DEMAND SOARS, POWER ECONOMY URGED
The serious electricity shortage in the northern region in May-June 2023 is a valuable lesson on the importance and pivotal role of ensuring electricity security for socioeconomic development.
INFRASTRUCTURE FOCUS SETS STAGE FOR REAL ESTATE BONANZA
Although infrastructure development in Vietnam’s biggest cities is gradually helping to bolster real estate in neighbouring areas and push up prices, investors are advised to remain cautious and take local livelihoods into account.
CARGO OWNERS LAMENT INCREASED FEES AND SURCHARGES
Many shipping companies have increased their terminal handling charges (THC) at ports, resulting in losses for Vietnamese cargo owners, who claimed the increases were not communicated clearly and fairly. Cargo firms have called on the Vietnam Maritime Administration to step up efforts in monitoring fees and surcharges collected by international shipping companies, which has been said to cut into their profit unfairly.
NEW RESOLUTION OPENS OPPORTUNITIES FOR LOGISTICS SECTOR
After a prolonged wait, the government issued Resolution No.98/2023/QH15, a sweeping initiative to steer Vietnam back towards prosperity. However, the pressing question lingers: will this ambitious vision result in tangible changes for the average Vietnamese citizen? The path forward remains laden with uncertainties.
EXPORTS INCREASE SHARPLY SINCE THE BEGINNING OF 2024
January witnessed the highest export turnover since September 2022. Although the world market was still volatile, exports to major markets have recovered, especially processed and manufactured goods and agricultural and forestry products.
EXPORTERS STRUGGLE WITH ESCALATING SHIPPING COSTS
A source from Trung An High-tech Farming JSC, based in Can Tho city, revealed that though the company’s rice export volume to the EU and US is not as big as to Asian markets, the volatility of shipping costs have affected the company’s operations.
INCENTIVES NEEDED TO RAISE COMPETITIVENESS OF LOGISTICS INDUSTRY: INSIDERS
The logistics industry has made big strides in recent times, significantly contributing to the country’s economic growth and generating a number of jobs. In the World Bank rankings, Việt Nam currently ranks 64th out of 160 countries in terms of logistics development and fourth in Southeast Asia after Singapore, Malaysia and Thailand.
LOGISTICS ACQUISITIONS ATTRACT BILLIONS IN US DOLLARS
Although the financial terms of the transaction were not disclosed, Brooke Miller, Asia Pacific president at Lineage commented that partnering with SK Logistics is a remarkable opportunity for the company to continue delivering its cold storage solutions in the Asia Pacific region.
