Crude oil held by tankers at sea hits record 62 million barrels
After the Russia-Ukraine conflict, many Western countries imposed an oil embargo on Russia in an attempt to hit the local economy, and the amount of crude oil stored in offshore tankers hit a new high of 62 million barrels. Experts…
UN: Russia-Ukraine war threatens global food security
United Nations Secretary-General Antonio Guterres said that the Russian-Ukrainian war threatens the food security of tens of millions of people. If Ukrainian food production cannot be restored to the pre-war level, the world may face large-scale famine and other problems…
Africa to set up energy bank
The Swiss media Africa Finance News Agency reported on May 17, 2022 that currently, energy production and consumption in Africa have reached record highs. However, affected by the international energy transition, international investment in Africa’s oil and gas sector may…
U.S. files trade complaint with Canada over dairy
On May 25, local time, according to the “U.S. Reference” of the U.S. Department of State’s Bureau of International Information, the dispute between the United States and Canada over the sale of U.S. dairy products north of the border continues…
US e-commerce market share on the verge of reaching $1 trillion
Marketplace Pulse released news that U.S. consumers spend close to $1 trillion annually through e-commerce. Market share increased slightly, nearly doubling in three years. According to the U.S. Department of Commerce, e-commerce sales in the past twelve months reached $975…
Biden: Considering cutting tariffs on China
According to a Reuters report on May 23, U.S. President Biden said on the 23rd that he was considering reducing the tariffs imposed earlier on Chinese goods. According to the report, Biden said at a press conference with Japanese Prime…
L’Oreal sets up its first investment company in China
L’Oreal Group recently announced the establishment of its first investment company in China – Shanghai Meicifang Investment Co., Ltd. The company is located in Oriental Beauty Valley, Fengxian District, Shanghai, and is mainly committed to investing in innovative beauty technology….
Japan’s December 2021 core machinery orders fell month-on-month
According to data released by the Cabinet Office on 18th, the seasonally adjusted core machinery order volume in December 2018 was 862.6 billion yen (1 yen about 0.009 US dollars), down 0.1% from the previous month, due to a significant…
Economic Development Challenges in Vietnam
First, among Southeast Asian countries, Vietnam’s transportation infrastructure is average. The main mode of transportation in Vietnam is highway, with a total mileage of about 47,000 kilometers. National highways, provincial highways and expressways constitute the main highway transportation network. The…
Economic Development Opportunities in Vietnam
Vietnam’s achievements Let’s first look at the most intuitive data – In 2020, Vietnam’s total GDP is 271.158 billion US dollars, a year-on-year increase of 2.91%, an increase of 155.226 billion US dollars compared to 2010; per capita GDP is…