VIETNAM-JAPAN JOINT VENTURE BUILDS LOGISTICS CENTRE IN BA RIA - VUNG TAU
Vina-Japan Shirogane Logistics Company Ltd on Thursday broke ground for a US$5.4 million logistics centre at the Phu My 3 Specialised Industrial Park in the southern province of Ba Ria–Vung Tau.
FOREIGN INVESTORS KEEN ON VINALINES’ EQUITIZATION
Many foreign enterprises have expressed interest in becoming strategic investors in Vietnam National Shipping Lines (Vinalines) following the Prime Minister’s approval of the firm’s equitization plan.
VIETNAMESE LOGISTICS INDUSTRY SHORT OF PERSONNEL
Despite its huge potential and forecasted annual growth rate of 12 per cent, as well as import-export turnover reaching $623 billion by 2020, the Vietnamese logistics industry is facing difficulties in enlisting personnel, especially skilled employees.
NEW DEVELOPMENTS IN MANAGEMENT OF IMPORT-EXPORT ACTIVITIES
A draft decree detailing a number of articles of the Foreign Trade Management Law is currently being submitted to the Government of Vietnam, to replace Decree 187/2013/ND-CP. The draft decree will be applied in early 2019 with many new features that will directly affect the import and export of goods.
TOP REVENUES NOT EASING JV PORT WOES
While recording high revenue growth in the first quarter of 2018, seaport joint ventures between Vietnam’s state-owned shipping giant Vinalines and its foreign partners are facing tremendous hitches as they try to keep their progress sustainable.
NEW DECREE EXPECTED TO HALT TEMPORARY IMPORT VIOLATIONS
Goods temporarily imported for re-export can be kept in Việt Nam for no more than 60 days from the date of completion of customs formalities, according to a new Governmental decree.
AUTOMATED CUSTOMS MANAGEMENT SYSTEM TO GO NATIONWIDE
In 2018, the customs sector will deploy the automatic customs management system across the country, especially at important import-export hubs like seaports, international airports and inland ports.
NAM ĐÌNH VŨ DEEP-WATER PORT BEGINS OPERATIONS
Singapore’s Gemadept and Sao Đỏ Group put Nam Đình Vũ Port’s first stage into operation in Nam Đình Vũ Industrial Park on May 7. The port is located in the northern city of Hải Phòng.
