logistics

Update news logistics

Entry of foreign fuel: a game changer?

Earlier this month Idemitsu Q8 Petroleum LLC opened its first retail outlet in Ha Noi’s Thang Long Industrial Park, marking the first time a wholly foreign-owned company has entered the fuel retail sector.

Vietnamese businesses seek higher market share in logistics market

Vietnam now has favorable conditions for logistics services to develop: an e-commerce boom, increased consumption, and shift of production from China to SE Asia.

Vinalines, Japanese NYK Line cooperate in transportation, logistics

 The Vietnam National Shipping Lines and Japan’s NYK Line will study developing transportation and logistics activities to serve plants and industrial parks in the Mekong Delta region, per a Memorandum of Understanding inked on June 5.

High transport costs weigh down businesses

VietNamNet Bridge - The total expenses for logistics services in Vietnam are estimated at 21 percent of GDP, much higher than 9-14 percent in developed countries.

Poor infrastructure obstructs logistics development

VietNamNet Bridge - Reports by Vietnamese and international institutions have all pointed out that Vietnam’s logistics industry is weak in competitiveness. 

HSBC: Tourism major contributor to Vietnam export growth

 VietNamNet Bridge – Tourism and travel are expected to contribute substantially to growth in trade in services and total export growth of Vietnam in the coming years,

Logistics services at Vietnamese seaports equal Thai standards

Though Vietnamese customs services are ranked sixth out of seven surveyed countries in South East Asia (SEA), logistics at domestic seaports have improved in the last 10 years thanks to the government’s efforts to upgrade infrastructure.

Massive logistics hubs weighed

 VietNamNet Bridge – HCMC is looking for locations to develop large-scale logistics centers that can incorporate different services and modes of transport to meet growing demand of importers and exporters.

Unofficial fees drag down Vietnam’s logistics ranking

VietNamNet Bridge - Unofficial fees are one of the reasons behind businesses’ sky-high logistics costs, which account for 25 percent of GDP.

Logistics firms fight for 3PL market share

VietNamNet Bridge - Though many Vietnamese logistics firms have become integrated 3PL (third-party logistics) service providers, they can only join the market at a primary level.

Cash-on-delivery (COD) services boom in Vietnam as e-commerce grows

VietNamNet Bridge – Online payments now account for only 5-10 percent of total trading value in e-commerce, while payments in cash-on-delivery account for 90-95 percent.

Logistics restructure investments for decisive battle

 VietNamNet Bridge – Domestic logistics firms have got ready to compete with foreign service providers in Vietnam, the market which has been fully opened since January 11, 2014.

BUSINESS IN BRIEF 9/1

 WB's reports on Vietnam logistics, waterway transport; Vietnam seeks US support for TPP negotiations; Draft US regulations hinder Vietnamese seafood exports;  Local businesses hope for brighter future in 2014

FDI drips into Mekong Delta

 VietNamNet Bridge - The Mekong Delta has seaports and international airports, but due to its poor transport infrastructure and low labor skills, foreign investors do not want to pour capital into the region.

Vietnam’s aviation industry dreams of flying high

VietNamNet Bridge – The demand for air cargo transportation has bounced back in the world. Vietnam is one of the three fastest growing markets in the world.

Vietnamese trains follow one rail all the time

In Vietnam, productivity growth in the rail transport sector is the lowest among the transport modes.