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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 …

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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. …

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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, …

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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 …

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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 …

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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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