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Sunday, December 17, 2017

10:18:00 PM CET

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Todd Smith said: "The consumers that we talk to on a daily basis believe they should get a pound of barbecue when they pay for a pound of barbecue and don't like getting ripped off," External link

houstonchronicle Sunday, December 17, 2017 12:21:00 AM CET

Babatunde Irukera said: “Listening to the testimony that the people say leads me to know CPC is doing something; day by day one complaint after the other, we are working hard and resolving people’s problems,” External link

vanguardngr Saturday, December 16, 2017 2:04:00 PM CET

Rob McKenna said: “We have this concept of federal supremacy over lawmaking,” External link

kiro7 Saturday, December 16, 2017 3:13:00 AM CET

Hironobu Kitagawa said: “Japanese consumers attach great importance to the quality of goods. If you can meet Japanese people’s standards, you are as good as set for any other market,” External link

vietnamnet-en Saturday, December 16, 2017 3:11:00 AM CET

Nguyen Chi Dung confirmed: "Vietnam is facing rapid urbanisation, posing challenges for city officials and planners to provide basic infrastructure in transportation, energy, healthcare, water, and e-government services to make their communities more attractive and liveable,” said Consul General Mary Tarnowka. “US firms have innovative products and services in the smart cities area that can support Vietnamese cities”. On the same note, US Embassy Commercial Counsellor Stuart Schaag commented, “I am confident that this week’s events will help US delegates learn more about each city’s smart city objectives and unique needs, and showcase to city officials and local businesses not only some of the best US technology and services in the smart city area, but US firms’ desire to develop relationships in Vietnam that can create win-win-win solutions for the city, industry, and most importantly, its citizens”. During the trip, the delegation will meet with government officials from Danang, Khanh Hoa and Thua Thien-Hue provinces for a series of meetings. Presentations from city leaders and heads of relevant departments, such as information and communications, transportation, health and planning, will expose US firms to the unique challenges that each city faces in dealing with rapid urbanisation and efficiently managing services offered to citizens and visitors. US delegates will then present their smart city solutions, as well as share best practices from the US and around the world. Ride-hailing firm Grab expands service. Ride-hailing firm Grab is expanding its GrabTaxi service in Vietnam to boost its coverage on one hand and promote cooperation with taxi drivers following the strong opposition from taxi operators towards its GrabCar service in Hanoi City and HCMC. The company on December 11 offered its GrabTaxi service to customers in Ba Ria-Vung Tau and Dong Nai provinces. The service is already available in Hanoi City, Quang Ninh Province, Danang City, Khanh Hoa Province and HCMC. Unlike GrabCar service allowing car owners to join the ride-hailing service, the GrabTaxi service targets drivers of traditional taxi operators, encouraging them to use the platform provided by Grab to attract more passengers. The company has recently expanded its GrabBike and GrabTaxi services to other parts of the country before a pilot scheme for ride-hailing service included in the Transport Ministry’s Decision 24/QD-BGTVT is set to come to an end next month. The company may have to suspend its GrabCar service if the Transport Ministry does not extend the pilot scheme. As such, by introducing GrabTaxi to more localities, the company may become a provider of the ride-hailing platform to other taxi operators across the country. Apart from GrabTaxi, the ride-hailing firm intends to extend its GrabBike service to six other provinces and cities, namely Haiphong, Bac Ninh, Danang, Nha Trang, Vung Tau and Can Tho. The service may become a key product of Grab, and may lure a host of local drivers. Local taxi operator Mai Linh has introduced its new service M.Bike at competitive fares as those offered by GrabBike and UberMoto. Meanwhile, Anh Duong Vietnam JSC, the owner and operator of Vinasun Taxi, plans to launch a similar service called V.Bike. Two new trains put into service. Saigon Railway Transport JSC put two new trains into service on Sunday replacing the deteriorating Thong Nhat trains that ply the north-south route. The new trains are more convenient and spacious than the old ones, with cars made of high-strength steel and interiors of composite. Seats in 56-seater cars can be converted into beds. There are electrical outlets at every seat for passengers to charge their mobile devices. Each car has eight TVs for entertainment, induction doors, and reading lights above the seat rows. The toilets are larger, with automatic faucets, windows, ventilators, and advanced waste treatment systems. Data of the Vietnam Railways Corporation shows that the country’s railway system has nearly 6,000 cars, including 1,000 for passenger transport and nearly 5,000 for cargo transport. About 2,000 cars have been used for 30-40 years and 1,500 others for 40 years or more. Some of the deteriorating trains have been upgraded but they cannot meet the standard speed of 100 kilometers per hour for freight trains and 120 kilometers per hour for passenger trains. In 2016, Saigon Railway Transport JSC spent VND80 billion (US$3.5 million) upgrading 37 cars. Dao Anh Tuan, general director of the company, said almost all deteriorating trains will be replaced in the next two years. To compete with other modes of transport, the company has ordered 30 new cars to replace old ones. MasterCard deploys QR code payment in Vietnam Financial services firm MasterCard on December 11 introduced electronic payment service Masterpass QR in Vietnam, enabling MasterCard holders to pay by scanning QR codes at thousands of points of sale across Vietnam. Users can make payments via QR codes at more than 7,000 points of sale set up by MPOS Vietnam Technology Joint Stock Company. MasterCard will later on cooperate with other companies to expand the network of places accepting Masterpass QR in Vietnam. Masterpass QR, a new electronic payment option of MasterCard, has been deployed in over 20 countries. In Vietnam, users only need to register MPOS QR in order to make Masterpass QR payments via all banking applications with the QR scanning function. QR payment, an option to promote non-cash payment, is suitable in countries with a large number of smart phone users and developed 3G/4G networks. Nguyen Huu Tuat, general director of MPOS Vietnam, said QR payment holds high growth potential in Vietnam as all banks have offered Internet banking to their clients. The cooperation with international financial services company like MasterCard makes QR payment as easy as card swipe at mPOS/POS machines, he added. From now until the year-end, clients making QR payment for the first time via MPOS will get refunds worth 10% of their bills each, with a maximum refund of no more than VND500,000. Before MasterCard, MPOS has also cooperated with Visa to provide QR payment. Power punch. When the Ministry of Industry and Trade convened an ad-hoc press conference last Thursday to explain the power price hike, not only journalists attending the event but also the public were stunned. It is not the increase - the average power tariff rising 6.08% to VND1,720.65 per kWh exclusive of tax – but rather the abrupt price change being announced on such short notice that wildly frustrates electricity users. The ministry last Wednesday announced the power price hike that took effect on the following day. State utility Vietnam Electricity Group (EVN) had mulled ways before launching the power punch, sending an unprepared public to the corner as electricity users have no other options than to take the hit. As covered by local media, few have decried the price hike but have shown disappointment at the way the power price change has been deliberated by EVN as well as the Ministry of Industry and Trade. In explanations at the press conference, the ministry said the change has been considered by all relevant agencies so as not to create any strong adverse impacts on the people’s livelihood and business. Nguyen Anh Tuan, head of the Electricity Regulatory Authority of Vietnam under the ministry, stated that the price hike would spur December’s consumer price index by 0.08% and next year’s CPI by 0.1%, which is trivial as inflation this year has been tamed at less than 4% as endorsed by the National Assembly, according to Thoi Bao Tai Chinh newspaper. For most households, the higher power tariffs will also leave little impact. Tuan is quoted as saying in Tien Phong newspaper that “those households using up to 100kWh a month will pay an additional VND6,600… while those using 400kWh a month will pay an additional VND34,800”. Similarly, enterprises will see their input costs rising by only 0.07% due to the power price hike, according to Thoi Bao Ngan Hang. Tuan of the ministry said that the power price hike is inevitable as input costs at EVN have increased, which have been inspected by multiple agencies including the National Assembly Economic Committee, the Vietnam Chamber of Commerce and Industry, and even the Vietnam Standards and Consumer Protection Association. The power price hike, however, is understandable, as EVN has kept the prices unchanged for nearly three years despite rising input costs, according to experts. Le Dang Doanh, an economist, says in Nguoi Lao Dong newspaper that the power sector has managed to contain the power price for over two years, exerting great pressure on its investment activities. Therefore, raising the power tariffs is unavoidable. Similarly, Nguyen Minh Duc of VCCI comments that the power price hikes have lagged behind the inflation in the past few years. But, as stated early on, many experts have likened the price hike as an ambush on consumers. Nguyen Manh Hung, general secretary of the Vietnam Standard and Consumer Protection Association, said his agency was only invited to inspect input costs at EVN, but not consulted when it comes to the power price hike. “This is the seller-buyer relationship. The buyer should have the right to negotiate with the seller over the price, rather than the price being imposed upon them by the seller,” Hung is quoted in Thoi Bao Tai Chinh. Nguyen Minh Duc of VCCI, who also joined the input cost inspection at EVN, says in Thanh Nien newspaper that the power price hike plan has remained confidential despite prevailing regulations on power price transparency. The price increase all rests with the seller’s decision, without the buyer’s opinion, says Duc. Nguyen Duc Thanh, director of the Vietnam Institute for Economic and Policy Research (VEPR), bluntly says in Nguoi Lao Dong that “we are taken hostage by EVN. They ask for a price hike, and we have to accept it”. Thanh opines that the power price hike is based on calculations by the monopoly without any transparency. Similarly, Nguyen Minh Phong, an economist, also decries the absence of transparency in the power pricing scheme. He says in the news site VOV.vn that the power sector needs to provide all relevant information so that the public could understand the rationale behind the price hike. More importantly, both EVN and the Ministry of Industry and Trade made the decision abruptly, making life tough for electricity users, especially enterprises. Tuoi Tre Online, citing experts, says that there should be a roadmap for power pricing so that enterprises can actively conduct business. “The power price hike should have followed a specific roadmap, instead of ‘announcing the hike today with effect tomorrow’ that causes difficulties for enterprises, since they have to make business plans on a quarterly or annual basis,” the online paper quotes Nguyen Minh Due of the Vietnam Energy Association. Nguyen Van Tuan, chair of the Vietnam Cotton and Spinning Association, echoes the point, saying enterprises will suffer damage due to the sudden price hike. “The price hike of 6.08%, in my opinion, is acceptable. However, enterprises can cope with the problem only if they are informed of the price hike long beforehand,” he is quoted in the paper. In the news site zing.vn, Le Dang Doanh says that mechanisms regarding the power sector need to be reformed so that buyers can have their opinions upon any plan of price hike. The power market needs to be restructured so that all stakeholders can supervise each other, he asserts. In a market economy, the genuine seller-buyer relationship must be safeguarded to ensure benefits for all sides, and to prevent a power punch from a monopolistic player. HCMC’s tax and fee hikes may cut both ways. A plan by the HCMC government to raise a number of taxes and fees is expected to boost the city’s budget revenues but it might put negative impacts on enterprises and citizens. The city government on December 11 held a meeting with representatives of departments and experts to discuss the implementation of a special mechanism for the city that was approved by the National Assembly and will go into force on January 15, 2018. Under the special mechanism, the city has plans to raise some taxes, such as special consumption and environment taxes, and impose new fees from mid-2018. At the conference, many experts said the municipal government should carefully weigh impacts, both positive and negative, of fee and tax hikes on socio-economic development. They said a tax increase will result in higher production and living costs, which would badly affect enterprises’ operations and people’s lives. Tran Ngoc Tam, director of the HCMC Tax Department, said it would be easy to assess impacts of raising taxes on alcohol and tobacco. However, the city should carefully assess impacts of raising environmental protection tax on petrol and plastic bags because these are not only essential goods but also large revenue sources. Huynh The Du of the Fulbright Economics Teaching Program said the city had better improve the investment environment to lure investors and use tax revenues effectively. “Enterprises may choose other localities rather than HCMC if the city raises taxes and fees. This will not boost but reduce the city’s budget revenues,” Du said. According to Tran Hoang Ngan, director of the HCMC Cadre Academy, the city’s budget plans, including tax plans, should focus on addressing traffic congestion, flooding, environmental pollution, and overloaded infrastructure. According to Resolution 54 on the special mechanism for the development of HCMC, the National Assembly allows the city government to raise special consumption tax and environmental protection tax, with increases not exceeding the current levels by more than 25%. Garment, textile obtain highest trade surplus value in export items. After the US withdrew from the talks on Trans-Pacific Partnership (TPP), Vietnam’s garment and textile export met with difficulties in the first two quarters this year. However the industry has posted the record high trade surplus value taking the lead in export items. Chairman of Vietnam Textile and Apparel Association (Vitas) Vu Duc Giang yesterday said that garment and textile export this year posted the highest value in all export items of Vietnam, reaching US$15.51 billion increasing 7.15 percent over 2016. That was partly thanks to the hike in the export ratio of garment items under original design manufacturer (ODM) method. The number of original design manufacturers accounted for 3 percent last year, increasing to 7 percent this year and expected to reach 11 percent next year. According to Mr. Giang, Vietnam’s garment and textile industry met with difficulties after the US withdrew from TPP. Some importers transferred their orders to other markets such as Sri Lanka, Myanmar and Bangladesh in the first and second quarter to take advantage of 0 percent tax rate. However, orders have returned to Vietnam since the third quarter. Besides good quality and on time delivery, businesses have improved their competitive ability, invested in new technologies and sought new markets besides traditional ones such as the US, EU, Japan and South Korea. In 2017, Vietnam has started exporting garment items, fiber and cloth to China with the total turnover of $1.04 billion. In addition, the industry has lot of opportunities from bilateral and multilateral free trade agreements which will be signed in the next 1 and 2 years such as EVFTA and ASEAN + 6 (China, Japan, South Korea, New Zealand, Australia, India). Vitas said that many businesses have already had orders to produce until the second quarter next year, forecasting that garment and textile export turnover will approximate $33.5-34 billion. Customs industry cooperates with eleven banks to implement e-tax collection. The General Department of Vietnam Customs yesterday signed a cooperation agreement on 24/7 e-tax collection project with six banks from December 15. Previously the customs industry had signed the agreement with five banks to implement the project, which is the major one of the general department in 2017. The project enables enterprises to pay tax directly in customs website anytime and anywhere with Internet access. Implementation of the project is considered as a breakthrough in tax collection and payment, creating advantageous conditions for tax payers. HCMC to pilot cargo supervision projects in four seaports, airport. HCMC will start pilot implementation of cargo management and supervision at Lotus, SPCT, ICD Phuoc Long seaports and SCSC warehouse in Tan Son Nhat Airport from January 1, 2018, said Mr. Dinh Ngoc Thang, deputy head of HCMC Customs Department yesterday afternoon. The project aims at simplifying customs procedures for businesses, reducing time and cost to do custom clearance and preventing trade frauds and smuggling, he said. In addition, it will contribute in improving the automation of information technology system in cargo inspection. According to HCMC Customs Department, cargo supervision at seaports and airport in the city now accounts for 50 percent of the industry’s work volume. The work volume this year is 15-20 higher than previous year but human resource has been unable to meet demand. American firms receive investment certificates in Saigon Hi-Tech Park. Secretary of HCMC Party Committee Nguyen Thien Nhan this morning visited US businesses in San Francisco and witnessed a ceremony of granting investment certificates to American technology firms into Saigon Hi-Tech Park of Ho Chi Minh City. The first project is a life sciences research and development center invested by Quantus Corporation under Allied Telesis Group and Cao Sinh Biomed Company with the total capital of US$500 million. Implementation comprises two phases. The first phase from 2018-2020 will include the center’s investment and human resource training. The second phase from 2019-2022 will build a high technology hospital and buy modern equipment. The second project is Greenvity Silicon by Greenvity Communication Inc, an overseas Vietnamese business in San Jose with the total capital of $35 million. Its goal is to design and manufacture integrated electronic circuits, GV-LORA chips and GV- power line communications (PLC) chips applied in internet of things (IoT) such as motion, temperature and light censors. The third one is Aipac Vietnam by Aipac Inc, an overseas Vietnamese company in San Jose, with the total funds of VND20 million. It will apply IoT technology in making products such as smart home connection system, environmental supervision devices, motion censors and microelectromechanical systems (MEMS). Previously, Mr. Nguyen Thien Nhan and the delegation worked with leaders of the world’s leading chipmaker Intel Group and Zoom Video Communications Company. Meantime, standing deputy chairman of HCMC People’s Committee had a meeting with Marvell Group. At the meeting, Mr. Liem affirmed that HCMC committed to creating advantageous conditions for technology groups and companies to operate efficiently and achieve more successes in the city. So far, Saigon Hi-Tech Park (SHPT) has been the investment destination of many large groups in the world such as American Intel and Microsoft, South Korea’s Samsung, Japanese Nidec and Nipro, French Sanofi and Schneider. Mr. Nguyen Thien Nhan has been leading a high level delegation of HCMC to visit the US states and cities. Truong Thanh Furniture to work with SAM Holdings. One of Vietnam’s largest wooden furniture manufacturers, Truong Thanh Furniture (TTF), has signed a cooperation agreement with materials supplier SAM Holdings (Stock code SAM) on supplying materials and services. TTF and SAM are related businesses, as Mr. Hoang The Quang is a Board Member of the former and Deputy CEO of the latter. SAM is engaged in the manufacture and trading of cables, telecommunications materials, and wooden materials, construction, real estate, golf courses, accommodation, and tourism. In the first nine months of this year its revenue reached VND1.52 trillion ($66.8 million), an increase of VND210 billion ($9.24 million) over the same period last year. After-tax profit was nearly VND49 billion ($2.15 million). Total assets as at September 30 stood at nearly VND4 trillion ($176 million). TFF is engaged in the manufacture and sale of wooden furniture and floorings in Vietnam and also exports products to the UK, France, Belgium, the US, Denmark, Finland, Germany, Greece, and Japan. Revenue in the first nine months of this year was VND756 billion ($33.2 million) and after-tax profit more than VND4 billion ($176,000). As at the end of the third quarter, remarkably, TFF also recorded nearly VND1.4 trillion ($61.6 million) in accumulated losses. The company’s consolidated financial statement for 2016’s fourth quarter shows a total loss of VND145 billion ($6.4 million), bringing its full year losses to VND1.63 trillion ($72 million), of which its cumulative losses amounted to VND1.768 trillion ($7.8 million). Moreover, the company had negative owner’s equity of more than VND195 billion ($8.6 million) as at December 31, 2016. Foreign investors suggest improvements to Vietnamese taxation policy. In the framework of Vietnam Business Forum (VBF) 2017, representatives of foreign investors complained that they still face difficulties in investing and manufacturing in Vietnam due to the lackluster taxation policies. According to Natasha Ansell, chairwoman of American Chamber of Commerce in Vietnam (Amcham), importing products into Vietnam remains more costly and complicated given Vietnam’s $32-billion trade surplus towards the US last year, thus, it is particularly important for Vietnam to be seen as seriously addressing the numerous non-tariff technical barriers and the so-called behind-the-border barriers which restrict the activities of companies and hamper the flow of US exports into Vietnam. Regarding the Ministry of Industry and Trade (MoIT)’s proposal to apply a special consumption taxation (SCT) of 10 or 20 per cent on soft drinks, the representative of Amcham expressed concerns about its impact on enterprises’ revenue and profit. “If MoIT’s proposal comes true, the selling price of soft drinks will increase by 12 per cent due to the increased manufacturing expenditure, leading decreasing sales. In this case, small- and medium-sized enterprises will see the largest impact because of their weaker financial potential. They may even face bankruptcy,” Ansell stated. Based on comments from European enterprises, vice chairman of European Chamber of Commerce in Vietnam (Eurocham) Tomaso Andreatta expressed that the responses from tax authorities (both local and central tax offices) to written requests for clarification have been very general and do not provide specific guidance to enterprises. As a result, after receiving the responses from the tax authorities, the enterprises are still be confused and unsure about applying the regulations. Enterprises are growing disappointed about the transparency of the tax authorities’ implementation of the regulation. Thus, it is important to improve the quality of responses from the tax authorities, especially the ones addressing concerns over tax policies. European distributors quitting Vietnam. Vietnam last year saw the exit of European investors from large-scale distribution. This was announced by Tomaso Andreatta, vice chairman of European Chamber of Commerce in Vietnam (EuroCham), at the Vietnam Business Forum (VBF) 2017 co-chaired by Minister of Planning and Investment Nguyen Chi Dung, IFC senior country manager for Vietnam, Laos, and Cambodia Kyle F. Kelhofer, chairman of Vietnam Chamber of Commerce and Industry (VCCI) and VBF co-chairman Vu Tien Loc, and VBF co-chairman Hirohide Sagara. The forum took place this morning at Lotte Hotel in Hanoi. Andreatta said that European companies bring with them a way to do business that wed respect for the environment, employees, and for the society where they operate, with high value-added goods. They do not come to Vietnam only to make shirts and shoes or to assemble electronics, but to develop the entire supply chain and all the sophisticated services that support it. To bring these to Vietnam, European companies need qualified employees who speak foreign languages and they need reassurance that intellectual property rights are effectively protected. Along with the concerns about employees, European investors saw three main challenges to address, including corruption, protectionism, and a lack of legislative co-ordination. Therefore, EuroCham issued three proposals to deal with the above challenges. As to the first, EuroCham warmly welcomes and appreciates the work of the government in reducing opportunities for corruption and upholding the law. At lower levels, the main levers are adequate salaries, pride of belonging to the administration and moving people around, while at higher levels they are the lack of transparency, the excess reliance on permissions and certifications, and the high degree of arbitrariness by those in charge. As the consequence of protectionism, local companies and the local administration must pay more, otherwise they are unable to access higher quality and safer, more reliable goods. The government should reduce overlapping and conflicting procedures in public administration, which not only create the waste in fees and taxes, but also the time and human resources. In addition, the government needs to reconsider the corporate income tax, fully implement the national single window policy, and extend online payments in foreign currency. JCCI tables reform proposal for transparency. At Vietnam Business Forum 2017, the Japanese Chamber of Commerce and Industry (JCCI) posted a number of proposals to make administrative procedures simpler and faster, strengthening openness, transparency, and the efficient use of official development assistance loans. In recent years, the Vietnamese government has been ramping up loan control measures as the state budget is in chronic deficit and government debt is nearing the 65 per cent of the GDP upper threshold set by the National Assembly. However, if long-term, low-interest ODA loans continue to be used inefficiently, infrastructure—the foundation for economic development—will remain undeveloped, which in turn may have negative impacts on economic growth in the medium and long run. Thereby, JCCI agreed with the IMF’s proposals to push core reforms, both from the perspectives of budget revenue and spending and the ability to guarantee financial sufficiency at the earliest possible. On the revenue side, a policy review is required to move towards expansion and diversification based on tax categories, such as: higher environmental protection taxes, imposing property taxes, increasing excise tax rates, levying and transaction taxes to finance infrastructure projects, and revisiting tax incentives. On the expenditure side, there is a need to revisit budgetary spending cuts through widening cost recovery or inviting the participation of the private sector in education and healthcare, reviewing the social security coverage in a society entering the ageing phase, promoting administrative reforms, and downsizing in the public sector. Despite the Vietnamese government’s proactivity in reforming its administrative system, many foreign enterprises, including JCCI members, have been facing legal difficulties in Vietnam. Due to ambiguities in the language of ordinances and the arising multitude of interpretations, enterprises are often confused or are unsure of whether they have dispensed with their legal obligations. Besides, enterprises are forced to wait for a long time for an interpretation from the relevant ministries, according to JCCI. It said that a public administration with such a glaring lack of transparency and certainty may seriously undermine Vietnam’s attractiveness as an investment destination. At the mid-term Vietnam Business Forum 2017 (in June 2017), JCCI put forward two proposals related to administrative procedures. The first one is to establish a new inter-ministerial organisation with a vested power to deal with interpretation issues. They also proposed developing a regulatory framework and practical procedures through references to the grievance redress system for domestic and foreign businesses established by the Japanese side. The second recommendation is to enhance procedures for prior confirmation relating to regulations and ordinances in order to prevent emerging issues related to law enforcement. Procedures need to be flawless to allow private sector practitioners to obtain prior confirmation of the relevance of the transactions that they will be engaging in with the ministries in relation to applicable regulations and ordinances, so that they can get answer from these ministries. JCCI welcomes the strong and passionate efforts of the Advisory Council for Administrative Procedure Reform (ACAPR) to reform administrative procedures, particularly the dialogue between the prime minister and the head of the government office with ACAPR members in next August. Thereby, JCCI proposes to establish a new organisation under ACAPR called “Professional team,” which would consist of private sector and foreign enterprises. Each chamber of Commerce and Industry would forward their highest priority requests to the “Professional team” which would then come up with concrete plans within a few months. ACAPR would submit these plans to the prime minister, who would discusses it with ministers and make decisions, after fully considering these plans. Leveraging productivity is key for sustainable growth. Vietnam Development Forum (VDF) 2017 with the theme of “Leveraging Productivity Growth for Sustainable Development” took place this morning, offering an opportunity to find solutions for sustainable economic growth. 2017 was a successful year for the Vietnamese economy. All 13 socioeconomic development targets set forth by the National Assembly have been reached or even exceeded. The economy has been growing well at an estimated 6.7 per cent. On the other hand, the quality of growth is becoming an issue as the country has been dependent on investment capital, low-cost labour and natural resources mining. That growth model is no longer appropriate in the current context, as the global and domestic situation has changed. Especially, Industry 4.0 has come and opened up many opportunities and challenges for the economy. “Against this background, the economy cannot develop quickly and sustainably to improve living standards and narrow the development gap with other countries. Leveraging productivity is the key of sustainable growth, this is one of the core issues for the Vietnamese economy today," External link

vietnamnet-en Saturday, December 16, 2017 3:11:00 AM CET

Ousmane Dione noted: “Improvements in efficiency must take place both within individual sectors as well as across the whole economy, which requires effective market institutions and government support,” External link

vietnamnet-en Saturday, December 16, 2017 3:11:00 AM CET

Andrew Cuomo added: “The current status quo of allowing consumers to be penalized for having their data breached is unacceptable, and with the addition of these new protections, this administration will hold agencies accountable and help protect New Yorkers and their financial future” External link

fox13memphis Friday, December 15, 2017 7:04:00 PM CET

Davide Tabarelli concluso: “Il processo di liberalizzazione è oggi ancora farraginoso in tutta Europa – (\*) – e in Italia risulta ancora più complicata per il fatto che abbiamo insieme libero e tutelato. Dobbiamo quindi raggiungere l’efficienza e nello stesso tempo garantire il consumatore” External link

formiche Friday, December 15, 2017 4:36:00 PM CET

Paola Pelino aggiunto: “La liberalizzazione deve avere come obiettivo quello di una sana e leale competizione a beneficio dei consumatori, famiglie e imprese. Abbiamo fatto tanto ma siamo sulla buona strada perché il tema energia viene affrontato in tutti i tavoli anche in ambito europeo. Per quanto riguarda la libertà di scegliere del cittadino, crediamo che non venga aiutato con un sistema che preveda le aste, per questo abbiamo votato contro” External link

formiche Friday, December 15, 2017 4:36:00 PM CET

Carlo Tamburi precisato: “Un aspetto fondamentale riguarda l’informazione e la capacitazione del cliente e devono esserci regole chiare e stabili nel lungo periodo” External link

formiche Friday, December 15, 2017 4:36:00 PM CET

Jean Straight said: "One of your first steps should be checking the license of any company offering investments to Oregon residents," External link

kgw Friday, December 15, 2017 1:46:00 AM CET

Angela Merkel sagt: „Die Klimaerwärmung ist die Überlebensfrage der Menschheit“ External link

greentech-germany Thursday, December 14, 2017 3:36:00 PM CET

Angela Merkel sagte: „Klimaschutz ist die überlebensfrage der Menschheit“ External link

greentech-germany Thursday, December 14, 2017 3:36:00 PM CET

Hiran Gonçalves afirmou: “As discussões com integrantes da comissão foram poucas, porque na maioria das reuniões a participação de deputados era baixa” External link

istoe Wednesday, December 13, 2017 8:32:00 PM CET

Yasir Naqvi said: "We took an administrative route on the caps on resale prices as opposed to going by way of police and provincial offences," External link

theglobeandmail Wednesday, December 13, 2017 6:28:00 PM CET

Renate Sommer said: “meat in fast food restaurants would collapse into the form of an elephant foot,” External link

politico-eu Wednesday, December 13, 2017 4:01:00 PM CET

Miriam Dalli said: “What we are simply doing is asking the Commission to wait one year,” External link

politico-eu Wednesday, December 13, 2017 4:01:00 PM CET

Monique Goyens said: “Now we need member states to require that kebab vendors clearly inform consumers on the presence of phosphates in their meat through labeling and check they do so,” External link

politico-eu Wednesday, December 13, 2017 4:01:00 PM CET

Gabriel Bernardino said: “To strengthen the transparency of PEPP supervision towards EU consumers, I would propose that EIOPA should be mandated to publish an annual report on PEPP supervision activities, performed throughout Europe” External link

ipe Wednesday, December 13, 2017 3:34:00 PM CET

Vytenis Andriukaitis said (about Anca Paduraru): "I am very pleased that we have started the process of implementing the new Plant Health regulation. The introduction of a harmonised plant passport is only the first step in modernising the rules to protect EU plants, economy and agriculture.'' Starting from 14 December 2019, plant passports will be required to accompany all consignments of plants traded between professionals within the European Union territory. These labels will guarantee that the plants were grown under official supervision, in the absence of regulated pests and will ensure their traceability. The common format of plant passports will make them easier to recognise throughout the EU, while the changes will increase the transparency of the EU Plant Health Regime and significantly enhance stakeholders' awareness. More information on the is available online. ( new Plant Health Law and the EU Plant Health Regime For more information: Anca Paduraru Tel.: +32 229 91269; Aikaterini Apostola Tel.: +32 229 87624) Endocrine disruptors: Member States endorse Commission's proposal to identify criteria for plant protection products. Today, at the meeting of the Standing Committee for Plant, Animals, Food and Feed, Member States endorsed the criteria for the identification of endocrine disruptors in the context of the plant protection products legislation. The criteria take into account the views of the European Parliament expressed, on 4 October, on an earlier draft Regulation endorsed by Member States in July. The criteria endorsed today therefore do not include a specific provision for the so-called " External link

europa-pressReleases Wednesday, December 13, 2017 1:10:00 PM CET

Angelika Niebler sagte: „Und da ist die EVP-Fraktion davon überzeugt, dass die Rechte der Schwächsten – der Drehbuchautoren, der Regisseure und ausübenden Künstler sowie die gesamten Kreativen in Europa – gestärkt werden müssen“ External link

netzpolitik Wednesday, December 13, 2017 12:53:00 PM CET

Babatunde Irukera argued: “companies have both commercial and social contracts with consumers” External link

vanguardngr Wednesday, December 13, 2017 1:13:00 AM CET

Angelika Niebler sagte: „Und da ist die EVP-Fraktion davon überzeugt, dass die Rechte der Schwächsten – der Drehbuchautoren, der Regisseure und ausübenden Künstler sowie die gesamten Kreativen in Europa – gestärkt werden müssen“ External link

netzpolitik Tuesday, December 12, 2017 8:23:00 PM CET

Julio Barea afirma: «Sabemos que es difícil luchar contra la poderosa industria cosmética, pero no es imposible» External link

lasprovincias Tuesday, December 12, 2017 2:31:00 PM CET

Marc Tarabella said: “I will speak against the proposed authorisation of phosphoric acid, diphosphates, triphosphates and polyphosphates in kebab meat,” External link

euractiv-en Tuesday, December 12, 2017 12:19:00 PM CET

Alexandre Allard said: “We believe that the very tight timeline for this project is likely to give rise to significant difficulties,” External link

montrealgazette Monday, December 11, 2017 10:31:00 PM CET

Jess McIntosh said: "SiriusXM Progress is home to some of the most important voices in our movement right now, so a collaboration is an especially exciting opportunity for Shareblue Media as we continue to grow at breakneck speed," External link

marketwatch Monday, December 11, 2017 9:00:00 PM CET

Zerlina Maxwell said (about Donald Trump): "The election of Donald Trump has energized the Progressive base like never before," External link

marketwatch Monday, December 11, 2017 9:00:00 PM CET

Dermot Jewell says: “Irish consumers have, for too long, been issued with credit notes and vouchers – paid for in hard cash – with expiry dates that, in reality, devalue their money within an unacceptable and retailer-determined three-, six- or 12-month period of time,” “After that period of time the note becomes of nil value – a worthless piece of paper – but no loss to the retailer with money-for-nothing safely in the bank” External link

irishtimes Monday, December 11, 2017 1:05:00 AM CET

Catherine Murphy said: “We believe there is no reason for any further delay. Customers are being fleeced while we wait on the Government to act. If the European Union requires further changes then let those changes be made whenever there is a final decision,” External link

irishtimes Monday, December 11, 2017 1:05:00 AM CET

Stephan Weil sagt: "Wir als Wirtschaft sind selbstverständlich der Meinung, dass Schäden ersetzt werden müssen" External link

deutschlandfunk Saturday, December 9, 2017 7:50:00 PM CET

Andreas Tilp kontert: "Schauen Sie sich Volkswagen an: Glauben Sie ernsthaft, das ist ein Beispiel für die böse US-Klägerindustrie? Volkswagen hat die Leute doch betrogen, so einfach ist der Fall. Sie haben es in den USA auch eingeräumt" External link

deutschlandfunk Saturday, December 9, 2017 7:50:00 PM CET

Duff Conacher says: “Government is there to ensure that businesses treat people fairly and at fair prices and no finance minister or federal government has done anything to ensure that for financial consumers in the past 30 years,” External link

TorontoStar Friday, December 8, 2017 4:57:00 PM CET

Duff Conacher says: “This is the best way to empower and inform the consumer,” External link

TorontoStar Friday, December 8, 2017 4:57:00 PM CET

Rodrigo Rocha explains: “when there is a price increase that is not accompanied by an increase in costs for the supply of the same, where we can see that the agent’s profit margin is rising without an increase in costs we are facing a situation which the Consumer Protection Law prohibits. ” External link

clubofmozambique Friday, December 8, 2017 1:14:00 PM CET

Monique Goyens zegt: "Maar de EU kan nog meer doen voor de consumenten" "Zo blijft het testen van de CO2-uitstoot in echte omstandigheden afwezig. Dat is nochtans hard nodig, omdat de echte uitstoot meer dan 40 procent hoger ligt dan wat laboratoriumtests aangeven. Zo’n situatie kan niet blijven duren, en we blijven er bij beleidsmakers op aandringen om actie te ondernemen" External link

dewereldmorgen Friday, December 8, 2017 12:09:00 PM CET

Julia Poliscanova zegt: "Meer dan twee jaar nadat Volkswagen in de VS tegen de lamp liep, kunnen we eindelijk zeggen dat Europa een beter systeem heeft om valsspelers te betrappen" External link

dewereldmorgen Friday, December 8, 2017 12:09:00 PM CET

Monique Goyens zegt: "We zijn blij dat de EU minimumdoelstellingen heeft gesteld voor tests bij auto’s in gebruik, vooral omdat de lidstaten daar in gebreke blijven. Meer Europese controle kan ook helpen om belangenconflicten binnen de lidstaten te vermijden" External link

dewereldmorgen Friday, December 8, 2017 12:09:00 PM CET

James Debney concluded: "In Firearms, shipments of our new M&P branded polymer products in full-size, compact, and concealed carry models helped to offset lower orders in other product categories. While we were pleased that our firearm inventory at distributors declined slightly during the quarter, we believe that orders were negatively impacted by heightened channel inventory from multiple manufacturers at retail. As expected, our internal inventories peaked during the quarter, as we prepared for a number of new firearm product launches. Since then, we have reduced our internal production output levels and our outsourced capacity to help lower inventories and better balance production to demand. For the second half of fiscal 2018, our focus remains on ensuring that our internal manufacturing resources are aligned with demand. In addition, we intend to introduce several exciting new products, and execute on long-term organic growth initiatives that support our vision of being the leading provider of quality products for the shooting, hunting, and rugged outdoor enthusiast," External link

kswo Thursday, December 7, 2017 10:28:00 PM CET

Renate Kunast erklärte: "Den Verbraucherschutz absenken, um gleiche Wettbewerbsbedingungen für Bahn, Bus und Flugzeug herzustellen, ist der falsche Weg" External link

news-yahoo-de Thursday, December 7, 2017 2:08:00 PM CET

Josh Shapiro said: "PayPal did the right thing in alerting our office of the breach, and now is working with us to protect Pennsylvania consumers," External link

readingeagle Thursday, December 7, 2017 5:02:00 AM CET

Josh Shapiro said: "We want Pennsylvanians who believe they've been affected by this latest breach or the other breaches to file complaints with us," "Our goal is to force change in corporate behavior, so companies entrusted with our most secure information take substantive steps and implement the best technology to safeguard it better in the future" External link

readingeagle Thursday, December 7, 2017 5:02:00 AM CET

Babatunde Irukera said: “It is a bill of rights that will be translated in many languages and will capture regulations on guarantees and warrantees, refunds, returns and repairs, and many others,” External link

punchng Thursday, December 7, 2017 12:15:00 AM CET

Robert Cooper said: “Companies whose common carrier activities represent only a minuscule portion of their business could bootstrap that status into an exemption from FTC oversight of even non-common carrier activities,” External link

WashingtonPost Thursday, December 7, 2017 12:14:00 AM CET

David Vladeck said: “The Ninth Circuit opinion threatens to carve out an enormous swath of the economy from FTC oversight,” “Google's currently under two FTC consent decrees. Who knows whether those decrees would stand” External link

WashingtonPost Thursday, December 7, 2017 12:14:00 AM CET

Robert Cooper said: "Companies whose common carrier activities represent only a minuscule portion of their business could bootstrap that status into an exemption from FTC oversight of even non-common carrier activities," External link

WashingtonPost Wednesday, December 6, 2017 9:10:00 PM CET

David Vladeck said: "The Ninth Circuit opinion threatens to carve out an enormous swath of the economy from FTC oversight," External link

WashingtonPost Wednesday, December 6, 2017 9:10:00 PM CET

Sherrod Brown said: “Deregulating banks, there’s no evidence this grows the economy any more than giving tax cuts to corporations and cutting their taxes 40 percent, from 35 to 20, is going to mean higher growth,” “It doesn’t mean higher wages. We know, what will happen with bank deregulation is executives and shareholders get bonuses and families get stuck with the tab when increased risk taking catches up with Wall Street. This is again, just like the tax bill” External link

missoulian Wednesday, December 6, 2017 6:12:00 PM CET

Sherrod Brown said: “Deregulating banks, there’s no evidence this grows the economy any more than giving tax cuts to corporations and cutting their taxes 40 percent, from 35 to 20, is going to mean higher growth,” “It doesn’t mean higher wages. We know, what will happen with bank deregulation is executives and shareholders get bonuses and families get stuck with the tab when increased risk taking catches up with Wall Street. This is again, just like the tax bill” External link

missoulian Wednesday, December 6, 2017 1:08:00 PM CET

Carlo De Masi prosegue (about Carlo De Masi): “Esprimiamo soddisfazione per l’approvazione all’unanimità alla Camera della proposta di legge sulle fatturazioni a conguaglio per l’erogazione di energia elettrica, gas e servizi idrici – dichiara Carlo De Masi presidente di Adiconsum nazionale – Si tratta di un importante tassello nella tutela di consumatori e di piccole e medie imprese, vittime in questi anni dei maxi conguagli. Ci auguriamo che il Senato riservi a tale proposta di legge un iter altrettanto breve e che la stessa veda la luce in questa legislatura – (\*) – Comunichiamo sin da ora la nostra disponibilità a lavorare con il Ministero dello Sviluppo economico per l’approvazione del Regolamento contenente termini e modalità per la sospensione dei pagamenti e per i rimborsi e con l’Autorità per l’energia elettrica il gas e il sistema idrico per la determinazione delle forme attraverso le quali i distributori garantiscono l’accertamento e l’acquisizione dei consumi effettivi” External link

helpconsumatori Wednesday, December 6, 2017 10:24:00 AM CET

Prof Dr erläutert: „Die OTH Amberg-Weiden ist anwendungsorientiert ausgerichtet und mit Firmen, Verbänden und wissenschaftlichen Instituten sehr gut vernetzt“ External link

recyclingportal Wednesday, December 6, 2017 9:21:00 AM CET

Steve Bannon said (about Donald Trump): "As I have said all along, everything I brought to the Trump campaign came directly from the listeners I spoke with every morning on Breitbart News Daily on SiriusXM's Patriot channel," "From the moment I left the White House, getting back behind the microphone was very important to me. To get on the road outside the Beltway and to spend time with the great men and women of America is an honor" External link

4-traders Tuesday, December 5, 2017 6:41:00 PM CET

Steve Bannon said (about Donald Trump): "As I have said all along, everything I brought to the Trump campaign came directly from the listeners I spoke with every morning on Breitbart News Daily on SiriusXM's Patriot channel," "From the moment I left the White House, getting back behind the microphone was very important to me. To get on the road outside the Beltway and to spend time with the great men and women of America is an honor" External link

prnewswire Tuesday, December 5, 2017 6:40:00 PM CET

Kevin Mitchell says: “The DOT can’t effectively protect consumers from unlawful airline conduct,” External link

WashingtonPost Sunday, December 3, 2017 6:25:00 PM CET

Richard Hunt says: “There’s such a gotcha mentality over there,” External link

politico Sunday, December 3, 2017 1:36:00 PM CET

Alan Kaplinsky says: “Now that it’s here, it’s here to stay,” External link

politico Sunday, December 3, 2017 1:36:00 PM CET

George Jepsen said: “It’s always important to remember we served at different times,” External link

ctpost Sunday, December 3, 2017 6:57:00 AM CET

George Jepsen said: “It was just blithering incompetence, a bad business model and the drying up of some of the funding sources,” External link

ctpost Sunday, December 3, 2017 6:57:00 AM CET

George Jepsen said: “Like it or not, there was no basis,” External link

ctpost Sunday, December 3, 2017 6:57:00 AM CET

Harold Feld said: “It would become a total unregulated zone, really and truly,” External link

ibtimes Friday, December 1, 2017 10:24:00 PM CET

Harold Feld said (about Ajit Varadaraj Pai): “What we have argued is that it would be wise to wait and see how the Ninth Circuit decision comes out,” “Even if odds are good the FTC will win and AT&T will lose, the consequences of getting it wrong are catastrophic. If Ajit Pai really believes that the consumer protection afforded by the FTC is enough, then he should wait and delay the vote to make sure that the FTC’s regulatory authority is intact” External link

ibtimes Friday, December 1, 2017 10:24:00 PM CET

Craig Aaron said: “The idea that the FTC will come to the rescue if Net Neutrality is destroyed at the FCC is a bad joke,” External link

ibtimes Friday, December 1, 2017 10:24:00 PM CET

Josh Shapiro told: "We’re demonstrating a capacity to handle these big, complex. consumer financial protection cases," External link

wsau Friday, December 1, 2017 7:29:00 PM CET

John Czwartacki said: “However, of course we will carry out what we are statutorily obliged to enforce,” External link

wsau Friday, December 1, 2017 7:29:00 PM CET

Mark Steward said: “Misleading financial promotions relating to investment schemes cause untold harm to consumers,” External link

cityam Friday, December 1, 2017 12:35:00 PM CET

Peter Hauk betonte: „Eine nachhaltige Lebensmittelkultur kann nur durch souveräne Verbraucher wirken. Das heißt vor allem, dem Verbraucher Orientierung geben, statt ihn zu bevormunden“ External link

focus Thursday, November 30, 2017 1:09:00 PM CET

Peter Hauk betonte: „Die Sicherstellung einer nachhaltigen Landbewirtschaftung und Lebensmittelproduktion ist daher nur durch eine - durchaus genussvolle - Lebensmittelkultur möglich, die von einer ökologischen, ökonomischen und sozialen Verantwortung geprägt ist“ External link

focus Thursday, November 30, 2017 1:09:00 PM CET

Miriam Dalli said: “Europe has a thriving and innovative cosmetics sector, and research efforts on alternative methods have achieved impressive results,” External link

MaltaIndipendent Thursday, November 30, 2017 4:45:00 AM CET

Miriam Dalli added: “Modern science can be based on innovative non-animal technologies and alternatives. This is the message we wish to deliver at global level. We need the support and actions of the Commission and the Council. Therefore, in this resolution, we ask them to promote a global ban on animal testing for cosmetics,” External link

MaltaIndipendent Thursday, November 30, 2017 4:45:00 AM CET

Jeff Hauser said: “a total misreading of Dodd-Frank,” External link

ibtimes Thursday, November 30, 2017 2:15:00 AM CET

Jeff Hauser said: “a high-profile [Senate confirmation] fight about consumer protection that would be bad for the GOP,” “The optics of either a CFPB or IRS fight are just terrible for the administration” External link

ibtimes Thursday, November 30, 2017 2:15:00 AM CET

Jeff Hauser said: “an outrageous scandal, but it’s not on its face illegal,” External link

ibtimes Thursday, November 30, 2017 2:15:00 AM CET

Max Schrems said: "It doesn't make any sense to take on global companies without a solid basis. We want to do this properly, or not at all!" External link

register Wednesday, November 29, 2017 4:04:00 PM CET

Michal Bobek said: "The jurisdictional consumer privilege is always limited to the concrete and specific parties to the contract," External link

register Wednesday, November 29, 2017 4:04:00 PM CET

Elżbieta Bieńkowska said: “Today we boost our collective ability to catch the ‘big fish’ behind fake goods and pirated content which harm our companies and our jobs - as well as our health and safety in areas such as medicines or toys” External link

irishtimes Wednesday, November 29, 2017 1:25:00 PM CET

Christian Höppner : "Ein solch transparentes und diskriminierungsfreies Modell erscheint als Musterlösung für den künftigen Umgang mit digitalen Daten und Angeboten. Diese Log-in-Allianz stärkt die Position der europäischen Unternehmen in diesem wichtigen Zukunftsbereich" External link

finanznachrichten Wednesday, November 29, 2017 12:40:00 PM CET

Alex Stewart pravi: „Tudi, če bi moral potrošnik za novo baterijo plačati 5.000 evrov, bi še vedno privarčeval nekaj tisoč evrov v primerjavi z nakupom avtomobila z motorjem na notranje zgorevanje,“ External link

zurnal24 Thursday, October 19, 2017 2:20:00 PM CEST

Violeta Bulc : "Hrup prometa je kriv za najmanj 10.000 prezgodnjih smrti v EU letno, več kot 450.000 prezgodnjih smrti pa onesnažen zrak" External link

vecer Monday, October 23, 2017 7:55:00 AM CEST

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