China-Vietnam Trade Turnover Sets New Record
LOS ANGELES, March 2, 2011 /PRNewswire/ — Trai Thien USA, Inc. (OTC Bulletin Board: TRTH) today announced that two-way trade between Vietnam and China increased by nearly 43% in 2010, according to Vietnam’s Department of Customs. According to Thang Nguyen, Trai Thien’s COO/Director, “We have anticipated this growth in trade, evidenced by Trai Thien’s strategy of acquiring and operating larger dry bulk shipping vessels. This is allowing us to markedly differentiate ourselves from competitors in meeting the escalating demand for larger payload capacities on the part of small- and mid-sized clients within greater Southeast Asia. Trai Thien is witnessing the effects of these trade figures on-the-ground, on a day-to-day basis, in terms of significant overall increases in trade volume, as well as the types of products being traded – more input commodities going to China from Vietnam and other ASEAN countries.”
Mr. Nguyen continued, “Last fiscal year, around 20% of Trai Thien’s business was related to the China market. The bulk of the two-way trade between Vietnam and China noted by the Department of Customs is primarily in commodities that Trai Thien ships regularly, such as ores, minerals, rubber, lumber, foodstuff, and electrical equipment and components. This segment of our shipping has been increasing steadily and we have every reason to believe that this trend will continue. The recent macroeconomic trade figures lend credence to our strategy of focusing our efforts on becoming a specialized shipping leader in Southeast Asia. Our historically consistent increase in revenues shows that Trai Thien is on the correct growth path.”
Trai Thien is a fast-growing Vietnam-based dry bulk shipping company specializing in providing ocean transportation services for raw material input items in Southeast Asia through a fleet of owner-operated and term-leased geared vessels.
CONTACT: Jacob Nguyen of ProPublic Media, +1-310-740-3236, for Trai Thien USA
SOURCE Trai Thien USA, Inc