AVIATION INDUSTRY FORECAST TO FACE A HARD YEAR IN 2021
With only domestic routes operating, the competition in the aviation industry next year will be fiercer. All aircraft are now converging on domestic routes to improve cash flow. Meanwhile, Vietjet Air has received 11 new aircraft, bringing the total number of aircraft in operation to 88. Bamboo Airways reduced two A320s but received four small aircraft E195, bringing its fleet to 26.
CÁI MÉP INT’L TERMINAL RECEIVES MASSIVE CONTAINER SHIP
Many shipping lines around the world are using container ships with large capacity. To serve such large ships, seaports need to be able to efficiently receive and handle the container ships, ensuring that they enter and exit the port safely.
FRESH PORT CHARGES HIT CITY’S LOGISTICS
Despite strong objections among businesses, Ho Chi Minh City will start collecting infrastructure and service fees at seaports from July 2021, triggering concerns over logistics cost increases.
SOME VND96 TRILLION NEEDED FOR LOGISTICS DEVELOPMENT IN NEXT 10 YEARS
In the next 10 years, VND95.8 trillion will be needed for the development of the logistics sector in HCMC to fulfill the target of contributing 12% to the gross regional domestic product (GRDP) in 2030, according to a plan for logistics development in HCMC until 2025 with a vision toward 2030, which has been passed.
FREIGHT AND LOGISTICS STOCKS ON THE RISE DESPITE PANDEMIC
Freight and logistics stocks have seen major gains since the beginning of 2020 even as the COVID-19 pandemic has wreaked havoc on the economy.
E-COMMERCE INDUSTRY SEEKS TO LEVERAGE LOGISTICS GROWTH
Flexible warehousing models that can help businesses optimise their storage are required amid the development of e-commerce, experts have suggested.
ASEAN SMART LOGISTICS NETWORK LAUNCHED
Prime Minister Nguyen Xuan Phuc and his Singaporean counterpart Lee Hsien Loong, via videoconference, witnessed on November 14 the launch of the ASEAN Smart Logistics Network (ASLN) with the Vinh Phuc ICD Logistics Centre (SuperPort) its first project.
RAISING GROWTH VIA PUBLIC INVESTMENT
The government has proposed a strong 5-year increase in public investment to achieve high economic growth, with more opportunities for private investors to join.
