LOGISTICS MARKET SEES WAVE OF INVESTMENT FROM JAPAN, ROK
The logistics market has become more vibrant in recent times with large merger and acquisition (M&A) deals between Vietnamese businesses and foreign investors who have strong financial and technological potential, especially those from Japan and the Republic of Korea.
CITY SPEEDS UP DEVELOPMENT OF LOGISTICS SECTOR
According to the Việt Nam Logistics Business Association, more than 70 per cent of the country’s 3,000 logistics firms are in the city, mainly operating in shipping and delivering, transportation, warehousing, ports, loading and unloading, distribution, customs clearance and integrated logistics services.
VIETNAMESE VESSEL FLEET RANKS 30TH WORLDWIDE
Average vessel age of Vietnamese ones is 15.6 years old, lower than the world’s ones of 20.8 years old. Especially, the number of Vietnamese containers increased from 19 in 2013 to 39 in 2019.
INFO MINISTER URGES HCMC TO SPEED UP TELECOM INFRASTRUCTURE DEVELOPMENT
Minister Hung voiced his support for the city’s stance on technology adoption to bolster its economic growth and resolve its problems. He said the Ministry of Information and Communications regards the city as the driving force behind information and communications technology development in the country.
LOGISTIC BOOMS WITH MILLION-DOLLAR DEALS, FOREIGN FIRMS LOOK TO SPREAD
Earlier this month, Singapore-based Symphony International Holdings spent US$42.6 million to buy 28.57 per cent of Indo Trans Logistics Joint Stock Company (ITL Corp) from Singapore Post.
VIETNAM CUTS IM-EXPORT TARIFFS UNDER CPTPP PACT
Prime Minister Nguyen Xuan Phuc has signed a decree enacting two Schedules on preferential export/import rates, which brings provisions of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) into force.
PM TELLS NORTHERN REGION TO OPTIMISE ADVANTAGES FOR STRONGER DEVELOPMENT
The Government leader highlighted the region’s strategic importance in terms of politics, society-economy and defence-security, adding that it was the second biggest economic region in the country and the only region where all localities contributed to the central budget.
VNA PLANS US$80 MILLION LOGISTICS PROJECT IN CAN THO
The Mekong Delta is the country’s largest agricultural production area and has seen growing demand for air cargo transportation, especially for high-value items for export. In 2017, the volume of goods transported from the region through Tan Son Nhat airport in HCMC exceeded 70,000 tons.
