VOV.VN - Several major financiers from the EU have proposed pouring approximately US$1 billion into a logistics centre project in Phu My of the southern province of Ba Ria - Vung Tau, according to information released by local authorities.

Vietnam’s port sector will flourish this year as trade in goods is expected to thrive on the back of recovery in production, domestic consumption, and export markets, according to industry analysts.

The Import and Export Sub-Department, has received complaints from businesses and business groups about a shortage of containers that has led to an unprecedented increase in shipping tariffs, its deputy director Tran Thanh Hai has said.

Vietnam’s garment-textile export turnover is projected at US$38-39 billion in 2021, Le Tien Truong, Chairman of the Vietnam National Textile and Garment Group (Vinatex) said on December 29.

Cold storage might soon become a rising star in the logistic sectors, property market researcher Jones Lang LaSalle (JLL) Vietnam has said.

The online Vietnam – South America logistics trade forum has been held to help the two countries' firms expand business cooperation opportunities in the field.

Optimising quality of logistics services is a requisite measures to boost Vietnam-EU trade amidst the COVID-19 pandemic, experts said at the online business matching forum held on December 9.

Vietnam was ranked fifth in terms of global trade connectedness last year, up five places from the previous ranking in 2017, according to a report jointly released by the US’s New York University Stern School of Business and logistics giant DHL.

The Vietnam Digital Transformation Day (DX Day Vietnam) 2020 is scheduled to take place in Hanoi on December 14-15 with the direct participation of more than 2,500 delegates and over 10,000 others online.

Freight and logistics stocks have seen major gains since the beginning of 2020 even as the COVID-19 pandemic has wreaked havoc on the economy.