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The confirmed death toll across the two countries has soared above 4,300 after a swarm of strong tremors near the Turkey-Syria border -- the largest of which measured at a massive 7.8-magnitude. Turkish and Syrian disaster response teams report more than 5,600 buildings have been flattened across several cities, including many multi-storey apartment blocks that were filled with sleeping residents when the first quake struck. In the city of Kahramanmaras in southeastern Turkey, eyewitnesses struggled to comprehend the scale of the disaster. "We thought it was the apocalypse," said Melisa Salman, a 23-year-old reporter. "That was the first time we have ever experienced anything like that." Turkey's relief agency AFAD on Tuesday said there were now 2,921 deaths in that country alone, bringing the confirmed tally to 4,365. There are fears that toll will rise inexorably, with World Health Organization officials estimating up to 20,000 may have died. In Gaziantep, a Turkish city … [Read more...] about Earthquake kills more than 4,300 in Turkey, Syria

A building is destroyed after the earthquake hits Idlib province, Syria, on February 6. (Photo: AFP/VNA) Hanoi (VNA) – There has not been any information confirming Vietnamese citizens are among those affected by a 7.8-magnitude earthquake in Turkey and Syria , the most powerful over the past nearly 100 years. On February 6, the Ministry of Foreign Affairs directed the Vietnamese embassies in Turkey as well as in Iran and Syria to contact local authorities and the Vietnamese expatriate community to update information and be ready to take citizen protection measures in case there are Vietnamese among victims of the disaster that occurred in the morning of the same day. Related fatalities have so far neared 1,800, including at least 783 in Syria and 1,014 in Turkey, with many buildings flattened. According to the US Geological Survey (USGS), the earthquake occurred at about 4:17am (local time) with the epicenter located 17.9 km in depth in Gaziantep province. It … [Read more...] about No Vietnamese citizens affected by earthquake in Turkey, Syria so far

Hai An Transport and Stevedoring Joint Stock Company's after-tax profits were up 90% from 2021 at VND1.050 trillion (US$44.49 million); Petrovietnam Transportation Corp's (PVTrans) was up 39% to VND1.16 trillion; and Vietnam Petroleum Transport's (Vipco) rose by 25 times to VND246 billion. Other logistics firms too reported excellent numbers. Gemadept’s after-tax profits surged by 60% to VND1.15 trillion, its second highest since 2000 when it first publicized financial statements. Vosco’s profits decreased by 0.4% to VND490 billion, but were still the second highest since it listed on the stock market. Vinalines said profits fell by 23% to VND2.5 trillion, but were still second only to 2021. According to data from Freightos, one of the world’s largest freight booking platforms, the cost of sending a container from Asia to the U.S. fell by more than 80% late last year. In the third quarter of 2021 it had been at a record $20,000 per 40-foot container. But thanks to the … [Read more...] about Big shipping firms report record profits

The Vietnamese company, a subsidiary of conglomerate Vingroup JSC (VIC.HM), has been moving to expand in the United States, where it hopes to compete with existing automakers. A VinFast spokesperson said headcount would not shrink in Vietnam where most of the company's staff, including its factory and engineering operations, are located. It was not immediately clear how many jobs would be affected by the U.S. restructuring. VinFast said it had hired about 150 people in the United States, many in sales, support and distribution roles as part of a model that bypasses traditional dealerships. The company, which started operations in 2019, said last week that it would delay its first batch of deliveries to the United States to the second half of February. In late January, VinFast said it was merging its U.S. and Canadian operations into a single business unit. It did not announce any job cuts at the time. VinFast said in a statement to Reuters it was looking to "streamline" … [Read more...] about EV startup Vinfast to cut US jobs amid restructuring

JAKARTA -- Indonesia will suspend some palm oil export permits to secure domestic supply amid rising cooking oil prices ahead of upcoming Islamic festivals, senior cabinet minister Luhut Pandjaitan said on his official Instagram account on Monday. Palm oil exporters had accumulated large shipment quotas last year and they now had little incentive to supply the domestic market, he said. Indonesia issues export permits for palm oil companies that have already sold a proportion of their products to the domestic market, under a policy known as "Domestic Market Obligation" (DMO). The DMO currently allows export volumes that are six times what companies have sold at home. "Exporters can use those export rights after the situation has calmed," said Luhut, Coordinating Minister for Maritime Affairs and Investment. Firman Hidayat, an official at the same ministry, said about a third of existing export quotas could be used now, while the rest could be used after May 1. He added … [Read more...] about Indonesia to suspend some palm oil export permits: officials

Foreign tourists visit Vietnam (Photo: VNA) HCM City (VNA) - Despite near-term trade headwinds, tourism has emerged as a source of growth for Vietnam to mitigate the challenges ahead in 2023, according to the “Vietnam at a glance” report released by HSBC on February 6. The report stressed that January’s data showed Vietnam continues to face difficulties in trade and the inflationary pressure of increasing prices. However, in spite of slowing trade, there are still pockets of resilience in Vietnam’s economy, and tourism will be a key one in 2023. Following its re-opening last March, Vietnam’s domestic tourism has been soaring, easily surpassing its 2022 target of 60 million to over 100 million tourists. Meanwhile, international tourism, which previously accounted for 60% of tourism receipts, saw a tepid recovery post COVID-19, with tourist arrivals reaching 3.6 million, only 20% of 2019’s level. But there are good reasons to expect a more meaningful recovery, in … [Read more...] about Tourism – a source of growth in Vietnam for 2023: HSBC

The magnitude 7.8 quake brought down whole apartment blocks in Turkish cities and piled more devastation on millions of Syrians displaced by years of war. It struck before sunrise in harsh weather and was followed in the early afternoon by another large quake. In Diyarbakir in southeast Turkey, a woman speaking next to the wreckage of the seven-storey block where she lived said: "We were shaken like a cradle. There were nine of us at home. Two sons of mine are still in the rubble, I'm waiting for them." She was nursing a broken arm and had injuries to her face. "It was like the apocalypse," said Abdul Salam al-Mahmoud, a Syrian in the northern town of Atareb. "It's bitterly cold and there's heavy rain, and people need saving." The earthquake was the biggest recorded worldwide by the U.S. Geological Survey since a tremor in the remote South Atlantic in August 2021. In Turkey, the death toll stood at 2,316, the Disaster and Emergency Management Authority (AFAD) said, making … [Read more...] about Major earthquake kills 3,700 in Turkey and Syria, weather hits survivors