In the letter, the Trade Remedies Authority of Viet Nam expressed concern about the Philippines’ initiation of three safeguard investigations on steel products imported into the country, including aluminium zinc sheets, coils and strips, pre-painted galvanized iron and pre-painted aluminium zinc, and galvanized iron sheets, coils and strips. … [Read more...] about Vietnam asks to be excluded from Philippines’ investigations on steel
The inability to change crews is impacting the welfare of sailors, which could lead to an increase in human error on board vessels. Disruption of essential maintenance and servicing heightens the risk of machinery damage, which is already one of the major causes of insurance claims. Reduced or delayed statutory surveys and port inspections could lead to unsafe practices or defective equipment being undetected. Cargo damage and delay are likely as supply chains come under strain. The ability to respond quickly to an emergency could also be compromised with consequences for major incidents which are dependent on external support. The growing number of cruise ships and oil tankers in lay-up around the world pose significant financial exposures, with many of them anchored in typhoon-exposed areas in Asia or hurricane-exposed areas in North America. "Ship-owners also face additional cost pressures from a downturn in the economy and trade," says Captain Rahul Khanna, Global Head of Marine … [Read more...] about Allianz: Asian waters account for most shipping losses even as global numbers hit record low
Vietnam is one of the most important partners of ours and provides policies and financial packages to Japanese companies to invest and do their business in Vietnam, focusing on such industries as power, energy, and manufacturing. Most assistance from us is spent on power projects, equivalent to 13 per cent of the total power supply, including electrification, thermal power, and some projects related to altering renewable energy. … [Read more...] about Japanese companies enticed by local investment climate
The epidemic has made US businesses realize that they need to choose production locations which not only allow them to optimize production costs, but also have the capability to resist shocks and risks. The figure is expected to create a positive effect on decisions by American investors to expand their production and business to non-China markets. … [Read more...] about Will US investors head for Vietnam after leaving China?
Lam said the inspection teams, including an inter-sectoral team from the Ministry of Industry and Trade, the General Department of Standards, Metrology and Quality, the Vietnam Consumer Protection Association and EVN, have conducted inspections at all five Power Corporations across Viet Nam on electricity meter readings and bill calculations. … [Read more...] about Vietnam Electricity announces test results of electricity bills