Want to be in the loop?
subscribe to
our notification
Business News
CITY SPEEDS UP DEVELOPMENT OF LOGISTICS SECTOR
HCM City is making efforts to improve its logistics services to create a driving force for its economy as well as that of the southern key economic region.
With its strategic location, the city is an important trade gateway for the country’s southern region, accounting for US$85.2 billion worth of imports and exports last year, or 17.7 per cent of the country’s total.
Nguyễn Quỳnh Trang, deputy director of the city Department of Industry and Trade, said the city had relatively developed logistics services and played a leading role in cargo transport for the south and the country as a whole.
It transshipped nearly 75 per cent of the southern key economic region’s goods and more than 20 per cent of the country’ s, she said.
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.
The city has more than 40 berths with a total length of 14 km and 61 piers. Last year the volume of cargo passing through its ports increased by 9 per cent and this year it is forecast to exceed the capacity targeted next year.
But logistics development faces obstacles like overburdened roads and ports and lack of connectivity.
Lê Duy Hiệp, the association chairman, said high logistics costs, inappropriate policies, tortuous administrative procedures and lack of qualified human resources, experience in supply chain management and facilities were obstacles the city as well as the country in general should resolve soon.
Therefore, the city needed to focus on making zoning plans for logistics infrastructure and invest more on developing its transport system, especially inland waterway transport, and have a strategy to develop human resources for the logistics industry, he said.
Recognising the importance of the logistics industry, the city government has tasked the Department of Industry and Trade to develop a plan or it for until 2025.
The plan aims to develop logistics into a key service sector, develop the city into a regional transshipment port and reduce logistics costs.
Three logistics centres will be developed to better facilitate cargo transportation between the city and other localities, one each in the south and north and one for aviation.
The former two are expected to be at least 40 hectares in size in 2020 and expanded to 70ha by 2030, and linked with ports and inland container depots in the city and Bà Rịa-Vũng Tàu, railway stations and industrial zones.
The aviation logistics centre at Tân Sơn Nhất International Airport is expected to be at least 3-4 ha in the first phase and 7-8ha in the second.
They will perform two roles: store, transship and supply goods to the city distribution systems and transship goods to other cities and provinces and import and export goods through the city’s ports.
The city plans to accelerate the construction of key infrastructure projects to boost the logistics industry in the next decade.
Source: VNS
Related News
VIETNAM EXPANDS INLAND CONTAINER DEPOT NETWORK TO 19
The two newly added ICDs are Cai Mep in HCMC and Tan Cang-Moc Bai (phase one) in Tay Ninh Province. Cai Mep ICD, located in Cai Mep Industrial Park in Tan Phuoc Ward, HCMC and developed by Cai Mep International Logistics JSC, covers 9.15 hectares and has an annual handling capacity of about 133,000 TEUs, according to the Government news site (baochinhphu.vn).
HCMC CREDIT UP 1.5% IN Q1
Outstanding loans in the city reached an estimated VND5.28 quadrillion, up 0.77% from the previous month and 16.25% year-on-year, data from the State Bank of Vietnam’s Regional Branch 2 showed. Vietnam dong loans accounted for 96.1% of total credit and rose 1.46% from the end of 2025. Medium- and long-term lending made up 55% of total outstanding loans and increased 3.22%.
HCMC TO ESTABLISH CULTURAL INDUSTRY DEVELOPMENT FUND
The HCMC People’s Committee has tasked relevant departments with establishing a cultural industry development fund and developing a 150-hectare film studio complex. The move follows an instruction by HCMC Party Committee Secretary Tran Luu Quang. The city’s cultural industry development fund will be structured under a venture capital model.
EMPLOYEES’ AVERAGE INCOME INCREASES
Average monthly income of workers in the first quarter reached VND9 million, up 3.8% from the previous quarter and 8.5% from a year earlier, according to the National Statistics Office. Male workers earned an average of VND10.1 million per month, compared with VND7.7 million for female workers. In urban areas, average income reached VND10.7 million per month, while in rural areas it was VND7.9 million.
HCMC KICKS OFF OVER 10 PROJECTS DURING APRIL
Work will start on major projects in transportation, urban development and logistics sectors in HCMC this month, coinciding with Vietnam’s Reunification Day, April 30. They include the N3 ramp at the An Phu interchange with an investment of VND3.4 trillion and the 1.69-hectare Tan Chanh Hiep Park. In addition to these, seven other projects are slated to break ground within the month, including the Ho Tram – Long Thanh airport urban expressway, the Nha Rong – Khanh Hoi port area and the Ho Chi Minh Museum expansion.
VIETNAM’S Q1 FOREIGN TOURIST ARRIVALS HIT RECORD HIGH
Vietnam welcomed nearly 2.1 million international visitors in March, bringing first quarter foreign tourist arrivals to 6.76 million, up 12.4% year-on-year and marking a record high for the period, the national authority for tourism said. Air travel accounted for 82.3% of international arrivals, followed by land at 15.5% and sea at 2.2%, according to the Vietnam National Authority of Tourism.
























