Want to be in the loop?
subscribe to
our notification
Business News
BA RIA – VUNG TAU TO DEVELOP MODERN SEAPORTS, LOGISTICS SERVICES
A workshop was held in the southern province of Ba Ria – Vung Tau on June 18 to seek ways to develop seaports and logistics services, which are important components of the local economy.
Secretary of the provincial Party Committee Nguyen Hong Linh said from now to 2025, Ba Ria – Vung Tau is going to focus resources on developing modern seaports and related logistics services.
It will reserve 20 trillion VND (859.6 million USD) for investing in transport infrastructure linking seaports and regions, along with 2,000ha of land for developing the logistics system and a modern goods certification centre during the period.
The province will also select capable investors to develop seaport logistics services, set up a management board of the Cai Mep – Thi Vai port complex to create the best possible conditions for businesses and shipping firms when using the port system, and develop this complex into an export and import gateway of the southern key economic region, Linh noted.
Chairman of the provincial People’s Committee Nguyen Van Tho said seaport and logistics services are defined as important components of the local economy, adding that Ba Ria – Vung Tau has worked with relevant ministries and sectors to carry out numerous solutions to boost investment in the services and reaped practical outcomes.
He cited statistics as showing that the volume of cargo transported by sea and handled in the province has increased by 10 percent between 2016 and 2020. In particular, container freight delivered by vessels has grown by over 20 percent annually.
At the workshop, Deputy Minister of Transport Nguyen Van Cong said the ministry is considering the allocation of medium-term capital to dredging the Cai Mep – Thi Vai marine passage.
He asked Ba Ria – Vung Tau to accelerate the progress of Ben Luc – Long Thanh Expressway project, as well as the construction of roads connecting the Cai Mep – Thi Vai port complex with Phuoc An bridge, Ben Luc – Long Thanh Expressway and Bien Hoa city in nearby Dong Nai province to boost demand for goods transportation via the complex.
Cong also suggested the province attract more big investors to create more export sources and build logistics zones before putting ports into operation.
The Cai Mep – Thi Vai port complex was the one posting the world’s fastest growth in 2017 and also among the 21 ports around the world able to handle vessels of up to 200,000 tonnes.
Of the 69 port projects planned in Ba Ria – Vung Tau, 48 have become operational, and they are able to deal with 141.5 million tonnes of cargo each year. Meanwhile, 2,312ha of land has been zoned off for developing logistics facilities, with 20 projects covering 224ha already put into use.
Source: VIR
Related News
DOING BUSINESS WITH CHINA 2.0
As China continues to evolve into a global powerhouse in innovation, technology, and advanced manufacturing, understanding how to effectively engage with this market has never been more critical. Doing Business with China 2.0 is a flagship executive programme designed to equip business leaders with practical insights, strategic perspectives, and first-hand exposure to navigate China’s rapidly changing landscape.
VIETNAM TAPS AI TO CONNECT MILLIONS OF WORKERS WITH EMPLOYERS
Vietnam’s Ministry of Home Affairs on April 14 launched a national job exchange at vieclam.gov.vn, a key digital platform designed to directly connect more than 53.6 million workers with nearly one million businesses. The platform goes beyond a conventional job portal, positioning itself as a nationwide data-integrated ecosystem. Its technological highlight is the use of artificial intelligence (AI) to automatically analyze and match job vacancies with workers’ skills and experience.
HCMC SET TO START WORK ON SEVEN MAJOR INFRASTRUCTURE PROJECTS
Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.
VIETNAM GETS US$2.64 BILLION FROM SEAFOOD EXPORTS IN Q1
Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.
VNAT EYES 25 MILLION FOREIGN VISITORS IN 2026
In the first quarter of the year, international arrivals amounted to 6.7 million, up 12.4% from a year earlier and the highest level on record. Domestic travel reached an estimated 37 million trips, with total tourism revenue at around VND267 trillion. Global developments pose risks. Geopolitical tensions in the Middle East have driven up fuel prices, increasing transport and tourism service costs.
US$250-MILLION DEAL ADVANCES VIETNAM’S GREEN CREDIT PUSH
Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has secured a US$250-million sustainable financing package to support green agriculture and small and medium-sized enterprises (SMEs), marking a major step in mobilizing international capital for priority sectors. The facility was arranged in partnership with the Asian Development Bank (ADB), alongside international partners including the Japan International Cooperation Agency (JICA) and the Government of Canada.
























