PLAN ON IMPROVING LOGISTICS PERFORMANCE INDEX RATIFIED
The Minister of Industry and Trade has issued a Decision on approving a plan improving Viet Nam’s logistics performance index. The plan aims to improve the ranking of Viet Nam in the Logistics Performance Index (LPI), which is announced by the World Bank from 5-10 steps by 2025 (in 2018, Viet Nam occupied the 39th position in the world in LPI ranking).
LONG AN PROVINCE SEEKS FUNDS FOR TRANSPORT PROJECTS
In addition, the ministry has directed units to carefully inspect and propose investment for projects such as Belt Ring Road No.2 and No.3, and HCM City- Long An- Tiền Giang expressway, which play an important role in socio-economic development of the province and nearby cities.
STATE TO EXPLORE FEE CUTS FOR SHIPPING COMPANIES
The Vietnam Maritime Administration has requested that associations, seaport companies and shipping companies be exempted or allowed to pay reduced service fees for containers stored at seaports for a long time.
US TO APPROVE DIRECT FLIGHTS FROM VIETNAM
The United States’ Federal Aviation Administration (FAA) is expected to grant a Category 1 rating to Vietnam soon, allowing its airlines to fly to the US and codeshare with US carriers, according to the Strait Times.
QUẢNG TRỊ GETS PM APPROVAL FOR $614 MILLION PORT PROJECT
The central province of Quảng Trị is going to build a seaport at a cost of VNĐ14 trillion (US$614 million) at local Mỹ Thủy Beach in an attempt to boost development of the province’s key economic zone.
DA NANG GREENLIGHTS $606 MILLION LOGISTICS PLAN
The central city of Da Nang has approved a master plan for the development of its logistics infrastructure by 2030 with total investment of VND13.7 trillion (US$606 million).
START-UPS EMBRACE LOGISTICS SECTOR
The logistics sector has been the bottleneck for Việt Nam’s economic development, but offers plentiful opportunities for local startup companies with the application of technologies.
FEES OF SEAPORT SERVICES TO RISE NEXT YEAR
The Ministry of Transport has released the new fees for seaport services to be applied at local seaports, with many fees edging up by between 10% and 50%. The new fees will come into effect on January 1, 2019, Sai Gon Giai Phong newspaper reported.
