Central Vietnam province seeks investments in logistics and environment

Central Vietnam province seeks investments in logistics and environment

The central province of Quang Ngai is looking for investment in 33 projects between 2024 and 2025, with a focus on transportation, the environment, and healthcare.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam logistics businesses can develop niche strengths: VietAviation CEO

Vietnam logistics businesses can develop niche strengths: VietAviation CEO

Although FDI enterprises account for a large slice of Vietnam’s “logistics cake,” domestic companies are holding their own in the currently volatile economic situation. There are niche activities that give domestic firms their strength, said Duong Quang Duy, CEO of VietAviation Logistics Co., Ltd.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese courier, Singapore realty firm ink sorting center pact

Vietnamese courier, Singapore realty firm ink sorting center pact

Frasers Property Vietnam, subsidiary of Singapore-headquartered Frasers Property, and SPX, a Vietnamese logistics services provider, have agreed to cooperate on setting up an automatic sorting center in Binh Duong province.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Singapore trust Mapletree Logistics to spend $51 mln on buying 2 Vietnam properties

Singapore trust Mapletree Logistics to spend $51 mln on buying 2 Vietnam properties

Mapletree Logistics Trust, a Singapore-based logistics real estate investment trust, is set to spend SGD68.4 million ($50.9 million) on the acquisitions of two logistics properties in Vietnam.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese logistics firms modernize, innovate to improve services

Vietnamese logistics firms modernize, innovate to improve services

Vietnam International Container Terminal (VICT) and Long An International Port say they have used modernization and innovation to provide better services and retain customers in a demanding market.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

France’s Idec Group Asia begins building $51.3-mln warehouse in Vietnam

France’s Idec Group Asia begins building $51.3-mln warehouse in Vietnam

Idec Group Asia Vietnam, a subsidiary of France’s Asia-focused industrial real estate developer Idec Group Asia, kicked off the construction of a $51.3 million logistics and industrial warehouse in Bac Ninh province on Wednesday.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

TM Holding ups stakes in Hai Phong warehousing, goods storage firms

TM Holding ups stakes in Hai Phong warehousing, goods storage firms

TM Holding Fund Company Ltd., run by entrepreneur Tran Tien Dung, has been paying special attention to warehousing and goods storage businesses in the northern port city of Hai Phong.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

High-speed rail connection to elevate Vietnam's economy

High-speed rail connection to elevate Vietnam's economy

Vietnam is standing on the brink of a transformative breakthrough - the inception of a high-speed train network that bridges the economic divide between the northern and southern regions, writes Dr. Majo George, senior lecturer of logistics and supply chain management at the Business School of RMIT University Vietnam.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japan’s Nihon Toyo to invest $220 mln in northern Vietnam

Japan’s Nihon Toyo to invest $220 mln in northern Vietnam

Nihon Toyo, a subsidiary of Japanese giant Toyo Group, will make multi-sector investments worth $220 million in Bac Ninh province, an industrial hub in northern Vietnam.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam sees continued robust investment in logistics

Vietnam sees continued robust investment in logistics

Vietnam's logistics market is looking vibrant, with big firms such as FM Logistic and Transimex JSC opening new facilities in September.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Steelmaker Hoa Phat welcomes first container ship to new port

Steelmaker Hoa Phat welcomes first container ship to new port

The Hoa Phat Dung Quat general container port, invested by Vietnam’s biggest steelmaker Hoa Phat Group, welcomed its first container ship on Sunday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

US logistics firm looks to expand Asia-Pacific footprint through Vietnam

US logistics firm looks to expand Asia-Pacific footprint through Vietnam

Michigan-headquartered Lineage Logistics, an international warehousing and logistics company, said Saturday it has partially closed a joint venture arrangement with Hanoi-based cold storage warehouse operator SK Logistics.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Danish A.P. Moller-Maersk to build logistics center in southern Vietnam

Danish A.P. Moller-Maersk to build logistics center in southern Vietnam

Denmark’s integrated container logistics firm A.P. Moller-Maersk will build a major logistics center in Binh Duong province.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Long An leverages HCMC proximity to boost logistics credentials

Long An leverages HCMC proximity to boost logistics credentials

Long An’s efforts to leverage its position as a bridge between Ho Chi Minh City and the Mekong Delta have seen it emerge as a new logistics hub.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

$2.1 bln Mekong Delta seaport calls for private investment

$2.1 bln Mekong Delta seaport calls for private investment

The first-phase development of Tran De Seaport in the Mekong Delta province of Soc Trang will cost around VND50 trillion ($2.1 billion), to be sourced from private investors, according to Vietnam’s newly-approved port master plan.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Expanding foreign e-commerce firms outperform Vietnamese rivals

Expanding foreign e-commerce firms outperform Vietnamese rivals

Foreign-invested firms in the Vietnamese e-commerce sector have taken control of the market, placing heavy pressure on their homegrown competitors.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japan’s Sojitz enlarges cold chain logistics business in Vietnam

Japan’s Sojitz enlarges cold chain logistics business in Vietnam

Sojitz Corporation will build a new logistics warehouse to expand its four-temperature cold chain business in Vietnam this month, the Japanese multi-sector business announced on Tuesday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Nippon Express ramps up expansion in Vietnam

Nippon Express ramps up expansion in Vietnam

Nippon Express (Vietnam) Co. will continue to expand its services to meet the diversifying logistics needs of customers in the rapidly growing Vietnamese market, its parent company Nippon Express Holdings said.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hong Kong invested EV Cargo enters Vietnam

Hong Kong invested EV Cargo enters Vietnam

EV Cargo, an international freight forwarding and supply chain service company, has begun its Vietnam operations with an office in Ho Chi Minh City.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hai Phong lists 137 mega projects for foreign investment in industrialization spree

Hai Phong lists 137 mega projects for foreign investment in industrialization spree

In a massive industrialization push, the People's Committee of Hai Phong city has approved a list of 137 projects calling for foreign investment in the 2023-2025 period.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam industrial, logistics real estate flashing on investors’ radars

Vietnam industrial, logistics real estate flashing on investors’ radars

Industrial and logistics properties in Vietnam are the preferred asset choice for foreign investors, with the country growing into a new global manufacturing hub, while the office segment is also in demand, said Cushman & Wakefield’s Asia Pacific CEO Matthew Bouw.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's booming logistics sector still has room for growth

Vietnam's booming logistics sector still has room for growth

VinaCapital’s chief economist Michael Kokalari explains why investors should pay close attention to various opportunities in Vietnam’s logistics industry.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Logistics heavyweight Gemadept plans further port expansions

Logistics heavyweight Gemadept plans further port expansions

Gemadept, a leading port operator and logistics firm in Vietnam, will continue to expand two of its major ports in the country this year.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam seeks to cut logistics costs to drive sector's development

Vietnam seeks to cut logistics costs to drive sector's development

Vietnam needs to reduce its high logistics costs to improve the new global production hub’s competitiveness, Minister of Transport Nguyen Van Thang has said.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's delivery market value to hit $4.9 bln by 2030: global research firm

Vietnam's delivery market value to hit $4.9 bln by 2030: global research firm

Vietnam’s courier, express and parcel services market could exceed $4.9 billion in value by 2030, registering an annual growth rate of up to 23.8%, according to Research and Markets.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Logistics sector insider calls for joint efforts to cut high costs

Logistics sector insider calls for joint efforts to cut high costs

Logistics enterprises in Vietnam should join hands to lower high logistics costs and improve the industry’s competitiveness, CEO Cap Trong Cuong of Vietnam Container Shipping JSC said on Tuesday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese, Danish investment funds launch logistics infrastructure platform

Vietnamese, Danish investment funds launch logistics infrastructure platform

Denmark's A.P. Moller Capital and Vietnam's VinaCapital, two major investment funds, have established a joint platform to increase investments in transportation and logistics infrastructure in Vietnam.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Experts call for full steam ahead on HCMC transshipment port project

Experts call for full steam ahead on HCMC transshipment port project

Ho Chi Minh City, Vietnam’s southern economic hub, should push ahead with its planned $5.5 billion Can Gio transshipment port to drive regional growth, heard a workshop on Friday.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam, Cambodia have shortest port turnaround time in ASEAN: World Bank

Vietnam, Cambodia have shortest port turnaround time in ASEAN: World Bank

Container shipping in Vietnam and its neighbor Cambodia had the lowest turnaround time at ports in ASEAN in June 2022 as both secured an average of 0.9 days, the World Bank says.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Port operator Saigon Newport eyes logistics project in Quang Ninh province

Port operator Saigon Newport eyes logistics project in Quang Ninh province

Saigon Newport Corporation, a leading port operator in Vietnam, is looking to invest in a logistics and port project in Mong Cai town, northern Vietnam's coastal province of Quang Ninh.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central Vietnam province to build $10 mln dry port

Central Vietnam province to build $10 mln dry port

The Hanoi-based VSICO Maritime Joint Stock Company has received in-principle approval to build a VND236.6 billion ($10 million) inland container depot in Quang Tri province, central Vietnam.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam logistics sector continues to charm investors

Vietnam logistics sector continues to charm investors

Investment in Vietnam’s logistics sector is on the rise as investors seek to make further inroads into the market of 100 million people with a fast-growing middle class, and cash in on the country's status as an emerging global production hub.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

GAC inaugurates Vietnam office to tap ‘emerging energy tiger’

GAC inaugurates Vietnam office to tap ‘emerging energy tiger’

Global shipping and logistics provider GAC Group has launched its first office in Vietnam as part of the company’s continued expansion in Southeast Asia and the Asia-Pacific region.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Over $2 bln to bolster Vietnam, Southeast Asia logistics

Over $2 bln to bolster Vietnam, Southeast Asia logistics

The logistics sectors in Vietnam and Southeast Asia are set to receive a significant boost following a new partnership between the World Bank’s private-sector arm IFC and two regional leading companies, with more than $2 billion to be invested over the next five years.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam shipping firms report mixed 2022 profit results

Vietnam shipping firms report mixed 2022 profit results

Hai An, PVTrans, Vipco and Gemadept all reported record high profits in 2022, but Vinalines and Vosco posted a drop due to decreased ocean freight.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7