Author Archives: admintamduc

Oil Holds Gain After OPEC+ Adds More Output as Market Tightens

(Bloomberg) — Oil held gains in early Asian trading after OPEC and its allies agreed to a scheduled increase in production for next month, and an industry report pointed to another decline in U.S. crude inventories. Futures in New York traded near $77 a barrel after rising 2.4% over the past two sessions. OPEC+ stuck to its plan to lift output by 400,000 barrels a day for February after it cut estimates for a surplus in the first quarter. The American Petroleum Institute reported U.S. stockpiles fell by 6.43 million barrels last week, according to people familiar with the data….

Chinese New Year threatens to further disrupt the global supply chain as smaller shippers in China suspend services for the holidays earlier than usual

Some shipping companies are suspending services in China ahead of the new year, further straining global supply chains heading into 2022. The potential disruption this year is exacerbated by two factors: This year, Chinese New Year falls on February 1, 2022 — a full 12 days earlier than in 2021. And, as Bloomberg reported in November, China’s Covid-zero policy has sailors anticipating longer than usual quarantine periods before they can make their way back on land. In some cases, the outlet found, sailors were required to serve up to seven weeks in quarantine before being cleared to return home.  The new timeline…

Vietnam’s export-import turnover exceeds 350 billion USD in 9 months

In nine months from the beginning of 2018, export turnover of Vietnam reached 352.61 billion USD, up 13.7%, up 42.44 billion USD in absolute terms over the same period in 2017. According to the latest statistics of the General Department of Customs, the trade balance of goods in 9 months in 2018 reached a surplus of $ 6.32 billion, nearly $ 1 billion higher than that of the General Statistics Office previously announced. On the other hand, in the total value of 352 billion USD of Vietnam, the import-export value of foreign direct investment (FDI) reached 230.43 billion US dollars,…

The three largest export markets of Vietnam in 9 months

Vietnam’s exports to the Korean market increased by 26.1%, to China by 29.9% and India’s impressive by 88.6% over the same period last year. According to the latest statistics of the General Department of Customs, the value of commodity exports in September 2018 reached $ 21.12 billion, down 10% over the previous month, equivalent to $ 2.37 billion in value. absolute. In the first 9 months of this year, Vietnam’s export value reached USD 179.47 billion, up 15.8%, equivalent to USD 24.44 billion over the same period last year. Of which, seven groups of strong growth were telephones and components…