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.
It has been 5 years since Vietnam’s accession to the World Trade Organization (WTO). For the year 2008 was the time of global recession, the logistics service industry in the process of integration, like other industries, has experienced “gains and losses”.
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.
North American container ports looked set to handle an all-time high in August, according to figures from the National Retail Federation and Hackett Associates’ Global Port Tracker. The report – covering the ports of Los Angeles/Long Beach, Oakland, Seattle, Tacoma, New York/New Jersey, Hampton Roads, Charleston, Savannah, Port Everglades, Miami (pictured) and Houston – forecast 1.54m teu throughput for August. This would pip July’s 1.53m teu.
The Mexican Association of Shipping Agents (AMANAC) has called on national ports to improve their competitiveness through reduced tariffs, which are among the highest in the world. In addition, it wants to see the number of checks levied by officials – which it deems “excessive” - reduced, since this has resulted in a loss of valuable transhipment traffic to other Latin American ports.
Vietnam is under the negotiation of joining Trans-Pacific Partnership (TPP) – anagreement on free trade with range and grade that has strong effect on Vietnam. It will create a “playground” which will contribute 40% GDP and 30% global trade exchange. It can be said that joining TPP will bring Vietnam more opportunities but no less challenges.
Decision 1360 dated July 2nd, 2014 on Master Planning to Develop Provincial Logistics Sector to 2020, orientation to 2030 has been issued by the Prime Minister and the People’s Committee of BR-VT. This is considered as both an action handbook for the province and a supporting premise for the restructure of production and business of the industrial coastal province of the Southeastern.
We are very happy to have Delhi-HCMC route through the international gateway Bangkok and Mumbai- Bangkok with daily flights. The service is to serve increasing needs from passengers to travel between ASEAN region and India. Vietnam and Thailand have been currently considered places for tourism, trade and investment in Asia and Jet Airways, of course, will make it possible for Indian tourists to come to thes places. Jet Airways is founded and developed as a leading brand with top-notch services on the flights. We believe we deserve passengers’ trust.