Business News

With its annual growth of 12-14 per cent, the logistics sector, especially seaports, is becoming attractive to both domestic and foreign investors, experts said.

This was stressed at the seminar titled "Logistics industry before the turning point of digital transformation. Risk management to properly and effectively digitize services", held in Ho Chi Minh City on September 30.

HCM City plans to complete a number of major transport projects by 2025 that are expected to reduce traffic congestion at city gateways and improve connections to neighbouring provinces.

According to Sacombank Securities Joint Stock Company (SBS), due to the pandemic, port throughput has decreased in growth momentum compared to previous years as exports to Europe and the US fell sharply. Key products such as apparel and leather shoes witnessed orders fall more than 50 per cent.

Developing ecological industrial real estate is a new direction for the central city of Danang in its strategy to attract investment into high-tech projects, with many companies interested in large-scale logistics projects manifested by the upcoming Lien Chieu deepwater port.

The construction of a series of seaports in the south-central region is expected to drive its maritime economic development, according to local government leaders.

The southern province of Ba Ria - Vung Tau was one of the leading localities in attracting investment during 2016-2020, Director of the provincial Department of Planning and Investment Nguyen Cong Vinh has said.

The Vietnam Young Logistics Talents 2020 contest was officially kicked off in early August and will last until December as part of the effort to deal with the difficulty and to raise people’s awareness about the importance of logistics development in economic development.