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Update news logistics sector
The growing tendency of consumers shopping online globally has led to a sharp demand for cold storage warehouses, but investment in cold storage facilities remains modest.
The logistics sector is forecast to continue growing strongly this year, with expansion in both retail and e-commerce channels.
On February 11 Logivan (LOGIVAN Technologies Pte), a Vietnamese platform that connects truckers with shipping companies, secured US$5.5 million from venture capital firm Alpha JWC and two angel investors,
In February 2017, the PM signed Decision 200 approving an action plan to develop Vietnam’s logistics by 2025, a large-scale plan with 60 tasks assigned to relevant ministries, agencies, associations and businesses.
VietNamNet Bridge – iFreight, a startup in the logistics sector, on December 26 introduced its online logistics booking system in Vietnam on the website at https://ifreight.net.
Can Tho City, the heart of Mekong Delta, has been chosen by the government as the site to build Mekong Delta’s logistics center with total area of 242 hectares in the Cai Cui Port area.
VietNamNet Bridge – Logistics trading is not provided adequate conditions for development in Viet Nam though it is considered a cash cow sector,
VietNamNet Bridge – The Viet Nam Railways Corporation (VNR) recently submitted a proposal to the Ministry of Transport to upgrade 22 tunnels on the railway line between Ha Noi and HCM City.
The boom in trade expected from upcoming free trade agreements, the Trans-Pacific Partnership and the ASEAN Economic Community as well the country’s rapidly growing e-commerce are going to drive a transformation in Vietnam’s logistics industry.