VOV.VN - Vietnam's logistics infrastructure posted positive changes throughout 2019 while several major road and railway upgrade projects were put into service.
Grab Holdings Inc. announced that it will invest $500 million into Vietnam over a period of five years to tap into opportunities in fintech, new mobility solutions, and logistics in order to spur the development of the country’s digital economy and create millions of income-opportunities that will elevate the quality of life for all Vietnamese.
Consistent with its sustainable development journey, the central city of Danang is committed to promoting and attracting investment on a selective basis while constantly improving its efficiency, avoiding the wooing of funding at all costs.
Vietnamese logistics firms are embracing technology to optimise their costs and improve their competitiveness, according to experts.
VOV.VN - Vietnam needs to untangle bottlenecks facing the logistics sector in order to boost the sectoral development on a par with that of developed countries, insiders have suggested.
The southern province of Ba Ria-Vung Tau has set a goal to develop logistics into a major service sector with a focus on seaport development.
A lack of investment in inland waterways has stunted the development of water-borne shipping and made Vietnam’s logistics sector heavily dependent on more expensive road transport.
Reducing costs is one of the essential conditions for the development and improvement of the domestic logistics sector’s competitiveness.
Foreign investors will be given the go-ahead to set up logistics companies in Vietnam, but with conditions on ownership and services, according to Government Decree 163 on logistics services which will come into force on February 20.
Vietnam’s logistics sector aims to contribute 8%-10% to gross domestic product (GDP) by 2025, heard a conference hosted by the Ministry of Industry and Trade (MoIT) in Hanoi on March 6.
Vietnam has emerged as a powerful manufacturing powerhouse in Asia but “weak logistics activities have limited its trade competitiveness”, the deputy minister of industry and trade said at a logistics forum held on November 24 in Ho Chi Minh City.
The Vietnam Logistics Business Association (VLBA) and the Vietnam Logistics Institute (VLI) launched the Vietnam Logistics Index in Ho Chi Minh City on March 18.