Illustrative image (Photo: VNA) Hanoi (VNS/VNA) - Many container shipping lines have announced further increases in transportation fees starting from late May, causing difficulties for import-export companies. Six months on from when a lack of containers globally pushed up marine transportation fees, import and export companies were expecting that the fees would be reduced thanks to the vaccination campaigns which helped control COVID-19. However, experts said it would be very difficult for the container shipping fees to come back to the pre-pandemic levels despite successfully containing the virus and no severe shortage of containers. But from mid-May, several container shipping lines announced increases in transportation fees from 400 USD to more than 1,000 USD per container. Germany’s Hapag-Lloyd raised the general rate increase (GRI) for routes from East Asia (including Vietnam) to the US and Canada to 960 USD per 20 feet container and 1,200 USD per 40 feet … [Read more...] about Shipping lines continue to increase fees, firms face more difficulties
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Green growth and the public healthcare system are highlighted at the conference. Representatives of the Asia and Pacific stressed the need to shift focus on the green and inclusive economy in the region in the post-pandemic era at a high-level conference on belt and road cooperation, which was held online on June 23. Participants at the conference on June 23. Photos: Baoquocte The participants argued that the pandemic has increased the burden on communities and vulnerable groups in developing countries as they are facing the existing long-term impacts of climate change. These countries are now experiencing the risk of a multi-speed recovery across the region, because of the different levels of containment and management of the Covid-19 outbreak. The focus on green recovery should be directed towards decarbonizing the regional economies in a certain timeline, ending fossil fuel subsidies, tackling air pollution, stepping up ambition in the Nationally … [Read more...] about Belt and Road cooperation expected to support green economy
During a reception in Hanoi on June 23 for Minister Chung, Chinh congratulated the RoK Government on its achievements in the fight against COVID-19, and economic recovery while highlighting the New Southern Policy Plus of the RoK Government. He stressed that both sides need to continue strengthening political trust to promote other cooperation fields that match their potential. The PM suggested fulfilling the goal of lifting two-way trade to 100 billion USD in a balanced, sustainable and effective manner, with priority given to the import of Vietnamese goods of strength such as farm produce and fruits. The Vietnamese Government encourages and creates favourable conditions for RoK firms to expand investment in Vietnam, especially in digital transformation, manufacturing and processing, renewable energy and medicine, he said. He thanked the RoK Govenrment for continuing to provide official development assistance (ODA) for Vietnam, expanding labour cooperation in the RoK, and … [Read more...] about PM hails Vietnam visit by RoK Foreign Minister
Videos are becoming a key media form, according to Supriya Singh, product marketing manager, Business Integrity, APAC The consumption of online videos quadrupled during COVID-19, according to a WARC survey conducted across 10 markets, doubling the company’s forecast figure before the outbreak. Consumers spend around four hours a day watching online videos and 75 per cent reported maintaining these viewing levels afterward, particularly men. On June 23, Facebook hosted the virtual event “Facebook Video Summit 2021”, sharing interesting findings on video consumption in Vietnam in the new normal as well as recommendations for brands and businesses to grab better insights into user behaviours. Key findings and recommendations for businesses are: Social video becomes the new normal From 2013 to 2020, time spent using social media has increased by over 40 per cent. More than 70 per cent of the total population are internet users. Amongst them, about 95 per cent of users … [Read more...] about Social video becomes the new normal
Lạch Huyện Port, Hải Phòng Province. Establishing a working group to tackle container shortages and stabilise logistics fees, together with a number of other solutions, is necessary to promote economic recovery in the pandemic, according to the Việt Nam Chamber of Commerce and Industry. — VNA/VNS Photo HÀ NỘI — The Việt Nam Chamber of Commerce and Industry (VCCI) has proposed an inter-ministerial working group be founded to tackle the container shortage and stabilise logistics fees which have skyrocketed recently. This was one among the proposals VCCI sent to the Ministry of Planning and Investment regarding the project to support the Vietnamese economy in the current situation. VCCI said that logistics costs saw strong increases from 2020, coupled with an increasingly severe shortage of containers. For example, transportation fees from Việt Nam to Southampton, UK, increased from US$1,600 in early 2020 to $5,000 in December and now $9,100 per … [Read more...] about VCCI proposes working group to tackle container shortage, stabilise logistics fees
Violating COVID-19 pandemic prevention and control regulations in Ho Chi Minh City is punishable by a fine worth up to VND40 million (US$1,730). Due to the increasingly serious developments of the pandemic, the municipal People’s Committee issued directive No. 10 on Saturday evening to enforce stricter virus prevention and control measures, namely shutting down unofficial markets, limiting public gatherings to three people, and suspending public transport. Hefty fines are to be imposed on violators to make sure these regulations are obeyed. A VND1-3 million ($43-130) fine has been authorized for those who fail to wear face masks in public places. Participating in a gathering of more than three people in public is punishable by a fine worth VND10-20 million ($434-869) for each offender. Failure to comply with authorities’ order to shut down non-essential businesses and unofficial markets is punishable by a VND10-20 million ($434-869) fine. Those who fail to report a … [Read more...] about How are violators of COVID-19 preventive measures penalized in Ho Chi Minh City?