Kevin Coppel, Asia-Pacific managing director (left ) and Christine Li, Asia-Pacific head of research for Knight Frank in Singapore When the US-China trade tensions bubbled over in 2018, corporates found it increasingly difficult to carry out business in China due to sourcing uncertainties and rising costs. This trend only worsened in the face of the pandemic and resulting border closures. Businesses responded by pursuing opportunities to set up bases outside of China while still retaining a stake in one of the world’s strongest economies. The China+1 strategy thus emerged. It is based on diversifying its supply base into other countries in order to minimise the risk of disruptions arising from geopolitical tensions, trade wars and tariffs, as well as rising labour costs. These companies are not abandoning China but rather giving themselves options, enjoying the best of what China and other economies have to offer. In pursuit of the China+1 strategy, the spotlight is naturally … [Read more...] about Will Vietnam become a big geopolitical beneficiary?
Vietnam south china sea map
At the talks, the two sides highly appreciated the outcomes of the cooperative relations between the two countries’ ground forces, which have contributed to promoting the Vietnam-Japan defense cooperation in an intensive, practical and effective manner. Lieutenant General Nguyen Van Nghia affirmed that the General Staff of the Vietnam People’s Army is ready to collaborate with the Japanese Ground Self-Defense Force to effectively carry out cooperation activities, including support to raise the capacity of conducting U.N. peacekeeping operations, search and rescue and military medicine activities. For his part, General Yoshida Yoshihide strongly believed that with great care and support of defense leaders of the two countries and the activeness and pro-activeness of relevant agencies and units, the bilateral defense cooperation in general and cooperation between ground forces in particular will continue developing in line with the Vietnam-Japan strategic partnership in the new … [Read more...] about Vietnamese and Japanese ground forces promote cooperation
What you need to know today in Vietnam: Politics -- Vietnam's Assistant Minister of Foreign Affairs Do Hung Viet and Israel's Ministry of Foreign Affairs’ Political Director Alon Bar co-chaired the fourth political consultation conference between the two ministries via videoconference on Thursday, according to the Vietnam News Agency . Society -- The Ho Chi Minh City Department of Health issued a document on Thursday urging the local healthcare system to beef up monitoring of people coming from abroad, especially from countries where monkeypox cases have been recorded, at borer gates to timely repond to any infection found. -- Many trees were uprooted and advertising boards were blown off when rains and strong winds hit Ho Chi Minh City on Thursday evening. -- Three died and one was injured as a house wall collapsed in Vinh Phuc Province, northern Vietnam on Thursday, according to local authorities. -- The Economic Committee of the National Assembly has just … [Read more...] about Breakfast @ Tuoi Tre News – May 27
Bắc Giang estimates lychee output at about 180,000 tonnes this year, harvesting from May 20 until July 20. — VNA/VNS Photo HÀ NỘI — Enterprises expect the export of lychees this year to increase by about 30 per cent this year. As an enterprise specialising in exporting vegetables and fruit to fastidious markets such as Japan and the EU, Ameii Vietnam Joint Stock Company (Ameii Vietnam) has strengthened control of exports and is seeking new customers. Now, the company is negotiating with customers and is expected to increase lychee exports by about 30 per cent compared to last year, said Ameii Vietnam general director Ngô Thị Thu Hồng. Notably, this year's lychee exports to fastidious markets such as Japan and the EU are expected to grow. Hồng said Ameii Vietnam was working with more than 20 Japanese partners and more than 10 EU partners to export this fruit. The company has mainly exported fresh lychees every year. However, this year, besides fresh lychees, it has used … [Read more...] about Enterprises expect strong growth in lychee exports
Football Goalkeeper Nguyễn Văn Toản (second, right) celebrates with teammates after Việt Nam won the men's football gold medal of the 31st SEA Games. VNA/VNS Photo Thanh Hà Nguyễn Văn Toản unpacked his items, changed his clothes and quickly picked up his shoes to join his teammates in the hotel lobby. Toản and the rest of the U23 team are in Dubai to train ahead of the Asian U23 Championship, which begins in Uzbekistan next month. They are seeking their first continental title after winning the Southeast Asian Games, where Toản kept a clean sheet throughout the entire tournament. “I am really happy to win this valuable gold medal on home ground,” Toản said. “It is my second SEA Games gold. “Not only me but also all teammates have had good preparation for this Games. We focused totally and competed well in all matches. This success was due to the strong effort of the coaching board and players, plus a little luck. “Thank you, thank you the supporters who came along … [Read more...] about Record-holder Toản looks ahead to continental challenge
Containers at Tân Cảng – Cát Lái Terminal. Products joining the world logistics passport would be given quicker customs clearance and priority handling. — VNA/VNS Photo Quang Châu HÀ NỘI — Joining the world logistics passport (WLP) initiative could help enterprises reduce logistics costs and increase competitiveness for exports. Nguyễn Minh Phương from the Ministry of Industry and Trade's Asia – Africa Market Department said the logistics industry of Việt Nam was developing along with the country’s increase in imports and exports. Phương said that Việt Nam had an advantageous geographical position to develop a logistics centre in Southeast Asia with an improved system of warehouses, seaports and highways, adding that the development of the logistics industry would also create favourable conditions for Việt Nam to become a new production centre of the region. According to Avery Shipton from the WLP initiative forum, products granted passports by the UAE would be given priority … [Read more...] about Joining world logistics passport to facilitate trade