Month: June 2022

Vietnam and Japan officially signed the Vietnam Japan Free Trade Agreement (VJFTA) on December 25, 2008. This agreement has been in effect since October 1, 2009 and has brought benefits to both countries.

The VJFTA is a comprehensive trade agreement that aims to promote economic integration and enhance trade and investment between Vietnam and Japan. Under this agreement, Vietnam and Japan have agreed to eliminate tariffs on a wide range of goods and services.

One of the main benefits of the VJFTA is that it has helped to increase Vietnam`s exports to Japan. As Japan is one of the largest economies in the world, expanding trade with Japan has been a priority for Vietnam. Since the implementation of the VJFTA, Vietnam`s exports to Japan have increased significantly. In 2018, Vietnam`s exports to Japan were valued at USD 21.2 billion, a 14.8% increase from the previous year.

The VJFTA has also helped to attract Japanese investment to Vietnam. Japan is one of the largest investors in Vietnam, with Japanese companies investing heavily in the country`s manufacturing and infrastructure sectors. The VJFTA has provided Japanese investors with greater access to the Vietnamese market, making it easier for them to do business in Vietnam.

In addition to boosting trade and investment, the VJFTA has also helped to strengthen the economic ties between Vietnam and Japan. The agreement has facilitated greater cooperation between the two countries in a range of areas, including technology, agriculture, and energy.

Overall, the Vietnam Japan Free Trade Agreement has been a success for both countries. It has helped to increase trade and investment, promote economic integration, and strengthen the economic ties between Vietnam and Japan. As both countries continue to grow and develop, the VJFTA will undoubtedly play an important role in their future economic relations.

Agreements with former employers are becoming increasingly important for professionals. These agreements often determine how employees can use their skills and knowledge in the future, after they have left their former employer. In many cases, these agreements can have a significant impact on a person`s career.

An agreement with a former employer is often referred to as a “non-compete” agreement. This agreement typically prohibits former employees from using their skills and knowledge to compete with their former employer for a certain period of time after their employment has ended.

Non-compete agreements are usually included in employment contracts, but they can also be added as separate documents. The length and terms of the agreement can vary, depending on the industry and the specific employer.

One of the main reasons why employers use non-compete agreements is to protect their intellectual property, including trade secrets and confidential information. These agreements also prevent employees from taking clients or customers with them when they leave their job.

However, non-compete agreements have come under fire in recent years for being overly restrictive and limiting employees` career opportunities. Some states have even passed laws restricting the use of non-compete agreements, arguing that they can stifle innovation and hurt overall economic growth.

As a job seeker, it is important to carefully review any non-compete agreement before accepting a job offer. If you have concerns about the agreement, you can negotiate the terms with your employer or consult with a lawyer.

If you are already employed and have been presented with a non-compete agreement, it is important to review the document carefully and seek legal advice if necessary. You may be able to negotiate the terms of the agreement, or even have it invalidated if it is deemed to be overly restrictive.

In conclusion, agreements with former employers are becoming increasingly common, particularly in industries where intellectual property is important. Understanding the terms of these agreements is crucial for professionals looking to further their careers while avoiding any legal issues.