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Update news logistics services
Despite great advantages for seaport development, there are still many bottlenecks in the Vietnam’s logistics sector, at a time when Laos and Cambodia are making heavy investments in this field.
Laos - Viet International Port Joint Stock Company held a ceremony to receive the first container ship of 2021 at Vung Ang port in Vung Ang economic zone, Ha Tinh Province’s Ky Anh Town in the morning of January 1.
The Cuu Long (Mekong) Delta province of Kiên Giang invested more than VND645 billion (US$28.2 million) in fishing infrastructure in 2020, according to its Department of Agriculture and Rural Development.
The development of e-commerce together with delays to import and export activities due to disrupted logistics services has accelerated demand for ready-built factories and warehouses during the COVID-19 outbreak in Viet Nam.
The European Union-Vietnam Free Trade Agreement (EVFTA) will boost the demand for logistics services and significantly impact on Vietnam's logistics industry, said a trade official.
According to the Foreign Investment Agency, in the first five months of the year foreign direct investment in new projects was worth US$4.66 billion, 17 per cent down from last year’s figure for the same period.
Setting up a logistics joint venture with Minh Phuong, Samsung has shown that it wants to jump into a new business field in Vietnam. But the move may trigger a new war in the domestic logistics market.
Former Deputy Minister of the Ministry of Transport, Professor La Ngoc Khue, talks about the glaring imbalance of Viet Nam’s traffic system.
Viet Nam plans to invest in its transport infrastructure comprehensively while linking development strategies among sectors in order to develop a multi-modal transport environment, making the country the gateway connecting Southeast Asia
VietNamNet Bridge – As the least developed of the Trans-Pacific Partnership member nations, Viet Nam is most likely to become the biggest beneficiary of the agreement with an increase in GDP, FDI and exports of manufactured goods,
Two-digit import/export growth rates and Free Trade Agreements (FTAs) have made Vietnam into a very promising logistics market worth tens of billions of dollars. However, local logistics firms only have a small piece of the cake.
VietNamNet Bridge - Transport and warehouse costs in Vietnam account for 21 percent of product value.
VietNamNet Bridge – The HCMC Institute for Development Studies has sent the city government a huge plan to develop a special economic zone (SEZ) nearly 890 square kilometers to drive growth here in the city.
VietNamNet Bridge – Transimex–Saigon JSC began construction of a bonded warehouse and logistics centre on a 10ha area at the Sai Gon Hi-tech Park in HCM City on Wednesday.
VietNamNet Bridge – Thousands of logistics entrepreneurs are struggling with a serious shortage of employees since a rapid increase of services demands, the Viet Nam Logistics Institute (VNLI) has said.
VietNamNet Bridge – Import and export companies are now taking on the logistics work themselves after complaining that new fees at ports are “unbearable”.
Building workshops and warehouses to lease to foreign investors proves to be a good way for Vietnamese logistics firms to “obtain some pieces of the logistics cake”.
Vietnam’s government has been facilitating foreign investment in almost all types of logistics services excluding inspection services, certificate granting for conveyances, transport auxiliary services...
DHL Supply Chain (DSC) has announced its plan to invest $13 million in Vietnam to expand its business scale here in anticipation of the Vietnam’s logistics market opening next year.
The rapid growth in Vietnam’s international trade has prompted investors to increase their investments postal services, express delivery and forwarding.