LOGISTICS GROUPS BRANCH OUT FOR GAINS
Deputy director Tran Hong Kien said, “In the next five years, our revenue and profit are expected to grow continuously on an annual basis at an average rate of about 11 and 23 per cent, respectively. Return on equity is expected to reach about 14 per cent a year on average. This is a good performance compared to other companies in the same industry.”
VIETNAM REVISES IMPORT TARIFFS UNDER ASEAN-KOREA TRADE AGREEMENT
The Government of Vietnam has issued a decree to revise import tariffs under the ASEAN-Korea Free Trade Agreement (AKFTA) in the 2022-2027 period. Under Decree No. 81/2024/ND-CP, goods such as live animals, meat, and meat by-products intended for consumption post-slaughter will now enjoy a zero percent AKFTA tariff.
VN AIMS TO BUILD A MODERN, SUSTAINABLE, EFFICIENT LOGISTICS INDUSTRY
Viet Nam needs a long-term development strategy for the logistics industry. “A development strategy to 2035 with a vision to 2045 will link logistics with the development of goods production, import and export, transport infrastructure and information technology in a sustainable, modern and efficient direction,” Hải said.
DIGITAL TRANSFORMATION IN LOGISTICS – A KEY TO UNLOCKING SUSTAINABLE E-COMMERCE AND ECONOMIC DEVELOPMENT
Accelerating digital transformation in logistics is critical in order to promote the sustainable development of e-commerce, a conference on applying technology held by the Ministry of Industry and Trade heard on Thursday, as well as accelerating overall economic growth.
MOIT PROPOSES SCHEME TO BOOST RENEWABLE ENERGY PROCUREMENT
The proposed Direct Power Purchase Agreement (DDPA) mechanism, outlined in the draft decree, targets organisations and individuals consuming electricity from the 22kV power grid or higher, with a monthly consumption averaging 500,000kWh. However, residential households are excluded from direct procurement.
DEMAND SOARS, POWER ECONOMY URGED
The serious electricity shortage in the northern region in May-June 2023 is a valuable lesson on the importance and pivotal role of ensuring electricity security for socioeconomic development.
INFRASTRUCTURE FOCUS SETS STAGE FOR REAL ESTATE BONANZA
Although infrastructure development in Vietnam’s biggest cities is gradually helping to bolster real estate in neighbouring areas and push up prices, investors are advised to remain cautious and take local livelihoods into account.
CARGO OWNERS LAMENT INCREASED FEES AND SURCHARGES
Many shipping companies have increased their terminal handling charges (THC) at ports, resulting in losses for Vietnamese cargo owners, who claimed the increases were not communicated clearly and fairly. Cargo firms have called on the Vietnam Maritime Administration to step up efforts in monitoring fees and surcharges collected by international shipping companies, which has been said to cut into their profit unfairly.
