Malaysia's largest port to double capacity

Malaysia's largest port to double capacity

Malaysia's largest port plans to double its capacity over the coming decades, aiming to chase neighbouring hub Singapore as the shift in global supply chains adds to the competition in Southeast Asia's logistics sector.

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

Denmark’s Maersk, Vietnam’s Hateco to collaborate on green logistics, port automation

Denmark’s Maersk, Vietnam’s Hateco to collaborate on green logistics, port automation

Danish shipping giant Maersk and Vietnamese group Hateco have agreed to strengthen cooperation in terminal development in the northern city of Hai Phong, particularly in green logistics and port automation.

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

World’s No.1 shipping line MSC keen on investing in new Can Tho city port

World’s No.1 shipping line MSC keen on investing in new Can Tho city port

Switzerland-headquartered Mediterranean Shipping Company (MSC), the world’s largest shipping line, is interested in investing in a new large-scale transshipment port in the Mekong Delta city of Can Tho.

Infrastructure - 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

High expectations for seaport development in Mekong Delta

High expectations for seaport development in Mekong Delta

The Mekong Delta boasts huge potential to develop logistics services thanks to strong economic development in recent years, with large volumes of seafood, rice, fruits, textiles and garments shipped to regions across the country and foreign markets.

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

Container shipping firm Viconship raises funds for port acquisition, hotel construction

Container shipping firm Viconship raises funds for port acquisition, hotel construction

The Vietnam Container Shipping Joint Stock Corporation (Viconship) is mobilizing capital from a share issuance to finance the acquisition of Nam Hai Dinh Vu Port and build the Hyatt Place Hai Phong Hotel in the northern city of Hai Phong.

Companies - 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

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

PM backs planned major transshipment port in HCMC

PM backs planned major transshipment port in HCMC

Vietnamese Prime Minister Pham Minh Chinh said on Tuesday that the government will work with the southeastern region, including Ho Chi Minh City, to boost social-economic development and build a mammoth transshipment port project in the city.

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

Two new Hai Phong container terminals to become operational in 2025

Two new Hai Phong container terminals to become operational in 2025

Work is being speeded up on container terminals No. 3 and No. 4 of the Hai Phong international gateway port in order to make them operational in 2025.

Infrastructure - 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

Experts, officials call for joint efforts to bolster Vietnam’s green exports

Experts, officials call for joint efforts to bolster Vietnam’s green exports

Vietnam’s export-driven economy needs better collaboration among sources of green exports and supply chains in provinces and localities to enhance growth, heard a trade promotion forum on Thursday.

Economy - 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

Long Son iron project stirs up public concern

Long Son iron project stirs up public concern

Information about the "great project" of Long Son Iron and Steel Complex and its specialized port has caused public concern in the central province of Binh Dinh about the risk of environmental pollution and damage to natural landscapes and relics.

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

Long An international port to start handling containers in Q2

Long An international port to start handling containers in Q2

Vietnam’s Dong Tam Group expects Long An international port near Ho Chi Minh City to start container loading and unloading in the second quarter of this year, a move expected to ease container congestion in HCMC.

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

HCMC to build first logistics center in 2023

HCMC to build first logistics center in 2023

Ho Chi Minh City, Vietnam’s southern economic hub, will construct its first logistics center among the planned seven next year, the city's department of industry and trade director Bui Ta Hoang Vu said Thursday.

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

Logistics firm Toll Group to gather pace in Vietnam, India, Indonesia with big bucks

Logistics firm Toll Group to gather pace in Vietnam, India, Indonesia with big bucks

Singaporean supply chain and logistics firm Toll Group plans to spend over $600 million over the next three years to expand its Asian business, keeping a keen eye on Vietnam, India and Indonesia, said its CEO Alan Beacham.

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

Cai Mep Terminal receives first Evergreen mothership

Cai Mep Terminal receives first Evergreen mothership

The Cai Mep International Terminal (CMIT) in the southern province of Ba Ria-Vung Tau welcomed Wednesday the 150,709 DWT Tampa-Triumph, an Evergreen mothership.

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

Planned Can Gio transshipment port to drive HCMC region’s growth: city mayor

Planned Can Gio transshipment port to drive HCMC region’s growth: city mayor

Ho Chi Minh City’s $5.9 billion Can Gio transshipment port project is expected to fuel the development of southeastern Vietnam, not hindering the region’s operating port system, says city chairman Phan Van Mai.

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

Vietnam developer gets initial approval for logistics industrial cluster on central coast

Vietnam developer gets initial approval for logistics industrial cluster on central coast

The Western Pacific Group got an in-principle nod Saturday to build a 305-hectare logistics industrial cluster in Thua Thien-Hue province.

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

Ministry to developer: show evidence new port a worthwhile investment

Ministry to developer: show evidence new port a worthwhile investment

The Ministry of Transport has asked the Hanoi-based Pacific Corporation to show how its proposal to build the Son My Port in Binh Thuan province is a worthwhile investment.

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

HCMC eyes gigantic economic zone straddling four districts

HCMC eyes gigantic economic zone straddling four districts

Ho Chi Minh City authorities plan to set up a giant economic zone that covers 26,000 hectares of land in four districts, including industrial real estate, services and urban areas.

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

Formosa Ha Tinh urged to adopt steel deep processing technology

Formosa Ha Tinh urged to adopt steel deep processing technology

Steel deep processing can help meet domestic demand better and satisfy high export requirements, National Assembly Chairman Vuong Dinh Hue told Formosa Ha Tinh Steel Corporation (FHS) Wednesday.

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

Hai Phong okays $152 mln in investment capital from S Korean firms

Hai Phong okays $152 mln in investment capital from S Korean firms

Four South Korean-invested projects have received certificates to invest $151.5 million in Hai Phong city, Vietnam’s northern business hub.

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

Southern logistics project to raise Vietnam status in global supply chain

Southern logistics project to raise Vietnam status in global supply chain

Ba Ria-Vung Tau, a coastal business hub in southern Vietnam, is speeding up groundwork for a major logistics center as the nation is emerging as a new global production base.

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

Saigon Port JSC reports 16% decline in Q2 profit

Saigon Port JSC reports 16% decline in Q2 profit

Saigon Port JSC, a major port operator in Vietnam, reported an after-tax profit of VND116.8 billion ($5 million) in the second quarter of 2022, down 16% year-on-year.

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

Quang Tri seeks designated seaport to drive major developments

Quang Tri seeks designated seaport to drive major developments

Authorities in Quang Tri province have proposed adding the specialized Trieu Lang seaport to Vietnam's 2021-2030 port system plan, with a vision to 2050, to facilitate two major projects.

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

Oil & gas transporters’ profits to speed up, container shippers’ to dip

Oil & gas transporters’ profits to speed up, container shippers’ to dip

Oil and gas transportation companies are expected to enjoy significant second-half profit growth extending to next year, while container shipping firms see slower growth.

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

Logistics heavyweight Gemadept's Q2 profit grows 87%

Logistics heavyweight Gemadept's Q2 profit grows 87%

Gemadept, Vietnam's leading port and logistics company, reported an after-tax profit of VND334 billion ($14.3 million) in the second quarter of 2022, up 87% year-on-year, thanks to its joint ventures and affiliates' strong growth.

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

New port planned for Binh Thuan

New port planned for Binh Thuan

A new general port that can receive ships of up to 150,000 DWT will be built in the south-central province of Binh Thuan to serve the Son My Industrial Park, LNG warehouse, and Son My electricity center.

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

HCMC halves port infrastructure fees for waterway transport

HCMC halves port infrastructure fees for waterway transport

Ho Chi Minh City authorities have agreed to lower seaport infrastructure fees by half for commodities delivered via waterways by businesses from other localities, starting August 1.

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

Work begins on new petrol port in Mekong Delta province

Work begins on new petrol port in Mekong Delta province

The NSH Petro JSC is building a VND350 billion ($15 million) petroleum storage and port project in the Mekong Delta province of Tra Vinh.

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

HCMC proposes $6 bln mega port in Can Gio district

HCMC proposes $6 bln mega port in Can Gio district

Ho Chi Minh City is proposing to build a $6 billion international container port in the coastal district of Can Gio, which would have a capacity three times higher than the city's Cat Lai Port, now the country's largest.

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