Global supply chain forum

Accordingly, low-skilled manufacturing wages will rise at a moderate pace relative to Viet Nam’s regional competitors. However, specialised labour in manufacturing and services professions will remain scarce. In the field of investment, high-tech manufacturers will continue to enjoy incentives for many years to come. In addition, Viet Nam has joined many trade agreements and maintained good relations with trading partners, helping to reduce transaction costs for local businesses. … [Read more...] about Viet Nam to remain at centre of Asian supply chains: EIU

According to Nguyen Duy Linh Thao, Chair of the Club of the Provincial Trade Promotion Center, the Mekong Delta rice output is about 24 million tonnes, accounting for 80 percent of the country’s rice output; fruit yields have reached about 4.3 million tonnes, accounting for 65 percent of the whole country’s output. In addition, aquatic output reached over four million tonnes, with key export products such as shrimp accounting for 60 percent and pangasius for 95 percent of the country’s total. … [Read more...] about Mekong Delta farmers urged to link up with global value chains

Within 15 to 20 years, Việt Nam will have removed 89.6 per cent of tariff lines for partner countries which, in return, will have removed up to 92 per cent of tariff lines for Việt Nam. Other ASEAN members will remove 85.9 per cent of all tariffs for Việt Nam.  … [Read more...] about Agricultural exports set to join more global value chains as new FTAs take effect

Trades Union Congress regional secretary Sam Gurney said: “We welcome the commitment of major employers like Heathrow Airport to ensure that their people and those in their supply chains receive London Living Wage and have regular guaranteed hours. … [Read more...] about Living Wage boost for thousands of workers in Heathrow Airport supply chain

HCM City (VNA) - The recently-signed Regional Comprehensive Economic Partnership (RCEP) agreement will create opportunities for Vietnam’s agricultural products to extend their reach in the region and the world, experts have said. Le Duy Minh, President of the Vietnam Farms and Agricultural Enterprises Association, told a meeting in Ho Chi Minh City on January 15 that the agriculture sector has been integrating intensively and extensively into the world but also faces considerable difficulties and challenges, including the impact of the COVID-19 pandemic, climate change, trade disputes between major economies, and an increase in technical barriers in many countries. Vietnam signed a number of important economic deals in 2020, heralding a new era of economic integration with opportunities to expand export markets and attract more domestic and foreign investment. Among the deals, the RCEP, which gathers together 10 ASEAN countries and five partners (the Republic of Korea, China, … [Read more...] about RCEP to help farm produce expand presence in global markets