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Why Vietnam Has Become a Promising Alternative for US Businesses in Asia

Following four decades since the end of the Vietnam War, Vietnam’s relationship with the US has changed significantly.

After the Vietnam War in 1975, the US and Vietnam announced normal diplomatic relations on July 11, 1995.

Vietnam and the United States celebrated 25 years of diplomatic relations in July this year – a testament to improving bilateral and economic ties since the Vietnam War.Vietnam has emerged as an ideal alternative manufacturing destination to China for US businesses, in part due to the US-China trade war and disrupted supply chains due to the coronavirus pandemic.Vietnam Briefing discusses trends in the Vietnam-US relationship, growing economic ties, and how US businesses can leverage and benefit from moving their production to Vietnam. US and Vietnam commemorate 25 years of diplomatic relations

This year in July, the US and Vietnam commemorated 25 years of diplomatic relations – with the US congratulating Vietnam on its ASE…

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Asian refiners EBITDA will decline by around 30% says Moody’s

Moody’s Investors Service says in a new report that the aggregate EBITDA of Asian refiners will decline by around 30%

Aggregate EBITDA will decline around 30% in 2020 on steep inventory losses and weak marginsA gradual economic recovery will improve margins in 2021, but risks are tilted to the downside

“EBITDA and margin will improve in 2021 as a gradual economic recovery results in higher refining margins and the absence of inventory losses leads to higher earnings. But risks to margin recovery are firmly tilted to the downside.”

Hui Ting Sim, a Moody’s Analyst.

“Margin recovery will be delayed if a resurgence in infections leads to renewed lockdowns. We’re also seeing higher market imbalance, with a surge in refining capacity continuing through 2022 driven by investments in Asia and the Middle East, which will further weigh on the extent of margin recovery,” adds Sim.

Among rated Asian refiners…

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Thailand Voted Best Place for Starting Business

Thailand was voted to be the world’s best place to start business for the second consecutive year, according to the Department of Business Development. 

Wuthikrai Leeviraphan, director-general of the department, said that recently U.S.News & World Report posted its list of “Best Countries to Start a Business 2020” and Thailand ranked first for the second year in a row because it took only six days and five procedures to start a business in the country. 

Last year the same agency also ranked Thailand in the first place. 

“This year the department will further improve services for operators to start business. Time and procedures for the process will be shortened. It will cooperate with other organizations and apply artificial intelligence to serve businesses and people. This is for Thailand to attract more foreign investors,” Mr Wuthikrai said. (TNA)

The 2020 Best Countries to Start a Business ranking draws from the re…

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