Business News

Once the draft master plan on the development of the national airport network to 2030 with a vision to 2050 from the Civil Aviation Administration of Vietnam (CAAV) is approved, Vietnam will have 26 airports by 2030, 14 of which will be international airports.

After the transformation into a JSC with a new trading name and logo, the country’s shipping group Vietnam Maritime Corporation (VIMC) is setting sail towards the international market and sustainable development by focusing on a profitable seaport business.

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.

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.

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.

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 have seen major gains since the beginning of 2020 even as the COVID-19 pandemic has wreaked havoc on the economy.

Flexible warehousing models that can help businesses optimise their storage are required amid the development of e-commerce, experts have suggested.