Sharp, one of the leading conglomerates in Japan, is going to open its new factory in the outlying district of Ho Chi Minh City this year. It will focus on manufacturing car displays for the US market, as well as air cleaners for domestic use. Sharp has achieved great success in Vietnam over past years on the back of local annual electronics and household appliance growth of 10-15 per cent. … [Read more...] about Japanese companies enticed by local investment climate
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Targets to cut emissions will shape shipping risk for years to come. The aim to halve CO2 emissions by 2050 will require the industry to radically change fuels, engine technology and even vessel design. Since January 1, 2020 allowable sulphur levels in marine fuel oil were slashed. However compliance is not straightforward and teething problems could lead to a surge in machinery damage claims. Ultimately, de-carbonization will also have regulatory, operational and reputational implications. Progress on addressing climate change could stall with the focus on the coronavirus pandemic. This must not be allowed to happen. New technology not a panacea, but an increasingly useful tool: Shipping tech can be a positive for safety and claims and is increasingly being deployed to combat some of the risks highlighted in the report -- from reducing the threat of fire on vessels through temperature monitoring of cargo to even potentially integrating suppression systems in drones in future. … [Read more...] about Allianz: Asian waters account for most shipping losses even as global numbers hit record low
Talking about business prospects in Vietnam, Vu Tu Thanh, USABC’s Deputy Regional Managing Director & Representative, said US businesses are seeking Vietnamese partners in the fields of technology, manufacturing, retail, consumer goods, medical equipment, electricity and supporting industries. … [Read more...] about Will US investors head for Vietnam after leaving China?