By Karen Reddington - President, FedEx Asia Pacific So why then does evidence show that small- and medium-sized enterprises (SMEs) are failing to access trade deals – one of the most significant tools there is for multiplying business growth and opportunity? And what do agreements like the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) actually offer? Trade agreements are designed to lower the barriers between participating countries, giving domestic companies better access to more customers and larger, international markets while reducing tariffs and customs duties which slow global commerce. That’s why the CPTPP is arguably one of the most important trade deals in decades, as it removes tariffs on about 95 per cent of goods traded between member countries. The new agreement creates a trade community accounting for an extraordinary 14 per cent of the global economy. That figure is projected to rise to 18 per cent as more countries queue up to join … [Read more...] about How SMEs can make the most of global trade deals
Why does tesco trade internationally
VietNamNet Bridge - Vietnam is economically lagging behind other countries in the region and in the world. There is a big gap in GDP per capita between Vietnam and other countries, which makes it difficult for Vietnam to catch up with them. The core of the doi moi (renovation) in Vietnam is the shift from single-ownership into a multi-ownership economy, where the central planned regime no longer exists. The 1987 Law on Foreign Investment, the 1990 Corporate Law & the Law on Private Enterprises, and the 1999 Enterprise Law have encouraged the development of Vietnam’s private economic sector. One of the revolutionary viewpoints of the 1999 Enterprise Law was that ‘people can do anything that are not prohibited by the laws’, rather than ‘people can only do the things allowed by the laws’, which was one of the major reasons hindering economic development in many decades before. Soon after the Enterprise Law took effect, the then PM Phan Van Khai set … [Read more...] about Why does Vietnam lag behind?
Britain's biggest retailer, supermarket group Tesco, said on Monday (Jan 28) that it planned to axe up to 9,000 jobs under the next stage of a vast restructuring programme, as it continues to come up against increasing competition from German discount retailers Aldi and Lidl. Britain's biggest retailer Tesco set to axe up to 9,000 jobs, Photo: AFP/File | Carl Court Tesco, which employs about 300,000 staff in the UK out of a total global workforce of 440,000, added that it would try to find new roles for up to 50 per cent of those affected. "Overall, we estimate that up to 9,000 Tesco colleague roles could be impacted, however, our expectation is that up to half of these colleagues could be redeployed to other customer-facing roles," the supermarket said in a statement. 'REMAIN COMPETITIVE' "In our four years of turnaround we've made good progress, but the market is challenging and we need to continually adapt to remain competitive," said Britain and Ireland CEO Jason Tarry. … [Read more...] about Britain”s biggest retailer Tesco set to axe up to 9,000 jobs
On December 11 the State Bank of Viet Nam reduced the value of the dong against the US dollar by VND9 from the previous day to VND22,775 (US$1). The selling price of the greenback at the central bank’s transaction offices was also adjusted to VND23,408 though the buying price was kept unchanged at VND22,700. At commercial banks, the price of the greenback did not see strong fluctuations. Vietcombank still kept its selling and buying prices at VND23,265 and 23,355. Similarly, BIDV kept its rates unchanged at VND23,260 and 23,350. Market observers said the central bank has been adjusting its daily reference rate for the dong against the dollar constantly since early December though the adjustments have been minor. Why does the central bank continue to devalue the Vietnamese currency when globally the dollar is weakening after the US and China agreed to halt their trade war for 90 days? For instance, in the Asian dollar market, the dollar index, which tracks the greenback against … [Read more...] about Why SBV keeps dong weak against US dollar
Paris Saint-Germain's all-star attack of Neymar, Edinson Cavani and Kylian Mbappe AFP/PASCAL GUYOT PSG paid a total of €466 million (US$534 million) for the "MCN" trio, all of whom featured prominently in the FC 100 for 2018. Remarkably, that regularly seems a fair price, at least by today's standards. Much too good for the French league, each man is averaging a fraction over a goal a game domestically, while in the Champions League they have seven in five games between them. Each of the three is a star who could reasonably expect to have an entire attack built around him, as Barcelona does for Messi. But that's precisely PSG's problem: The club expects the trio to pull their weight more or less as equals. This isn't happening in part because Neymar blatantly doesn't regard Cavani as an equal. And so PSG's greatest strength is also the biggest liability. Thomas Tuchel, who became PSG's coach at the end of last season, moved Neymar from the wing to the No.10 role, saying: "We … [Read more...] about Why Neymar, Cavani and Mbappe are PSG”s biggest strength and weakness
VietNamNet Bridge – Tran Ngoc Hung, chairman of the Viet Nam Construction Association, speaks to Viet Nam News Agency about key reasons for the delays in the renovation of old living quarters in Hanoi. How do you evaluate the national programme to renovate old living quarters? The national programme to renovate old living quarters was launched more than 10 years ago, but its implementation has been very slow. As a consequence, its results have been limited. According to the latest report, some 25 percent of the old living quarters have been described as “very dangerous.” They could collapse at any time and the lives of people living in these building are at risk. What are the main factors preventing the programme from following its approved plan? The Government’s policy is totally right, yet specific guidelines and solutions to implement the policy have not been translated into real life. I should say the implementation of the national programme so far has … [Read more...] about Why does renovation of old living quarters proceed so slowly?
Malaysia warns of "domino effect" from U.S.-China trade tensions Malaysia's Prime Minister Mahathir Mohamad speaks after he was conferred an honorary Doctor of Laws degree at the National University of Singapore's Yong Siew Toh Conservatory of Music in Singapore November 13, 2018 – PHOTO: REUTERS SINGAPORE (REUTERS) - Trade tensions between the United States and China will trigger a "domino effect" of protectionist measures, Malaysia warned on Tuesday as Asian leaders gathered for a summit overshadowed by the tit-for-tat tariff war between Washington and Beijing. The comments by Prime Minister Mahathir Mohamad in Singapore came as China's premier - for a second day - struck a conciliatory note on the trade spat, saying he was hopeful that the two sides will find a way to prevent it escalating further. "I still hope we can hold talks based on mutual respect, balance and mutual benefits to resolve the issue. There are no winners in a trade war," Premier Li Keqiang said at … [Read more...] about Malaysia warns of “domino effect” from U.S.-China trade tensions
Tesco has sealed a buying alliance with French rival Carrefour to pursue better terms with suppliers as the retailers face tough competition in the grocery sector. Tesco's tie-up with Carrefour has been perceived as an attempt to protect its dominance over the UK grocery market Britain’s biggest supermarket chain said the long-term partnership with Carrefour would come into force in October, helping the pair to reduce the cost of their supply. They aim to cut prices for customers by joining forces to buy branded and own-brand products and other suppliers such as trollies and shop fittings. The three-year deal has been prompted by increased competition in Britain’s £200bn year food market. Amazon is threatening to expand its food business after buying Whole Foods last year, while German discounter Aldi and Lidl continue snap up market share from the traditional players. Tesco has already sought to strengthen its supply chain through a £3.7bn … [Read more...] about Tesco eyes price cuts through Carrefour buying partnership
Vietnam does not trade environmental health for economic growth: PMBy Nhan Tam Prime Minister Nguyen Xuan Phuc speaks at the opening session of the Sixth Assembly of the Global Environment Facility (GEF-6) Council in the central coastal city of Danang on June 27 – PHOTO: NHAN TAM DANANG – Vietnam is determined not to pursue economic growth at the expense of the environment, said Prime Minister Nguyen Xuan Phuc at the opening session of the Sixth Assembly of the Global Environment Facility (GEF-6) Council in the central coastal city of Danang on June 27. The Government leader said that the country is striving to implement the Sustainable Development Goals of the United Nations by 2030 and commitments made at the 2015 United Nations Climate Change Conference. Despite facing difficulties and limited resources, the Government is determined to incorporate environmental protection and climate change response activities into the country’s socioeconomic development … [Read more...] about Vietnam does not trade environmental health for economic growth: PM
Editor’s note: Dr. Nguyen Minh Hoa believes that something should be done in order to stop people from migrating to Saigon, as the ‘promised land’ has become increasingly overcrowded to receive them all. As in the previous years, when the Lunar New Year is drawing near, I join my family members and my students to gather used clothes and bring them to internal migrants, to those homeless people who have to live on sidewalks across Saigon. Saigon is without a doubt a city of generosity where people are willing to help and share the hardship of those in need, and it is surely a ‘promised land,' but this land will inevitably become too crowded for everyone. What’s the point of flocking to a ‘promised land’ when everyone will share nothing but poverty, once there is little space for growth? The best solution is to keep the migrants-to-be where they are, and Saigon, on its way to achieve prosperity, will never forget those needy people. … [Read more...] about How to keep Saigon from getting overcrowded by internal migrants?