Can Tho in dire need of international shipping routes A vessel heads for Tan Cang-Cai Cui Port in Can Tho City Although the Government has allowed Can Tho City to expand its logistics center to 242 hectares from the current 75 hectares, the center cannot develop without international shipping routes allowing the city to directly ship goods abroad, said Nguyen Minh Toai, director of the municipal Department of Industry and Trade. At a seminar on development of Can Tho City’s logistics network by 2020, with a vision to 2030, in the city today, February 20, Toai said that Can Tho needs to launch shipping routes through Quan Chanh Bo Canal and Dinh An Estuary to develop a modern logistics center in the city. It costs US$10 to transport each container of goods from Can Tho to Cat Lai Port in HCMC or to Cai Mep-Thi Vai Port in Ba Ria-Vung Tau Province, he said, and the cost is even higher if shipping containers are carried further away. If goods are directly shipped from the … [Read more...] about BUSINESS NEWS IN BRIEF 22/2
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Dow, S&P set record highs after pullback
U.S. stocks bounced back on Tuesday from Monday's pullback, with both the Dow Jones Industrial Average index and S&P 500 closing at all-time highs, bolstered by strong gains in health insurance companies. The blue-chip Dow also set another record intraday high of 14, 684.49 points before paring early gains. The index jumped 89.16 points, or 0.61 percent, to 14,662.01. The broader Standard & Poor's 500-stock Index surged 8.08 points, or 0.52 percent, to 1,570.25. The tech-heavy Nasdaq Composite Index soared 15.69 points, or 0.48 percent, to 3,254.86. The main stock indices opened higher, following a rally in the European stock market as worries about Cypriot situation eased. Some European stock exchanges closed on Easter Monday. The market moved higher, boosted by leaping shares of health insurers which benefited from the Medicare Advantage rate revise announced by federal government on Monday. Shares of Humana surged 5.45 percent while UnitedHealth shares rose 4.70 percent. … [Read more...] about Dow, S&P set record highs after pullback
American money makes huge profit in Vietnam
Vietnam has become an attractive place for American entrepreneurs to do business, as US investment into the country has flourished, translating into enormous profits. Since the landmark Bilateral Trade Agreement between the two countries took effect in December 2001, a steady flow investment and goods from the US has continued. Up to 80% of US companies operating in Vietnam say they are "satisfied" or "very satisfied", according to a research by the American Chamber of Commerce, or AmCham. … [Read more...] about American money makes huge profit in Vietnam