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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

PROPERTY MARKET MUST SHIFT TOWARDS LOW-COST HOUSING: CONSTRUCTION MINISTRY

The Ministry of Construction has proposed reforming administrative procedures to create favourable conditions for the development of low-cost, compact social and commercial housing. This is one of the solutions suggested in the ministry’s latest report, submitted to the National Assembly ahead of its May session starting on May 20.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

CAI MEP INTERNATIONAL TERMINAL RUNNERS UP IN PERFORMANCE EVALUATION OF ASIA'S CONTAINER PORTS

Cai Mep International Terminal (CMIT) was the runner-up in the performance evaluation of Asia's container ports in 2018.  The French shipping company CMA CGM Group, one of the world’s largest shipping company and member of the Ocean Alliance has announced the performance evaluation of Asia's 22 container ports in 2018.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

PLAN ON IMPROVING LOGISTICS PERFORMANCE INDEX RATIFIED

The Minister of Industry and Trade has issued a Decision on approving a plan improving Viet Nam’s logistics performance index.  The plan aims to improve the ranking of Viet Nam in the Logistics Performance Index (LPI), which is announced by the World Bank from 5-10 steps by 2025 (in 2018, Viet Nam occupied the 39th position in the world in LPI ranking).

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

LONG AN PROVINCE SEEKS FUNDS FOR TRANSPORT PROJECTS

In addition, the ministry has directed units to carefully inspect and propose investment for projects such as Belt Ring Road No.2 and No.3, and HCM City- Long An- Tiền Giang expressway, which play an important role in socio-economic development of the province and nearby cities.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

STATE TO EXPLORE FEE CUTS FOR SHIPPING COMPANIES

The Vietnam Maritime Administration has requested that associations, seaport companies and shipping companies be exempted or allowed to pay reduced service fees for containers stored at seaports for a long time.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

US TO APPROVE DIRECT FLIGHTS FROM VIETNAM

The United States’ Federal Aviation Administration (FAA) is expected to grant a Category 1 rating to Vietnam soon, allowing its airlines to fly to the US and codeshare with US carriers, according to the Strait Times.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

QUẢNG TRỊ GETS PM APPROVAL FOR $614 MILLION PORT PROJECT

The central province of Quảng Trị is going to build a seaport at a cost of VNĐ14 trillion (US$614 million) at local Mỹ Thủy Beach in an attempt to boost development of the province’s key economic zone.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

DA NANG GREENLIGHTS $606 MILLION LOGISTICS PLAN

The central city of Da Nang has approved a master plan for the development of its logistics infrastructure by 2030 with total investment of VND13.7 trillion (US$606 million).