- © Copyright of Vietnamnet Global.
- Tel: 024 3772 7988 Fax: (024) 37722734
- Email: [email protected]
Update news port authorities
Logistics fees in Vietnam account for 20.9 percent of the country’s GDP, of which transport costs account for 60 percent, twice as much as developed economies such as Japan (11 percent) and EU countries (10 percent), according to the World Bank.
VietNamNet Bridge - Japanese enterprises have been step by step closing their factories in the south of China and moving to Vietnam.
Poor logistics and transport infrastructure and customs hassles are the major reasons for Viet Nam's inability to attract Japanese investment, a Japanese trade expert told a conference on investment promotion and logistics in Da Nang late last week.
Trillions of dong have been poured into the ports in HCM City. However, the ports still cannot operate in full swing because there are no roads linking to the ports.
All the three ports SP-PSA, TCCT and SITV have reported the sharp falls in the yield which is much lower than the designed capacity.