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22/02/2022

10/04/2021

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06/03/2021

The Vietnam manufacturing purchasing managers’ index edged up 0.3 points to 51.6 in February, signaling a modest improvement in business conditions.—VNExpress

The manufacturing purchasing managers’ index (PMI) edged up 0.3 points to 51.6 in February, signaling a modest improvement in business conditions.

31/12/2020

Happy new year !
Wishing you good health and prosperous life in 2021 !

21/08/2020

Employers at the Port of Montreal say they are at an impasse with striking dockworkers as the port shutdown hits the 10-day mark.

“The negotiations are not really progressing,” said Martin Tessier, head of the Maritime Employers Association, at a press conference Wednesday. “We’re making very slow progress.”

The remarks are a contrast to Labour Minister Filomena Tassi’s depiction Monday of “encouraging progress made between the two parties.” Ottawa has so far declined to intervene despite pleas from industry groups and the Ontario and Quebec governments.

READ MORE: Negotiations continue as Port of Montreal longshore workers’ strike enters 9th day

Tessier said he has asked the union to move 477 containers out of about 11,500 now on the waterfront in order to clear essential goods such as pharmaceuticals and medical equipment, as well as perishable foods and hazardous materials.

Montreal Mayor Valérie Plante tweeted on Wednesday saying she asked the federal government to step in and help both parties find a solution as she said the ongoing situation is a huge concern.

“The port’s activities are necessary for the vitality of the city, especially since the health crisis has already weakened our logistics chain,” she wrote in French.

The union has agreed only to move COVID-19-related cargo, meaning managers or replacement workers will likely handle some of the others, Tessier said.

“We told them if we need to do it, we’re going to do … We need to make sure we’re not taking the public as hostages.”

Michel Murray, a spokesman with the Canadian Union of Public Employees, said dockworkers feel the situation is unproductive because the employers association refuses to reveal the exact contents of the containers.

A statement from the Maritime Employers Association issued Wednesday evening however said both the association and the union agreed that they will meet to discuss the contents of the containers and no replacement workers will be used.

“If there are four containers of Coco Chanel perfume that are due for Quebec, those four containers will remain at the terminal,” Murray said.

Annual earnings average out to about $120,000, plus a benefits package that amounts to $22,000 annually, including a defined-benefit pension plan paid for by the employer, he said.

The obligation constantly to be on call remains an impediment in negotiations.

“You never know what will happen with a ship. They can be stuck because of ice, they can be stuck because of a storm,” Tessier explained.

“These guys, they work outside. During the summer it’s really hot. During the winter it can be really cold,” he acknowledged. “This is why they have very good compensation.”

“It is not part of the essential services … If he identifies (the containers) to us, we’ll be able to say which ones we’re ready to do,” Murray said.

https://globalnews.ca/news/7286169/montreal-port-shutdown-impasse/

25/06/2020

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15/06/2020

Have a good working week ! Keep going !

18/05/2020

ENGALURU — Thai rice export prices fell this week as the drought-hit country saw fresh supplies entering the market while also facing stiff competition from cheaper Indian and Vietnamese offers.

Thailand’s benchmark 5% broken rice RI-THBKN5-P1 prices were quoted at $480-$485 a metric ton, their lowest since March 26 and down from $515–$546 last week.

“We’re beginning to see new supply entering the market this month and forecasts for rain have eased concerns over supply generally,” a Bangkok-based rice trader said.

One of the worst droughts in decades put a strain on supplies, causing prices to soar to a seven-year high in April.

“Demand remains flat but there are hopes that buyers in places like the Philippines may be interested in Thai rice as prices dropped, although competition from Vietnam is very strong,” another rice trader in Bangkok said.

Prices for top-exporter India’s 5% broken parboiled variety RI-INBKN5-P1 edged to their highest since early August at $380-$385 per metric ton this week.

Demand is better than last year as Indian rice is offered at a discount compared with exports from Thailand and Vietnam, said B.V. Krishna Rao, president of the Rice Exporters Association.

The availability of trucks and workers, which limited exports in April, has improved, Rao added.

Exports are also getting support from a weaker rupee, raising exporters’ margin from overseas sales, exporters said.

Meanwhile, low supplies pushed rates for 5% broken rice RI-VNBKN5-P1 from Vietnam to a near one-year high of $450-$460.

“Traders are rushing to fulfill contracts signed before the export ban [introduced in March], while the government is also buying rice from farmers for its national stockpiling program,” a trader based in Vietnam’s Mekong Delta province of An Giang said.

“Supplies from the upcoming harvest will not increase sharply as the harvest will take place slowly, lasting more than two months.”

Vietnam fully resumed rice exports from May, after a ban in March to ensure adequate supplies during the coronavirus pandemic.

Preliminary shipping data showed nearly 150,000 metric tons of rice is to be loaded at Ho Chi Minh City port between May 2 and May 17, with most of it heading to the Philippines.

Elsewhere, Bangladesh will procure an additional 200,000 metric tons of paddy during the current harvest season to secure supplies for relief operations, a food ministry official said, amid the coronavirus pandemic which has infected 18,863 people and killed 283 in the country as of Thursday.

Highlights
Stimulus program launched to resuscitate Vietnam’s domestic tourism
U.S. launches circumvention inquiry on Vietnamese stainless steel sheet, strip: ministry
Asia Rice — Thai prices dip as demand flows to India, Vietnam
SE Asia Stocks — Philippines falls 2%, most others subdued as U.S.-China tensions flare
Facebook buys GIF website Giphy to integrate with Instagram

Source : tuoitrenews

30/04/2020

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29/04/2020

HANOI -- Vietnam’s Ministry of Industry and Trade has asked the prime minister to remove a quota on rice exports to fully resume the country’s shipments of the grain from May, the ministry said on Tuesday.

The Southeast Asian country, the world’s third-largest rice exporter, banned rice exports in March and limited shipments for April to 500,000 tonnes to make sure the country has sufficient food during the coronavirus pandemic.

The ministry said Vietnam has 6.5 million to 6.7 million tonnes of rice left for export this year, after setting aside a portion for domestic consumption and stockpiles.

Vietnam’s rice exports in the first four months of this year are estimated at 1.9 million tonnes, it said.

21/04/2020

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https://www.bloomberg.com/news/articles/2020-04-20/virgin-australia-collapses-as-airline-calls-in-administrators-k992yqn6?sref=4ZGeBqkb&utm_medium=social&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&cmpid=socialflow-twitter-business&fbclid=IwAR0whT7uF_VhQVgdZEZHU9s7T8o_O9h-wQWte0OSTCGJyFZHBMqPibgxHos