PANAMA CANAL TO FURTHER REDUCE DRAFT LIMIT FOR NEOPANAMAX VESSELS
The Panama Canal will further reduce the maximum allowable draft for Neopanamax vessels from late August 2026 as water levels in Gatun Lake continue to decline.
THE UNITED STATES IS VIETNAM'S LARGEST EXPORT MARKET IN THE PAST 10 MONTHS
Merchandise export turnover in October 2022 was estimated at 30.27 billion USD, up 1.5% over the previous month and up 4.5% over the same period last year.
Generally, in the first 10 months of 2022, export turnover of goods was estimated at 312.82 billion USD, up 15.9% over the same period last year. Regarding the structure of export commodity groups in the first 10 months of 2022, the group of processed industrial products accounted for 89.1%.
Import turnover of goods in October 2022 was estimated at 28 billion USD, down 1.4% over the previous month and up 7.1% over the same period last year. In the 10 months of 2022, the import turnover of goods is estimated at 303.42 billion USD, up 12.2% over the same period last year. Regarding the structure of the group of imported goods in the first 10 months of 2022, the group of capital goods accounted for 93.7%.
Regarding the export and import markets of goods in the first 10 months of 2022, the United States is the largest export market of Vietnam with an estimated turnover of 93.4 billion USD. China is Vietnam's largest import market with an estimated turnover of 100.7 billion USD.
The balance of trade in goods in October was estimated to have a trade surplus of 2.27 billion USD. In the first 10 months of 2022, the trade balance of goods is estimated to have a trade surplus of 9.4 billion USD (the same period last year, the trade deficit is 0.63 billion USD).
Related News
DELAY INSURANCE: WHEN TIME BECOMES A MEASURABLE RISK
In modern logistics, delays are no longer viewed as mere inconveniences. They can result in significant financial losses, including reduced revenue, dissatisfied customers, increased warehousing costs, disrupted production schedules, and damaged business reputation
GLOTRANS SHOWCASES INTERGRATED LOGISTICS SOLUTIONS AT MTA VIETNAM 2026
From July 1–4, 2026, Glotrans is participating in MTA Vietnam 2026, one of Vietnam's leading international exhibitions for precision engineering, manufacturing, and supporting industries, held at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City.
Related News
GLOTRANS 17 YEARS – PROUD OF OUR JOURNEY, MOVING FORWARD TO GREATER HORIZONS 15 August 2009 – 15 August 2026
A memorable milestone was celebrated by GLOTRANS and our valued colleagues, customers, and partners at a special event marking 17 years of GLOTRANS Vietnam – a journey built on dedication, resilience, connectivity, and a continuous drive for growth.
GLOTRANS – 17 YEARS OF CONNECTING AND REACHING FURTHER 15 August 2009 – 15 August 2026
15 August 2026 marks the 17th anniversary of GLOTRANS – a journey built on continuous effort, innovation, and the valuable support of our people, customers, and partners both locally and internationally.
GLOTRANS DA NANG ACCOMPANIES THE 2ND DA NANG BUSINESS CONNECTING DAY – 2026
On August 1, 2026, Glotrans Da Nang had the honor of participating in the 2nd Da Nang Business Connecting Day – 2026, organized by the Da Nang Young Entrepreneurs Association at Muong Thanh Grand Quang Nam Hotel
Related News
DISPUTE OVER THE SHIPMENT OF ENZYMES IMPORTED FROM INDIA
The shipment of food additives was transported in container No. FCIU3301688 (20’), under B/L MPRSMUM1806, on the voyage from Nhavasheva Port (India) to Dinh Vu Port (Hai Phong, Vietnam) on 29/04/2017.
The Insured’s Duty to Prevent and Mitigate Losses
Company T (Plaintiff – the Insured) entered into an insurance contract with Company B (Defendant – the Insurer). After the insured event occurred, the Insurer alleged that the Insured had violated its obligation to prevent and mitigate losses. The Arbitral Tribunal acknowledged that such an obligation exists but concluded that the Insured did not breach it.
Insurance Contracts Do Not Automatically Terminate Due to Late Premium Payment
Under the insurance contract, the premium was to be paid in three installments, and in all three, the insured party was late in payment. When a dispute arose, the insurer (Defendant) argued that the insurance contract had terminated before the insured event occurred due to the late premium payment and therefore refused to make an insurance payout. However, the Arbitral Tribunal held a contrary view.