South korean and north korean

Creating favourable conditions for logistics development After two years of implementing the Prime Minister’s Decision 200/QĐ-TTg on the action plan for improving the competitiveness and development of Vietnam’s logistics by 2025 the logistics industry in general and the capacity of logistics enterprises have made significant progress. According to the Vietnam Association of Logistics Service Enterprises (VLA), along with the GDP growth rate, industrial production value, export and import turnover or value of retail sales and consumer services, Vietnams’ logistics service has reached a relatively high growth rate over recent time, rising from 12% to 14%. In addition, logistics infrastructure has also been improved over the past two years. The number of logistics centres, distribution centres, dry ports and bonded warehouses are increasing and they are also being upgraded technically. Many logistics centres have applied information technology in goods … [Read more...] about BUSINESS NEWS IN BRIEF 30/3

Hanoi 3rd in JLL's City Momentum Index The Asia-Pacific is home to 19 of the top 20 cities on the sixth City Momentum Index published by JLL, highlighting the continuing shift of fast urban growth from the West to the East. Overall, Indian and Chinese cities dominate the rankings, accounting for three quarters of the top 20. Leading the pack are Bengaluru and Hyderabad in India, with Hanoi third. “Asia continues to show strong momentum, with cities that are successfully expanding their innovation economy punching above their weight in terms of attracting capital, companies, and people,” said Mr. Jeremy Kelly, Director of Global Research at JLL. “It’s clear that the tech sector is a key driver of both real estate and economic momentum - driven by large technology firms as well as dynamic startups in cities like Bengaluru, Hyderabad, Ho Chi Minh City and Shenzhen.” Although the global economic cycle is in its late stages, there are still many cities in the … [Read more...] about BUSINESS NEWS IN BRIEF 19/1

Experts want to reduce number of export inspections Experts have suggested changing the number of and the time spent for inspections of export activities, including customs clearance, to help reduce costs for enterprises. Speaking at a seminar held in Ho Chi Minh on December 20, Tran Ngoc Liem, deputy director of the Vietnam Chamber of Commerce and Industry (VCCI) HCM City, said that overlapping inspection procedures were causing problems for enterprises.  The General Department of Vietnam Customs said that procedures accounted for up to 50 percent of customs clearance time.  Many shipments have been inspected, but still have not been cleared, it said. Even after three months, State agencies are still conducting inspection checks. Phan Duc Hieu, deputy head of the Central Institute for Economic Management (CIEM), said the proportion of imports and exports subject to specialised inspections at customs clearance was up to 30-35 percent and would be reduced to 15 percent under a … [Read more...] about BUSINESS NEWS IN BRIEF 22/12