HO CHI MINH CITY, Vietnam, Oct. 26, 2011 /PRNewswire/ -- Trai Thien USA (OTC Markets: TRTH) management today discussed developments in its niche Southeast Asia dry bulk shipping market servicing small- and mid-sized enterprises, which it expects will continue to grow significantly through at least 2012, driven in part by strong demand for input commodities in China, India and the ASEAN satellite markets. The Asia Pacific region accounts for about 70% of world sea-borne trade in bulk commodities and TRTH's strategic geographic location in Ho Chi Minh, Vietnam allows the Company to both realize operational efficiencies and benefit from growth in intra-ASEAN trade, where charter rates have been relatively steady, even during the global recession.
Khanh Nguyen, Chairman of the Company, noted, "Based on our growth forecast of 7.3% through 2013, we expect Vietnam to be one of the fastest growing economies in Asia. With approximately 90% of TRTH's revenues generated outside of Vietnam, of particular relevance to our business is the favorable growth in intra- and extra-ASEAN trade, which has averaged approximately 25% between 2003-10. Based on these developments, we believe Trai Thien has positioned itself well to continue profiting from favorable trade trends both in Vietnam and in the wider ASEAN marketplace."
Safe Harbor Statement: Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.
CONTACT: Jacob Nguyen of ProPublic Media, +1-310-740-3236, for Trai Thien USA
SOURCE Trai Thien USA