Card image cap
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

SEAPORTS FACE CHALLENGING FORECASTS

Despite reaching better business performance in 2021 so far compared to a problem-strewn previous year, foreign-invested joint venture seaports are facing challenges related to full capacity and container attraction.

Card image cap
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIETNAMESE INVESTORS, CONTRACTORS STRUGGLE DUE TO HIGHER STEEL PRICE

Although local iron and steel prices have dropped, they are still at high rates, up 1.7 times compared to the end of 2020, causing investors and construction contractors to suffer.

Card image cap
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

SEAPORT DOUBLE H1 PROFITS DESPITE PANDEMIC

According to the Vietnam Maritime Corporation (VIMC), seaports under the corporation’s management handled 67 million tons of cargo in the first half of the year and recorded revenues of more than VND4.5 trillion, a year-on-year increase of 124 percent.

Card image cap
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

HO CHI MINH CITY PROPOSES 3-MONTH DELAY FOR SEAPORT FEES

Ho Chi Minh City Department of Transport has proposed delaying the collection of seaport infrastructure fees for three months to help businesses weather the COVID-19 storm.

Card image cap
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

FREIGHT COSTS WEIGH DOWN ON DISRUPTED BUSINESSES

Phan Van Viet, chairman of jeans and khaki producer Viet Thang Jean Co., Ltd. (VitaJean), said that the costs to ship goods in a shipping container have tripled during the global health crisis. The rate for a container from Vietnam to Europe has risen from $3,000 pre-pandemic to $10,000 last month, the highest on record. This has caused several obstacles for VitaJean’s export activities to overseas markets.

Card image cap
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

SOUTH KOREA OPENS NEW CONTAINER SHIPPING ROUTE TO VIETNAM

South Korea’s opening a new container shipping route to Vietnam will create more favourable conditions for enterprises to increase bilateral export activities.

Card image cap
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

ESR PLACES RABBIT’S FOOT IN VIETNAM THROUGH LOGISTICS REAL ESTATE JOINT VENTURE WITH BW

ESR Cayman Ltd., the largest logistics real estate platform focused on Asia-Pacific, has set up a joint venture with a leading logistics and industrial real estate operator BW Industrial Development JSC to develop and own My Phuoc 4 Industrial Park in Binh Duong province.

Card image cap
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

ASIAN GIANTS RETAIN GRIP OF VIETNAMESE LOGISTICS SECTOR

There will be little change in current trends of mergers and acquisitions in Vietnam’s logistics industry this year as domestic players remain sellers and Asian investors continue to gain the upper hand.


Technology Sponsor