Logistics services

Can Tho (VNA) - The Mekong Delta city of Can Tho will be calling for investment in local logistic services, tourism, hi-tech agriculture and IT projects at its investment promotion conference slated for August 8-10. The information was released by Truong Quang Hoai Nam, Vice Chairman of the municipal People’s Committee at a meeting to review preparations for the conference on March 20. Nam underlined the significance of the event, saying that it aims to introduce the city’s socio-economic achievements and potential, as well as policies on investment attraction to domestic and international partners. The conference will be chaired by the Prime Minister, the Minister of Planning and Investment, the Secretary of the municipal Party Committee, and the Chairman of the municipal People’s Committee. It is expected to welcome 500 delegates, including 100 foreigners. A ceremony will be held in the framework of the conference to present investment scheme and investment … [Read more...] about Can Tho conference to promote investment in logistics, tourism, IT

Many sectors and companies faced challenges resulting from real or perceived potential world economic downturn in 2019. What we did see in the logistics industry and specific to this market, was a cooling off of transportation volumes in terms of volume growth compared to the last 2-3 years. Equally, we saw a more balanced equilibrium in terms of supply and demand in logistics resulting in a further downturn in overall rate levels and costs to shippers and importers globally. Domestically, Vietnam enjoyed greater than average GDP growth globally, closing 2019 with an estimated +7.02%. Ultimately, these challenges resulted in price pressure and greater competition in terms of market share. … [Read more...] about Our vision is to be ‘National Champion’ in the logistics industry in Vietnam

Many sectors and companies faced challenges resulting from real or perceived potential world economic downturn in 2019. What we saw in the logistics industry that is specific to this market was cooling off of transportation volumes in terms of volume growth compared to the last 2-3 years. Equally, we saw a more balanced equilibrium in terms of supply and demand in logistics, resulting in a further downturn in the overall rate levels and costs to shippers and importers globally. Domestically, Vietnam enjoyed greater than average GDP growth globally, closing 2019 with an estimated 7.02 per cent growth. Ultimately, these challenges resulted in price pressure and greater competition in terms of market share. … [Read more...] about ITL Corporation: being the national champion in logistics

Hanoi (VNS/VNA) - The logistics sector is forecast to continue growing strongly this year, with expansion in both retail and e-commerce channels. The Vietnam E-commerce and Digital Economy Agency (IDEA) forecasts that the Vietnamese e-commerce market will reach 10 billion USD this year. The agency also estimated that delivery services would record a revenue growth of 30-40 percent, with the market growing 20 percent and large companies taking a bigger share. In a Google-Temasek report on e-commerce in ASEAN countries, the Vietnamese e-commerce market is estimated to increase from 4.6 billion USD last year to 23 billion USD by 2025. The strong growth of e-commerce is beneficial for other supporting industries, such as logistics and e-payment services. However, the competition in the delivery industry is high as new competitors entered the market in the 2018-19 period, such as Grab Express. The European Union − Vietnam Free Trade Agreement (EVFTA) is expected to take effect … [Read more...] about Delivery services to grow 30-40 percent in 2020

A recent report by the  US News and World Report ranked Vietnam eighth out of the 29 economies, up from 23 last year. Meanwhile, some neighbouring nations – Malaysia, Singapore and Indonesia – stood in the 13th, 14th and 18th positions, respectively.  … [Read more...] about Vietnam among top destinations for investment