he said, adding that Apple will help give a more modern and industrial look to localities. Apple’s shift of its … [Read more...] about Vietnam, a potential destination for Apple
Greater connectivity urged between domestic, FDI firms in electronics
The mobile phone factory of Samsung Electronics Vietnam in Yen Phong Industrial Park, Bac Ninh province (Photo: VNA) Though FDI in Vietnam has almost reached US$190 billion to date, accounting for more than one fourth of the country’s total investment, its spillover effects on local companies have yet to expand as expected. “FDI firms themselves want Vietnamese small- and medium-sized enterprises (SMEs) to be their local suppliers in order to help them reduce cost and improve competitiveness. But many problems have remained to hamper the effective connectivity among them,” Mai said. Electronics has become one of the economy’s key sectors, making Vietnam among the world’s 12 leading electronic workshops and the third largest one in ASEAN, said President of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc. The electronics led all industries in export turnover in 2017, earning the country more than US$70 billion, 2.5 times higher … [Read more...] about Greater connectivity urged between domestic, FDI firms in electronics