HO CHI MINH CITY PROPOSES 3-MONTH DELAY FOR SEAPORT FEES
Ho Chi Minh City Department of Transport has proposed delaying the collection of seaport infrastructure fees for three months to help businesses weather the COVID-19 storm.
FREIGHT COSTS WEIGH DOWN ON DISRUPTED BUSINESSES
Phan Van Viet, chairman of jeans and khaki producer Viet Thang Jean Co., Ltd. (VitaJean), said that the costs to ship goods in a shipping container have tripled during the global health crisis. The rate for a container from Vietnam to Europe has risen from $3,000 pre-pandemic to $10,000 last month, the highest on record. This has caused several obstacles for VitaJean’s export activities to overseas markets.
SOUTH KOREA OPENS NEW CONTAINER SHIPPING ROUTE TO VIETNAM
South Korea’s opening a new container shipping route to Vietnam will create more favourable conditions for enterprises to increase bilateral export activities.
ESR PLACES RABBIT’S FOOT IN VIETNAM THROUGH LOGISTICS REAL ESTATE JOINT VENTURE WITH BW
ESR Cayman Ltd., the largest logistics real estate platform focused on Asia-Pacific, has set up a joint venture with a leading logistics and industrial real estate operator BW Industrial Development JSC to develop and own My Phuoc 4 Industrial Park in Binh Duong province.
ASIAN GIANTS RETAIN GRIP OF VIETNAMESE LOGISTICS SECTOR
There will be little change in current trends of mergers and acquisitions in Vietnam’s logistics industry this year as domestic players remain sellers and Asian investors continue to gain the upper hand.
NEW CONTAINER TERMINALS TO BE BUILT IN HAI PHONG
A project building container terminals No 3 and 4 at the Hai Phong International Gateway Port in the Lach Huyen Port area was launched in the northern port city on May 12.
LAUNCH OF DIRECT VIETNAM-US FLIGHT ROUTES A CHALLENGING JOURNEY
The flights would be operated using the long-haul Boeing 787-9 Dreamliner aircraft. The carrier said it was rushing to complete the final steps in the process of building its personnel apparatus, including pilot and flight crew training, to get ready for operating direct flights to the U.S.
FOREIGN INVESTORS INCREASE ACQUISITIONS OF RENEWABLE ENERGY PROJECTS IN VIETNAM
Foreign investors from China, Thailand, and Singapore are increasingly acquiring renewable energy projects located at strategic positions from domestic enterprises.
