Foreign investors from China, Thailand, and Singapore are increasingly acquiring renewable energy projects located at strategic positions from domestic enterprises.
HCM City is focusing on developing its infrastructure for e-commerce amid the rising trend in online shopping, according to the city’s Department of Industry and Trade.
The HCM City Department of Transport has asked the city government to give priority in the next five years to six key transport projects worth VNĐ27.488 trillion (US$1.19 billion) in order to clear congestion on roads leading to ports, especially Cát Lái Port in District 2.
Four of the newly added terminals are located in Ba Ria-Vung Tau Province while while Hai Phong, Khanh Hoa, Dong Nai, and HCM City have one new terminal each.
State-run Vietnam Post Corporation (VNPost) has launched a fresh logistics centre in Danang, employing the most cutting-edge package sorting system in Southeast Asia.
According to the evaluation of the Department of Transport, the province’s seaport system is a collection of disconnected small-scale ports (only two of the 17 seaports have a scale of over 30 hectares while there are many ports which are only a few hectares) supported by weak connecting transport infrastructure.
Maritime transport costs have skyrocketed in recent months as the impact of the COVID-19 pandemic takes its toll, pushing import-export companies into a lot of difficulties.
Investment in key infrastructure projects should be a priority in the next five years to give strong boost to socio-economic development, said Prime Minister Nguyen Xuan Phuc.