Tobias Hannemann

Vietnam Purchasing Managers Index April 2024 Vietnamese manufacturers experienced a solid rebound in new orders during April. However, instability remains in the sector. The extent of the rebound perhaps took firms by surprise, given that they had decided to release workers, following the recent period of muted demand. Please see the link in the comments if you want more details. #Vietnam #Manufacturing #Cimigo #PMI

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Asia Agent is deeply committed to promoting fair trade practices and ethical sourcing within the Asian manufacturing sector. With a firm belief in social responsibility, Asia Agent strives to ensure that every product sourced from Asia meets stringent ethical standards. This commitment involves thorough vetting of suppliers, ensuring they adhere to fair labor practices, provide safe working conditions, and pay fair wages. By fostering transparent relationships with manufacturers, Asia Agent helps clients make informed decisions that align with their values. Additionally, they work tirelessly to educate both suppliers and buyers on the importance of ethical sourcing, aiming to cultivate a market that values integrity over profit. This dedication not only supports the welfare of workers but also promotes sustainable development within the region. To further their mission, Asia Agent encourages businesses to join them in this endeavor by choosing ethically sourced products and demanding higher standards from their suppliers. Together, they can drive positive change in the industry, ensuring that fair trade becomes the norm rather than the exception. Join Asia Agent in championing fair trade practices and make a significant impact on the lives of countless workers while enhancing your brand's reputation for social responsibility. Connect with us: https://shorturl.at/yAGM4

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This is the #mondayquote from Acclime Vietnam, covering the topic "Vietnam Manufacturing Brief in 2024". Please see further insights in the comment below. Follow Acclime Vietnam to learn more about the business requirements in Vietnam and stay updated with relevant changes. #Acclime #AcclimeVietnam

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𝑁𝑒𝑤𝑠: 𝐂𝐡𝐢𝐧𝐚'𝐬 𝐩𝐨𝐬𝐭-𝐡𝐨𝐥𝐢𝐝𝐚𝐲 𝐏𝐏, 𝐏𝐄 𝐨𝐮𝐭𝐥𝐨𝐨𝐤 𝐜𝐥𝐨𝐮𝐝𝐞𝐝 𝐛𝐲 𝐛𝐞𝐚𝐫𝐢𝐬𝐡 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 China's pre-holiday PP and PE market remains on a cautiously bullish trend, supported by intensive maintenance and high costs. For the week ended May 3, domestic prices of PPBC inj. and LLDPE film increased to 100 CNY/ton ($14/ton), while imported LDPE film saw a new increase of 20 USD/ton after six consecutive weeks of stability. Meanwhile, polyolefin sellers boosted prices of other grades amid a muted holiday season. - 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐬𝐮𝐩𝐩𝐥𝐲 𝐭𝐚𝐤𝐞𝐬 𝐜𝐞𝐧𝐭𝐞𝐫 𝐬𝐭𝐚𝐠𝐞: The current polyolefin market remains supported by supply declines during the maintenance season. According to market sources, the total polyolefin inventories of the two major domestic producers reached 720,000 tons on April 30, down 75,000 tons from a week earlier. Meanwhile, data from Pro ChemOrbis Manufacturing News shows an estimated 750,000 tons of PP are expected to enter production this month if everything goes on track. The addition of new capacity could put additional pressure on supply, dampening market participants' sentiment. - 𝐓𝐡𝐞 𝐥𝐚𝐜𝐤 𝐨𝐟 𝐝𝐞𝐦𝐚𝐧𝐝 𝐫𝐞𝐦𝐚𝐢𝐧𝐬 𝐭𝐡𝐞 𝐟𝐨𝐜𝐮𝐬: PP demand is not expected to have a significant improvement in the short term, while the demand situation is uneven across different sectors. For PE, the end of the agricultural season will likely further reduce purchasing power. A businessman in Xinjiang said: “PE packaging film output is expected to decrease, reducing purchasing demand. After the holiday season, agricultural film output will gradually enter the off-season, contributing to weaker demand." - 𝐅𝐚𝐥𝐥𝐢𝐧𝐠 𝐮𝐩𝐬𝐭𝐫𝐞𝐚𝐦 𝐯𝐚𝐥𝐮𝐞𝐬 ​​𝐚𝐝𝐝 𝐭𝐨 𝐭𝐡𝐞 𝐩𝐫𝐞𝐬𝐬𝐮𝐫𝐞: Market participants are closely watching the movement of upstream values ​​considering the recent decline in crude oil prices amid demand concerns. Compared to the previous week, benchmark Brent crude oil prices plummeted more than 6% to $83.67/barrel on May 3, representing the lowest level since mid-March. The ChemOrbis Price Tool said that spot propylene prices fell $10/tonne from last week to $850/tonne CFR China as of April 30, while spot ethylene prices hovered around of last week at 900 USD/ton according to the same methods. The data also showed that the spread between imported PE films and ethylene has widened to its highest level in three-and-a-half months, which is likely to hamper sellers' bullish stance. 𝑆𝑜𝑢𝑟𝑐𝑒: 𝐶ℎ𝑒𝑚𝑂𝑟𝑏𝑖𝑠 ----------------- 𝐃𝐀𝐈 𝐀 𝐈𝐍𝐃𝐔𝐒𝐓𝐑𝐘 𝐉𝐒𝐂 🌐 Website: https://daiaplastic.com/en ☎ What’sApp: +84 936 123 984 📧 Email: info@daiaplastic.com #colormassterbatch #plastic #pp #pe #caco3 #ps #film #compound

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In the latest report by the #APECPolicySupportUnit, APEC’s gross domestic product grew by 3.5% in 2023 compared to 2.6% in 2022. The growth can be attributed to robust household spending amid high consumer confidence. “However, we are seeing a moderation in economic growth in 2025 and 2026 due to geopolitical uncertainties, trade protectionism as well as fluctuations in commodity prices. These challenges call for stronger multilateral cooperation between member economies." - Carlos Kuriyama, Director, APEC Policy Support Unit. For the full details, click on the link below. https://ow.ly/LBQr50RHJiR

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OCT 19, 2022【Support for ESG Start-up "PackAge+" to Upgrade Green E-commerce and Logistics in Taiwan】   Every day, through our online purchases, Taiwan uses over 100 million "single-use packaging" annually, generating about 113,000 metric tons of carbon emissions. It would take approximately 1,729 Daan Forest Parks absorbing carbon for a year to offset this amount! As e-commerce develops, these figures become increasingly alarming. What kind of Earth do we want to leave for future generations?   PackAge+配客嘉 has developed a “Reusable Ecommerce Packaging” system that can be reused over 30 times. Suppose we are willing to take a few extra steps to return the packaging each time it's delivered (with over 4,000 convenience stores across Taiwan accepting returns). In that case, we can enable the packaging to be reused, reducing cardboard waste and saving trees. Our next generation won't have to see barren forests!   Allen (葉德偉) is an exceptional entrepreneur who has assembled a team deeply committed to sustainability. They have managed to integrate various stakeholders along the supply chain, a feat that requires a competent team. This was a decisive factor in our investment decision, and we hope that Taiwan will lead Asia in the green economy, with PackAge+ playing a significant role!   E-commerce friends, did you know that the Environmental Protection Administration plans to support eco-friendly packaging in 2023, requiring e-commerce companies to gradually increase their use of environmentally friendly packaging to 15% by 2026? PChome, Shopee, SOGO, Uniqlo, and Carrefour are already adopting this initiative. What are you waiting for? With environmentally conscious consumers on the rise, upgrading to green e-commerce and logistics can enhance your competitive edge in the future.  

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Is "Made in Japan" still valued by #ASEAN consumers? Possibly not, and here’s why. 💡 Japanese brands have established a strong presence in ASEAN by providing high-quality goods at reasonable prices. However, according to a recent survey by NRI Consulting & Solutions (Thailand) Co., Ltd. and NRI (Nomura Research Institute) Singapore, many ASEAN consumers, especially those in their 20s, answered that Japanese brands don't bring any excitement or innovation, while South Korean brands are rapidly attracting this age group. Read the report to learn more. #Consumertrends #ASEAN6 #ConsultingService

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Japan's Factory Activity Witnesses Growth First time this Year Japan's factory activity expanded for the first time in a year in May, a private-sector survey showed on Monday, but overall growth was modest and demand was still subdued while a weak yen raised the cost of imported items for some producers. News: https://lnkd.in/g9AuDN7v #Japanmanufacturing #reflectingexpectations #semiconductorsectors #remainingoptimistic #GlobalMarketIntelligence

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The ASEAN manufacturing sector saw conditions improve at a slower rate in April, according to data released last week Thursday, as job shedding emerged. “New orders rose at a quickened pace, signaling a further improvement in demand trends. Growth in output remained solid overall, despite the upturn easing slightly,” said Maryam Baluch, an economist at S&P Global Market Intelligence. This latest news also includes comment from Jingyi Pan, Paul Smith, Andrew Harker, Usamah Bhatti and Trevor Balchin - all from S&P Global. Click here to read here: https://lnkd.in/emKnutrf #manufacturingsector #globalmarkets #globalintelligence

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👉 𝗩𝗶𝘀𝗶𝘁 𝘁𝗼 𝗕𝗲𝗶𝗷𝗶𝗻𝗴 𝗖𝗵𝗲𝗻𝗴𝘇𝗵𝗶 𝗭𝗵𝗼𝗻𝗴𝗵𝗲 𝗕𝗶𝗼𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝗖𝗼. 𝗵𝗲𝗮𝗱𝗾𝘂𝗮𝗿𝘁𝗲𝗿𝘀 - The company’s offices and main warehouses were visited, business relations were resumed and new strategies for the growth of the Chinese market were established... you can continue reading here ▶️ https://ow.ly/y5tf50S3QqV ✅ - #chinesemerket #farming #animalnutrition #naturaladditives

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#Vietnam’s index of industrial production in the first four months this year expanded by 6 per cent YoY. The country’s #import-#export revenue reached $238.88 billion during the period, with trade #surplus reaching $8.4 billion, higher than the $7.66 billion recorded in the same period last year. #Economic recovery in the second quarter is projected to be slow. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dMNWc-Sz

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🇻🇳 According to the official news issued on June 13, 2024, #Vietnam is consulting on the revision to the Law on Special Consumption Tax. ✅ Key points: - The Draft proposes a 10% special consumption tax on sugary beverages, whose sugar content is over 5g/100ml. - The Draft proposes to increase the special consumption tax rates for alcohol products to protect health. You can check the following article for more details. #beverages #sugar #tax #alcohol #regulatorycompliance #foodandbeverages #drinks #consumptiontax

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KP Chair, Ahmed Bin Sulayem concluded bilateral talks with the Kimberley Process Focal Point of Thailand, Ms. Asma Ngasaman, joined by a larger team from the Ministry of Commerce, headed by Ms. Jarumon Vanichsuvan, Director, Merchandise Trade Administration Division. Now at the half-year point of the UAE’s second chairmanship of the UN-mandated KP, discussions covered the KP priorities for the six months ahead, and the importance of building on the momentum and key progress made through the KP Intersessional and Special Session of Plenary in Dubai. Thailand has been a KP member since 2003, with its operations overseen by the Ministry of Commerce, Department of Foreign Trade. Thailand, which is a global trade center for gemstones, are expecting its diamond exports to reach $2 billion USD by 2026. In 2023, exports of gems and jewellery surpassed $8 billion USD with an annual growth rate of 10% and India, US, and UAE being major trade partners. The UAE is Thailand’s sixth-largest trading partner globally, and the economic relationships stands to to grow strongly as both nations prepare to sign a CEPA which is projected to add at least $250 million to the bilateral trade between the two countries. Bilateral trade between the two countries reached $11.1 billion in the first seven months of 2023. #Dubai #YearOfDelivery #KP #KimberleyProcess #Thailand

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KP Chair, Ahmed Bin Sulayem concluded bilateral talks with the Kimberley Process Focal Point of Thailand, Ms. Asma Ngasaman, joined by a larger team from the Ministry of Commerce, headed by Ms. Jarumon Vanichsuvan, Director, Merchandise Trade Administration Division. Now at the half-year point of the UAE’s second chairmanship of the UN-mandated KP, discussions covered the KP priorities for the six months ahead, and the importance of building on the momentum and key progress made through the KP Intersessional and Special Session of Plenary in Dubai. Thailand has been a KP member since 2003, with its operations overseen by the Ministry of Commerce, Department of Foreign Trade. Thailand, which is a global trade center for gemstones, are expecting its diamond exports to reach $2 billion USD by 2026. In 2023, exports of gems and jewellery surpassed $8 billion USD with an annual growth rate of 10% and India, US, and UAE being major trade partners. The UAE is Thailand’s sixth-largest trading partner globally, and the economic relationships stands to to grow strongly as both nations prepare to sign a CEPA which is projected to add at least $250 million to the bilateral trade between the two countries. Bilateral trade between the two countries reached $11.1 billion in the first seven months of 2023. #Dubai #YearOfDelivery #KP #KimberleyProcess #Thailand

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