“in order to build an economy with high competitiveness, it would be better to be self-sufficient in materials,” Phat said. “The materials need to be as good as import materials or better than import materials, and they need to be cheaper." … [Read more...] about Vietnam will rely on outsourcing if it continues to import most input materials: officials
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Huge revenue of $10 billion a year forgotten in villages
In 2018, the government released Decree 52 on developing rural trade, under which seven groups of trade are preserved and promoted, including 1/ processing and preserving agricultural, forestry and aquatic products; 2/ producing handicrafts; 3/ treating and processing materials for rural trade production; 4/ producing wooden, rattan and bamboo products, ceramics, glass, textiles, fibers, embroidery, knitting products and small mechanics; 5/ producing and trading ornamental creatures; 6/ salt production; and 7/ making products and providing services to rural residents. … [Read more...] about Huge revenue of $10 billion a year forgotten in villages
Foreign capital returns strongly to Vietnam
Vietnamese analysts believe that the country will gradually attract capital flow back in the last months of 2020 and early next year thanks to the control of the pandemic, the establishment of new ETFs, and the news about the increase in proportion of shares in the Frontier Markets basket. … [Read more...] about Foreign capital returns strongly to Vietnam
Vietnam amends intellectual law following big trade pacts
The draft amendment broadens the plant variety objects that are eligible for protection in accordance with the roadmap (10 years) provided in the International Convention for the Protection of New Varieties of Plants (UPOV). Particularly, Article 3.2 of the UPOV Convention states: "Each Contracting Party shall apply protection to all plant genera and species no later than the expiration of a period of 10 years from the said date [date of accession]". Vietnam acceded to the UPOV Convention on December 24, 2006, as of December 25, 2016, has the right and obligation to protect all plant genera and species. … [Read more...] about Vietnam amends intellectual law following big trade pacts
