Public procurement role in WTO highlighted

The Ministry of Planning and Investment and the Secretariat of the World Trade Organisation (WTO) jointly held a seminar entitled “Government Procurement Agreement within WTO” (GPA) in Hanoi on May 10. Addressing the event, Deputy Minister of Planning and Investment, Dang Huy Dong, said that the event offers Vietnam a chance to gain an understanding [...]

WTO commitments require legal reforms

Since its accession to the World Trade Organisation four years ago, Viet Nam has gradually opened its doors to more foreign competition and strived to harmonize its maze of domestic laws with its WTO commitments. Sections 502 y(d 503 of the Report of the Working Party on Accession of Viet Nam to the WTO confirmed, [...]

WTO proves boon, bane for economy

Viet Nam’s succession to the World Trade Organisation has been positive for its economy but it also poses big challenges, according to the Central Institute of Economic Management. “International economic integration impacts all sectors of the economy, especially international trade and investment, which boosts domestic production, creates employment, and reduces poverty,” Pham Lan Huong, head [...]

Vietnam as WTO member – advantages and challenges

Vietnam’s legal system and economic policies have improved since it joined the World Trade Organisation (WTO), said former Deputy Prime Minister Vu Khoan in an interview granted to a VOV reporter this week. Reporter: What effect do you think about Vietnam’s joining the WTO has had on its economy? Mr Khoan: There have been positive [...]

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