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.
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.
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.
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.
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.
Vietnam will have profound opportunities in logistics chain development over the next 2-3 years and beyond if it can also address its shortcomings, according to participants at a summit jointly organised by Vietnam Investment Review and SLP Vietnam last week in Ho Chi Minh City.
Facing the trend of more large-scale manufacturers in the world planning to move production facilities to Southeast Asian countries, the demand for logistics services and warehouse facilities, in particular, is forecasted to have strong growth steps.
Frasers Property Vietnam currently owns more than one million square metres of factories and warehouses in key industrial areas in both the south and north and is accelerating investment in new projects.