The move goes against the spirit of free trade as well as the growing bilateral economic and trade relations and the comprehensive partnership between the two countries, Binh said at a regular press conference in Hanoi on November 20. “We affirm that Vietnamese companies do not dump frozen pangasius fillets on the US market,” he stressed.
The WTO’s objections over our grain stockpile do not make sense. Hence the July stand-off and the recent resolution India’s tough stance at the World Trade Organization over public stockpiling of food grain and its dispute resolution with the US is being portrayed as another instance of the trade brinkmanship.
Logistics has appeared in Vietnam for the last 20 years. Although income from logistics sector is still low, around 2-4%GDP/year (around 80% possessed by foreign multinational companies), logistics has a rather rapid growth rate, around 20-25%/year. It is a must-have in manufacturing, goods circulating and distributing, and also a driving force for the stable development of sea ports, and sea-based economy.
A long coast North-South enables good coastal transport: the load of a sea barge or a ferry boat of 1,000 tons is equal to that being carried 50 heavy trucks and the load of a vessel of 30,000 tons is equal to that being carried by 1,500 heavy trucks. And thus, coastal transport -a solution to take the load off for road transport- is under consideration.
After 40 years of cooperation and development between Vietnam-Japan in general and between BR-VT and Japan in particular, the province has been carrying out measures to attract more investment from Japan to fulfill the target of making BR-VT an industrial province and international transshipment port in the future.