On September 9, 2023, in Can Tho City, within the framework of the Launching Ceremony of the Vinh Thanh Industrial Park – VSIP Can Tho, Saigon Newport Corporation (SNP) and the Vietnam-Singapore Industrial Park Joint Venture Company Limited (VSIP) signed a memorandum of understanding on strategic cooperation in the field …
Read More »Exports to ASEAN nations soar
VGP – Viet Nam gained US$13.9 billion from exporting to ASEAN nations in the first half of 2021, a year-on-year increase of 28.2 percent, according to the Ministry of Industry and Trade. Exports to ASEAN accounted for 8.8 percent of the country’s total export turnover, higher than exports to key …
Read More »U.S. trade agency drops tariff threat against Viet Nam over currency practices
VGP – The Office of the United States Trade Representative (USTR) on July 23 issued a formal determination in the Viet Nam Currency Section 301 investigation reflecting the agreement reached earlier this week between the Department of the Treasury and the State Bank of Viet Nam (SBV). The determination finds …
Read More »Many consulting services for HCMC’s metro line No. 1 suspended
A train carriage of the first metro line project in HCMC is placed on a specialized tractor trailer to be transported to the Long Binh Depot. Many consulting services for the metro line have been suspended – PHOTO: NLDO HCMC – The consulting unit of HCMC’s first metro line project, …
Read More »City to tackle smuggling, trade fraud at port
HCM City plans to step up enforcement against smuggling and trade fraud to cope with the increasing number of violations, especially at Cát Lái Port in HCM City. A number of smuggling cases have taken place at international ports, especially at Cát Lái Port, the country’s largest international container port. …
Read More »Cai Lan seaport launches new route linking six nations
ACS international maritime route has been launched at Cai Lan International Container Seaport linking six nations including India, Malaysia, Singapore, Vietnam, China and South Korea on Tuesday. The route has been developed by the alliance of two shipping lines Huyndai Merchant Marine and Gold Star Line. On the same day, …
Read More »Personnel shortage keeps logistics trade backward
Vietnam ranks very low in logistics development among ASEAN members, speakers said at an annual general meeting held last week in HCM City by the Southeast Asian Federation of Forwarders’ Associations. It needs support from more developed members and international logistic associations, they said. Together with Laos and Myanmar, Vietnam …
Read More »Container pavilion at transport logistic China 2010: Asia spurs on container transport worldwide
The International Tank Container Organisation (ITCO) and the Container Owners Association (COA) are sending their members and exhibition containers on a trip to Shanghai in June, where they will be signalling the revival of the container business by taking a container pavilion at transport logistic China. Asia’s most important exhibition …
Read More »Vietnam Striving to Reduce Logistics Costs
Despite being rather a new sector in Vietnam, logistics has proved its importance in the country’s socio-economic development. However, the development of this potential service is facing many big challenges. Burden of costs Logistics is a process which is carried out to minimise costs for the identification of location and …
Read More »Poor logistics industry retards economy
Demand for logistics services has risen rapidly, but the plan to develop a professional logistics centre in HCM City is still on the drawing board, experts say. In recent years, the country poured money into infrastructure projects, but the lack of a professional logistics industry was retarding the competitiveness of …
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