Search Results for: Vietnam

Vietnam’s knitwear sector has gained additional orders from western buyers especially since allegations that Chinese manufacturers have used cotton produced by forced labour in China’s cotton-producing province Xinjiang gathered steam. With the USA especially placing import restrictions on such products and the European Union (EU) mulling additional barriers, Vietnam’s major knitwear sector has looked set to continue benefiting from this political response.…

As construction ramps up, paint and coatings companies are eyeing lucrative opportunities in Indonesia’s new capital Nusantara, with several recent project launches promising a significant boost to the industry.

Outgoing President Joko Widodo recently inaugurated several key projects in Nusantara, including the emerging city’s international airport, hospitals, schools and housing.…

The doomsayers who in 2022 predicted the collapse of cryptocurrency as a major payment instrument have been proved wrong, meaning that AML regulators and obliged entities will need to focus hard to fight the abuse of these digital payment systems by criminals.…

Six months after the European Union (EU) and the Philippines announced their intention to explore relaunching negotiations for a free trade agreement (FTA), observers in this south-east Asian outsourcing hub are optimistic that the FTA will be realised. But they are prepared to haggle, seeing the impact on Philippines on garment exports as depending on the detailed agreed text.…

China still enjoys its dominance in the global garment supply chain, despite the “friendshoring” and “nearshoring” strategies used by western companies leveraging the geopolitical tension between China and the West in recent years.

A key reason is China’s longstanding track-record as a reliable clothing and textile supplier to global markets: “China is one of our top five largest sourcing markets.…

The seizure of criminal proceeds has been a policy priority of the current Singaporean presidency of FATF (the Financial Action Task Force) (1). But while it and jurisdictions such as the European Union (EU) are developing reforms to boost asset recovery, more change is needed for this tactic to become a truly effective weapon against organised crime.…

A detailed UN Office on Drugs & Crime (UNODC) report has called on governments in east and southeast Asia to proactively prevent the growth in illicit gambling services in the region, which are being abused by money launderers. These combine physical gambling locations with online gaming, with cryptocurrency being used to stake and collect on bets along with fiat currency.…

An Interpol police operation cracking down on online financial crime across 34 countries (1) worldwide led to 3,500 arrests and saw a total USD300 million seized – USD199 million in hard currency and USD101 million in virtual assets. The global agency’s six-month HEACHI IV operation, which ran from July to December 2023, targeted seven types of cyber-enabled swindles: voice phishing, romance scams, online sextortion, investment fraud, money laundering associated with illegal online gambling, business email compromise fraud and e-commerce fraud.…

Practical programmes and strategies that enable universities and colleges to drive forward sustainable practices and knowledge to fight and manage climate change are increasingly needed, a UNESCO-sponsored workshop heard this week in Dubai.

Staged on Wednesday (December 6) as the United Arab Emirates hosts the COP28 conference of the United Nations Framework Convention on Climate Change (UNFCCC) this month, HE experts stressed such work needs to extend to less economically developed countries.…

Vietnam’s businesses in export-focused garments and footwear manufacturing are facing up to the challenge of becoming greener. This realisation comes even as the country benefits from free trade agreements (FTA), such as the 2019 European Union (EU)-Vietnam Free Trade Agreement (EVFTA) and the 2020 UK–Vietnam Free Trade Agreement (UKVFTA).…