Speedfit 22 x 15 reducer

In Q1, Thai Nguyen Iron And Steel JSC (TIS) witnessed its profit down by 35 per cent, to only VND29.2 billion. — VNA/VNS Photo The cost of raw materials and transportation fees have skyrocketed, causing the first-quarter profits of most steel companies to decline. Data from the Viet Nam Steel Association (VSA) showed that in the first quarter of this year, finished steel consumption reached 8.137 million tonnes, up 11.9 per cent over the same period in 2021. Of the estimate, steel exports reached about 2.275 million tonnes, with export value reaching US$2.3 billion, decreasing by 22.15 per cent in volume but up by 12.53 per cent in value over the same period last year. However, the business performance of many enterprises in the industry did not move in the same direction. The first-quarter business results report of Viet Nam Steel Corporation (TVN) showed a sharp decline in profit at member units, especially in the construction steel and galvanised steel segments. In the … [Read more...] about Steel companies report decline in Q1 profits

Vietnam will remove the pre-entry COVID-19 test requirements for all foreign arrivals starting Sunday, Prime Minister Pham Minh Chinh has directed. The direction, effective at 0:00 on May 15, comes as the numbers of COVID-19 infections and deaths drop both in Vietnam and around the world. In a dispatch issued on Friday, the PM cited the World Health Organization as announcing that the COVID-19 pandemic has tended to reduce in both patient numbers and fatalities on a global scale and that basic vaccines are still effective against variants of the SARS-CoV-2 virus. In such context, many countries have been taking steps to ease COVID-19 restrictions, including removal of pre-entry testing, the document said. PM Chinh requested the Ministry of Health to closely monitor the epidemic situation and provide timely and appropriate instructions. The Ministry of Foreign Affairs must direct Vietnamese agencies abroad to ask people wishing to enter Vietnam to comply with epidemic … [Read more...] about Vietnam to lift pre-entry COVID-19 test requirements for entrants on May 15

Trucks arrive at Cat Lai port (Photo: SGGP) Director of the USAID-funded Trade Facilitation Project Claudio Dordi revealed that according to a survey of the current state of Cat Lai port operations conducted by USAID, four main difficulties have been threatening the stability and port performance including traffic congestion around the port, overload of administrative procedures, incomplete information technology infrastructure. Additionally, he said the city’s canal system is not capable of receiving a container ship capacity of over 3,000 TEUs. Many businesses also said that the clearance time at Cat Lai port has improved, but compared to other ports in the region, it takes 6.37 days to clear the shipment. As international trade recovers from the impacts of Covid-19, addressing congestion at Cat Lai Port has become a priority. However, this is difficult to improve because the volume of containers passing through Cat Lai port is about 6 million TEU (in 20-foot containers) each … [Read more...] about Action plan to be implemented to reduce congestion at Cat Lai port

Farmers in Vietnam’s Mekong Delta have been reducing the scale of their rice farming operations due to the rising cost of fertilizers, plant protection products, and labor. Input costs for rice farming, namely fertilizers, agricultural materials, seeds, and labor, have surged since the beginning of this year, resulting in losses for farmers, according to Nguyen Trung Phuong, a resident in Vinh Long Province. Fertilizers now sell at VND1-1.5 million (US$43-64) per bag, Phuong added. To minimize his losses, Phuong and his family have scaled down the size of their rice paddy farm. Aside from fresh water resources and weather conditions, operating cost have emerged as a serious concern for local farmers, according to Au Trong Huu, an agricultural official in Tan An Luong Commune in Vinh Long. During the 2021-22 winter-spring farming season, the commune had a total of 800 hectares dedicated to rice farming. That number shrank to 450 hectares during the summer-autumn crop, Huu … [Read more...] about Farmers reduce rice paddy fields over surging production costs in Vietnam’s Mekong Delta

Tran Hung Nguyen celebrates when he wins a gold medal and breaks the Games record in the men’s 400m medley on May 15. (Photo: VNA) Hanoi (VNA) – Vietnamese swimmers earned one gold and three silver medals and set a new SEA Games record on May 15, the second competition day of swimming at the 31st Southeast Asian Games. With a result of 4 minutes and 18.10 seconds, Tran Hung Nguyen not only sustained his top position in the men’s 400m medley since the last Games held in 2019 but also broke the previous Games record of 4 minutes and 20.65 seconds set by himself. Also in this category, the 16-year-old Nguyen Quang Thuan, younger brother of famous swimmer Nguyen Thi Anh Vien, secured a silver when finishing his race in 4 minutes and 22.46 seconds, which is an encouraging result as this is the first time he has competed at the region’s biggest sporting event. In the men’s 100m freestyle, Luong Jeremie Loic Nino of Vietnam with 49.57 seconds brought home a silver while … [Read more...] about SEA Games 31: Vietnamese swimmer breaks Games record on May 15

TSFC is a program to boost initiatives of developing the aviation industry which was launched by SkyTeam, a global airline alliance with members being the world's large airlines. The program aims to find airlines operating the most eco-friendly commercial flight along with the most sustainable development. The airlines will be assessed on 14 items by International Examiner Council, experts, leaders of the aviation sector. The winner shall be honored at a special event in this June. The Sustainable Flight Challenge has attracted participation of 16 airlines from different countries, including the United States, France, Italy, the Netherlands, Spain, China, the Republic of Korea and so on. In the first activity, the airlines will perform flights with a long distance of over 5,000 kilometers, 1,500-to-5,000-kilometer medium distance to receive assessment on effective exploitation and environment protection on the flight routes. As for Vietnam Airlines, the national flag carrier … [Read more...] about Vietnam Airlines, 15 other airlines to take part in Sustainable Flight Challenge

The United States Agency for International Development (USAID) and the General Department of Vietnam Customs (GDVC) on Thursday released an action plan for reducing congestion at Cat Lai Terminal, Vietnam’s busiest container operation in Ho Chi Minh City. Containers at Cat Lai Port The action plan, unveiled at a workshop co-organized by USAID and GDVC, contains 21 recommendations to help position the port to meet increasing demand. Before COVID-19, the port was operating at full capacity, with demand as measured by container volume expected to double by 2030. The workshop brought together more than 70 representatives from Vietnam Customs, ministries, and the business community to discuss the action plan—the result of a Pre-Feasibility Study on Anti-Congestion and Facilitating Trade Logistics at Cat Lai Port conducted by the USAID Trade Facilitation Program between May 2020 and March 2021. The study takes a comprehensive look at the 160-hectare port’s … [Read more...] about USAID supports efforts to reduce congestion at Cat Lai Port

Vietnam's Trade Counsellor in Russia Duong Hoang Minh has proposed the Russian Government consider exempting visas for Vietnamese tourists for 15 days, in the context that it has exempted visas for visitors from Laos and Thailand for 30 days. Vietnam's Trade Counsellor in Russia Duong Hoang Minh (C) Speaking at the third Saint Petersburg-Vietnam Tourism Forum, which was held in a hybrid format on May 17 within the framework of "Vietnamese days in Saint Petersburg", Minh noted that Vietnam always creates the most favourable conditions for Russian tourists such as offering a 15-day visa exemption for those to Vietnam and 30 days for those on direct flights to its Phu Quoc island. He also added that the two countries still have great potential in tourism cooperation, but have not yet taken advantage of all the possibilities for development, including attracting more Vietnamese tourists to Russia. Deputy Director General of the Vietnam National Administration of … [Read more...] about Vietnam eyes 15-day visa exemption from Russia

Speaking at Saint Petersburg-Vietnam Tourism Forum in Russia, Vietnamese Trade Counselor Duong Hoang Minh said Vietnam has offered a 15-day visa exemption policy for Russians visiting Vietnam and 30 days for those on direct flights to Phu Quoc Island. The two countries still have great potential in tourism cooperation, but have not yet taken advantage of all opportunities for development, including attracting more Vietnamese tourists to Russia. Currently, Russia offers 30-day visa exemption for tourists from Laos and Thailand; therefore, he proposed Vietnamese tourists also be exempted from visas with a duration of 15 days. Deputy Head of the Vietnam National Administration of Tourism Nguyen Le Phuc said that Vietnam has simplified many procedures to attract foreign tourists, including those from Russia via visa exemption and removal of quarantine requirements. Phuc also hoped Russian authorities would waive visas for Vietnamese tourists to open up opportunities for both … [Read more...] about Vietnam seeks 15-day Russian visa exemption

The 15 other countries where Saudi citizens are barred from traveling are India, Indonesia, Iran, Lebanon, Syria, Turkey, Afghanistan, Yemen, Somalia, Ethiopia, the Democratic Republic of the Congo, Libya, Armenia, Belarus, and Venezuela, reported Gulf News . The Saudi government's Directorate General of Passports issued the travel ban on Saturday after it observed a consistent increase in the number of daily Covid-19 cases in the previous weeks. On Saturday, the Saudi Ministry of Health announced 414 new infections of Covid, with the weekly figures seeing a five-fold increase compared to those seen through March and April. More than 9,100 people have died due to Covid in Saudi Arabia. Vietnam has been seeing major drops in Covid infections and hospitalizations. The country recorded 1,319 new local Covid-19 cases on Sunday, down 45 percent from a week earlier. Saudi Arabia lifted most Covid restrictions for arrivals from Vietnam in December last year. … [Read more...] about Saudi Arabia bans citizens from traveling to Vietnam, 15 other countries