News Updates – June 2008

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Consumers lack protection, retailer respect
Vietnam News, Vietnam-June 30, 2008

HA NOI — In Viet Nam, it seems the customer is always wrong, but plans are in motion to change this state of affairs by 2010.

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Local firms get global trade dispute support
Vietnam Net Bridge, Vietnam-June 27, 2008

VietNamNet Bridge - The Vietnam Chamber of Commerce and Industry’s Legal Department on June 26 officially launched the Trade Remedies Council (TRC) to provide support to domestic associations and enterprises in coping with possible global trade disputes.

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Intellectual property law explained
Vietnam News, Vietnam-June 25, 2008

In making provisions for civil intellectual property (IP) infringement actions, the IP Law of 2006 encourages brand owners to enforce their IP rights through the courts.

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Shoe firms face EU dumping tariffs
Vietnam News, Vietnam-June 24, 2008

HA NOI — The National Association of Italian Footwear Manufacturers (ANCI) is planning to ask the European Union to renew antidumping tariffs on non-athletic leather shoes exported to the EU from China and Viet Nam, the Vietnamese Ministry of Industry and Trade reported yesterday.

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EC’s decision to stop GSP being applied to VN leather shoes ‘unfair’
Vietnam News, Vietnam-June 24, 2008

Industry and Trade Deputy Minister Nguyen Thanh Bien spoke with the press about the European Commission’s decision to exclude Vietnamese leather shoe exports to the EU from the list of products eligible for the Generalised System of Preferences.

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Japan ratifies free trade pact with ASEAN
AFP - June 20, 2008

TOKYO (AFP) — Japan ratified a free trade accord with the Association of Southeast Asian Nations on Saturday as the country's divided parliament ended its session.

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Drug regulator trying to bail out industry
Vietnam News, Vietnam-June 17, 2008

HCM CITY — The drugs watchdog has withdrawn on a temporary ban on raising drug prices, one of several measures intended to support pharmaceutical companies that are going through a tough period.

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VN loses EC footwear preferences
Vietnam News, Vietnam, June 14, 2008

HA NOI — The European Commission decided to abolish the Generalised System of Preferences (GSP) for Viet Nam’s leather shoes imported into the European Union market.

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Consumer ire puts ATM charges on hold
Vietnam News, Vietnam, June 14, 2008

HA NOI — After first announcing that all ATM transactions would be charged a minimum fee of VND1,000 starting in July, the Viet Nam Bank Card Association have now reconsidered their plan following questions about the current state of ATM services and infrastructure.

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Vietnam may be heading towards financial crisis
International Enterprise Singapore, Singapore, June 05, 2008

FEARS are rising that Vietnam may be headed for a financial meltdown after a rapid reversal of its economic fortunes. A heady mix of runaway inflation, a ballooning trade deficit and a possible banking sector blow-up is sparking a growing cacophony of warnings by economists.

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Oil firms say all’s well while stations close
Vietnam News, Vietnam, June 04, 2008

HCM CITY — Oil companies have assured there is no petroleum shortage in the wake of a sudden closure this week of some filling stations in HCM City and the Mekong Delta province of Tien Giang.

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