SuperPort Vietnam is set to become a multimodal logistics hub, linking China and Southeast Asia's freight networks with global markets.
Pham Nguyen Confectionery, Nhat Tin Logistics, OnPoint, and Lotus Group have been recognized by Deloitte Vietnam as the best managed companies.
Following the success of Core5 Industrial Partners in the United States, Core5 brand is expanding into Vietnam, one of Asia’s fastest growing manufacturing and logistics hub.
Helping ease logistics constraints, continued testing and vaccination and encouraging labor mobility should be priorities, according to World Bank’s recommendations.
The funding will help ITL transform and grow by acquiring new assets, developing new warehouses and facilities, and deploying advanced information technology systems.
The amount will be spent over the next five years to help the multi-service super app tap opportunities in fintech, mobility solutions and logistics in Vietnam.
The technology holding company of VinaCapital has announced that it has made an investment in logistics software startup An Vui, targeting at making Vietnam’s ground passenger transport system more efficient.
The cold chain industry is forecast to value at $169 million in 2019, fueled by the development of processing industry and modern trade retails, according to FiinGroup.
London-listed Symphony International Holdings Limited (Symphony) has acquired a significant minority stake in Vietnam-based Indo Trans Logistics Corporation (ITL).
Growing foreign direct investment and a move up the value chain mean Vietnam’s industrial real estate sector has an optimistic future, according to Savills Vietnam.
With improving market fundamentals, Vietnam stands a good chance of winning logistics market share as its regional peers shift towards more mature industrial development, according to Jones Lang Lasalle.
While Vietnam has made great progress in reducing tariffs, there remains significant potential to reduce trade costs through rationalization of non-tariff measures or specialized controls, more efficient border management and logistics.
Weak synchronization and cost burden, are the biggest barriers for the logistics industry, potentially derailing the sustainable growth of Vietnam's economy.
In 2018, it is the first time that the Government attaches such great importance to logistics, which is both an opportunity but also a tough challenge, according to Le Duy Hiep, Chairman of Vietnam Logistics Association (VLA).
