FRESH PORT CHARGES HIT CITY’S LOGISTICS
Despite strong objections among businesses, Ho Chi Minh City will start collecting infrastructure and service fees at seaports from July 2021, triggering concerns over logistics cost increases.
SOME VND96 TRILLION NEEDED FOR LOGISTICS DEVELOPMENT IN NEXT 10 YEARS
In the next 10 years, VND95.8 trillion will be needed for the development of the logistics sector in HCMC to fulfill the target of contributing 12% to the gross regional domestic product (GRDP) in 2030, according to a plan for logistics development in HCMC until 2025 with a vision toward 2030, which has been passed.
FREIGHT AND LOGISTICS STOCKS ON THE RISE DESPITE PANDEMIC
Freight and logistics stocks have seen major gains since the beginning of 2020 even as the COVID-19 pandemic has wreaked havoc on the economy.
E-COMMERCE INDUSTRY SEEKS TO LEVERAGE LOGISTICS GROWTH
Flexible warehousing models that can help businesses optimise their storage are required amid the development of e-commerce, experts have suggested.
ASEAN SMART LOGISTICS NETWORK LAUNCHED
Prime Minister Nguyen Xuan Phuc and his Singaporean counterpart Lee Hsien Loong, via videoconference, witnessed on November 14 the launch of the ASEAN Smart Logistics Network (ASLN) with the Vinh Phuc ICD Logistics Centre (SuperPort) its first project.
RAISING GROWTH VIA PUBLIC INVESTMENT
The government has proposed a strong 5-year increase in public investment to achieve high economic growth, with more opportunities for private investors to join.
SHIPMENTS BOUND FOR EU TWO YEARS AGO ELIGIBLE FOR TAX INCENTIVES
Shipments bound for the European Union (EU) market before August 1, the day the EU-Vietnam free trade deal took effect, will still be granted a certificate of origin (C/O) to enjoy preferential tax policies as part of the agreement.
DAIRY EXPORT RISE LIKELY WITH EU INFLUX
Currently, dairy products are subject to 5-20 per cent tariffs. For instance, for cheese it is 10 per cent. However, the EVFTA will gradually eliminate all duties. Under these circumstances, dairy trade flows between the EU and Vietnam will most likely increase.
