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Vietnam set to approve coal-fired power plants worth $7.5 bln

Vietnam expects to grant investment licences for three coal-fired power plants worth a combined $7.5 billion, the country’s investment minister said. Although Vietnam wants to boost renewable energy output amid resources scarcity and environmental issues, it has been mostly reliant on coal-fired and hydro power plants to meet its annual …

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U.S. companies sign billions in deals with Vietnam

SEATTLE/WASHINGTON – U.S. industrial companies General Electric Co and Caterpillar Inc made deals with Vietnam worth billions of dollars as Vietnamese Prime Minister Nguyen Xuan Phuc continued his three-day trip to the United States. Phuc’s trip included a meeting with President Donald Trump Wednesday afternoon at the White House as …

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Cai Lan seaport launches new route linking six nations

ACS international maritime route has been launched at Cai Lan International Container Seaport linking six nations including India, Malaysia, Singapore, Vietnam, China and South Korea on Tuesday. The route has been developed by the alliance of two shipping lines Huyndai Merchant Marine and Gold Star Line. On the same day, …

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Personnel shortage keeps logistics trade backward

Vietnam ranks very low in logistics development among ASEAN members, speakers said at an annual general meeting held last week in HCM City by the Southeast Asian Federation of Forwarders’ Associations. It needs support from more developed members and international logistic associations, they said. Together with Laos and Myanmar, Vietnam …

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Vietnam Striving to Reduce Logistics Costs

Despite being rather a new sector in Vietnam, logistics has proved its importance in the country’s socio-economic development. However, the development of this potential service is facing many big challenges. Burden of costs Logistics is a process which is carried out to minimise costs for the identification of location and …

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Poor logistics industry retards economy

Demand for logistics services has risen rapidly, but the plan to develop a professional logistics centre in HCM City is still on the drawing board, experts say. In recent years, the country poured money into infrastructure projects, but the lack of a professional logistics industry was retarding the competitiveness of …

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United Nations Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea (The Rotterdam Rules) signed on Sept. 23, 2009

The new United Nations Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea, the Rotterdam Rules, describes the rights and obligations of all parties with an interest in the carriage of goods by sea. The Rotterdam Rules bring more clarity regarding who is responsible and …

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