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Sunday, December 17, 2017

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Joe Oliver concluded: “Three strikes and you’re out,” External link

manilatimes Sunday, December 17, 2017 5:37:00 PM CET

Fang Xinghai said: “China’s savings are ample and we should create conditions to turn more savings into capital of innovative firms, rather than letting most of the savings stay in the property market,” “If we can achieve this, China’s economy will move up to a new level” External link

iran-daily Sunday, December 17, 2017 12:43:00 PM CET

Fang Xinghai said: “China’s savings are ample and we should create conditions to turn more savings into capital of innovative firms, rather than letting most of the savings stay in the property market,” “If we can achieve this, China’s economy will move up to a new level” External link

arabnews Sunday, December 17, 2017 1:24:00 AM CET

Fang Xinghai said: “China’s savings are ample and we should create conditions to turn more savings into capital of innovative firms, rather than letting most of the savings stay in the property market,” “If we can achieve this, China’s economy will move up to a new level” External link

gulf-times Saturday, December 16, 2017 8:13:00 PM CET

Fang Xinghai dijo: "Las reservas de China son importantes y deberíamos crear las condiciones para convertirlas en capital de empresas innovadoras, en lugar de dejar que la mayoría permanezca en el mercado inmobiliario" "Si podemos lograrlo, la economía de China pasará a un nuevo nivel" External link

americaeconomia Saturday, December 16, 2017 6:49:00 PM CET

Jarosław Flis said: "The idea to build up international credibility seems rational," External link

timesofoman Saturday, December 16, 2017 12:57:00 PM CET

Mateusz Morawiecki told: "We want to transform Europe, this is my dream, to re-christianise it," External link

timesofoman Saturday, December 16, 2017 12:57:00 PM CET

Leszek Balcerowicz said (about Mateusz Morawiecki): "What Morawiecki sees as a solution, meaning more political influence in the economy, is actually dangerous," External link

timesofoman Saturday, December 16, 2017 12:57:00 PM CET

Fang Xinghai said: "China's savings are ample and we should create conditions to turn more savings into capital of innovative firms, rather than letting most of the savings stay in the property market," "If we can achieve this, China’s economy will move up to a new level" External link

4-traders Saturday, December 16, 2017 11:44:00 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

Roberto Azevedo disse: "Você pode continuar com esse modelo de consenso para certas coisas, e para outras, há um grupo grande de países que está decidindo experimentar outra forma de negociar. É algo novo, que ganhou ímpeto em Buenos Aires. Temos que ver como isso evolui, é uma maneira de trazer novos 'aires'" External link

uol Friday, December 15, 2017 9:05:00 PM CET

Franco Mirabelli proseguito: “Abbiamo bisogno di costruire un’Europa politica perché l’Europa economica e finanziaria oggi hanno creato un distacco. Proseguendo in questa direzione, l’Europa si indebolirà ulteriormente. – (\*) – Di fronte alla crisi, alle difficoltà dell’oggi e di fronte ai grandi problemi che l’Europa mostra di non saper affrontare in maniera unitaria, si sono create delle situazioni per cui ha prevalso la risposta antistorica e sbagliata del tornare indietro, rinchiudendosi nei vecchi confini nazionali e nel protezionismo che è il contrario di ciò che occorrerebbe fare” External link

agenpress Friday, December 15, 2017 7:45:00 PM CET

Franco Mirabelli concluso: “Un aspetto importante – (\*) – riguarda l’assetto istituzionale dell’Unione Europea. Costruire un’Europa politica vuol dire costruire un meccanismo diverso da quello attuale rispetto alla rappresentanza. Oggi ci sono tre organismi: Parlamento Europeo (eletto dai cittadini), Commissione Europea e Consiglio Europeo (formato dai Governi dei singoli Stati) e chi decide realmente è sempre il Consiglio mentre dobbiamo spostare sul Parlamento Europeo il potere decisionale perché è lì che i cittadini hanno scelto i propri rappresentanti attraverso il voto. Probabilmente anche il Presidente della Commissione Europea sarebbe bene che venisse eletto dai cittadini per dare un vero peso politico all’Europa. L’Europa deve diventare, quindi, un luogo in cui un vero organismo democratico decida per tutti sulle grandi questioni e agli Stati nazionali siano riservate alcune competenze” External link

agenpress Friday, December 15, 2017 7:45:00 PM CET

Nathan Sheets said: “The way you make progress with China is a yard at a time,” External link

hellenicshippingnews Friday, December 15, 2017 3:19:00 PM CET

Wei Jianguo said: “We have been aware that the U.S. is backing away from the global system, and we are getting prepared,” External link

hellenicshippingnews Friday, December 15, 2017 3:19:00 PM CET

Andre Sapir said: "In retrospect, 2017 could mark the beginning of the end of the rules-based free trade order and the system unraveling," External link

wsau Friday, December 15, 2017 2:13:00 PM CET

Andre Sapir said: "The new U.S. administration does not want to work within multilateral frameworks. It wants bilateral deals," External link

wsau Friday, December 15, 2017 2:13:00 PM CET

Cecilia Malmstroem sagte: »Es gab kein Verhandlungsergebnis, wir waren nicht einmal in der Lage, uns über einen Stopp der Subventionen für illegale Fischerei zu einigen« External link

neues-deutschland Thursday, December 14, 2017 9:56:00 PM CET

Ivan Scalfarotto precisato: “Oltre al lavoro multilaterale l’Italia a Buenos Aires allo stesso tempo ha portato avanti, con gli altri paesi Ue e la Commissione, il negoziato con l’Argentina e i paesi del Mercosur” External link

agenparl Thursday, December 14, 2017 5:09:00 PM CET

Susan Danger afferma: "uno dei mercati più grandi e attraenti del mondo" External link

milanofinanza Thursday, December 14, 2017 9:47:00 AM CET

Cecilia Malmstroem afirmou: “Não fizemos nada mais além da decisão de seguir a conversar” External link

24-sapo Thursday, December 14, 2017 8:13:00 AM CET

Cecilia Malmstroem disse: "Há avanços, mas ainda não são suficientes. Nos aproximaremos de um acordo nas próximas semanas" External link

clicrbs Thursday, December 14, 2017 1:01:00 AM CET

Jean Baptiste Lemoyne acrescentou: "A negociação vai continuar em janeiro" External link

clicrbs Thursday, December 14, 2017 1:01:00 AM CET

Matthias Machnig sagte: "Es wäre ein wichtiges Signal insgesamt, dass Handelspolitik funktioniert, dass wir bilateral in der Lage sind, Handelsvereinbarungen zu treffen" External link

finanzen-at Tuesday, December 12, 2017 8:18:00 PM CET

Juha Sipila totesi: – Ajamastamme keskitien etenemisestä ei tullut vain Suomen, vaan koko Euroopan yhteinen linja, External link

yle Wednesday, November 22, 2017 7:10:00 PM CET

Laura Huhtasaari sanoi: – Keskusta haluaa Suomeen islamilaisia arvoja ja isänmaata on myyty kansainvälisille sijoittajille ja suomalaisilta viedään salamitaktiikalla oikeus päättää omasta kohtalostaan itse. EU:n liittovaltio etenee joka alueella, External link

yle Wednesday, November 22, 2017 7:10:00 PM CET

Juha Sipila toteaa: – Suomi on asettunut vastahankaan sitovan energiatehokkuustavoitteen ja tehokkaan suhteen, Aalto väitti. hiilinielupolitiikan EU:n on ajettava avointa ja vapaakauppaa puolustavaa kauppapolitiikkaa. Sipilän mukaan EU:ssa ei ole tilaa protektionismille. Vapaakauppaneuvottelut on saatava kunnialla päätökseen ja on pyrittävä löytämään uusia kauppakumppaneita, External link

yle Wednesday, November 22, 2017 7:10:00 PM CET

Suresh Prabhu siger: »Vi har i mange år drøftet de særlige forhold af interesse for udviklingslandene, som Doha Runden omfatter. Vi ser intet behov for at sætte nye emner på dagsordenen, så længe udviklingslandenes andragender ikke er realitetsforhandlet. Der er i WTO en tendens til hele tiden at ville drøfte nye tiltag uden at afslutte dem, der ligger foran os. Vi må bevare fokus,« External link

epn Wednesday, November 22, 2017 7:51:00 AM CET

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