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The Ministry of Finance is considering lowering the most favored nation (MFN) import tariff on gasoline from 20 percent to 12 percent. Cutting the tariff would help diversify Vietnam’s fuel supply and reduce dependency on some suppliers amid the current global disruption, but is not likely to reduce domestic gasoline …

Beijing kicked off three rounds of Covid-19 testing for all residents of its biggest district Chaoyang on Monday after dozens of cases were reported, prompting people to stock up on food over fears of an eventual strict Shanghai-style lockdown. Authorities in Chaoyang, home to 3.45 million people, late on Sunday …

Many shipping companies are targeting double digit growth this year, mainly based on higher freight rates and recovering demand from the manufacturing sector. Vietnam’s largest listed shipping company Gemadept Corporation expects a 19 percent rise in revenues this year to VND3.8 trillion ($165.4 million), and profits to grow by 24 …