The northern port city of Hai Phong is potentially becoming a key logistics centre domestically and internationally with improved infrastructure system
Hanoi, (VNA)𓆏 - The northern port city of Hai Phong is potentially becoming a key logistics centre domestically and internationally with improved infrastructure system, according to Commercial Real Estate Services (CBRE).
The city is home to one of the country’s two busiest seaports, which contributed 98 percent of the total throughput in the north.
In the meantime, Hai Phong port’s throughput is, however, equivalent to 50 percent of the port in Ho Chi Minh City, which is known as the country’s business hub, a far cry from its full capacity due to the lack of a comprehensive infrastructure system.
In 2014, the city ranked only 34th among Vietnam’s 63 cities and provinces in terms of the Provincial Competitiveness Index (PCI). Infrastructure was among the issues needed to be addressed, the others being transparency and labor quality.
Recognising its weaknesses, efforts have been constantly made by the municipal authorities to improve local transport infrastructure and traffic connections with other cities and provinces, especially those owning national logistics hubs such as Hanoi and Quang Ninh province, to capitalise on its position as a northern gate to the vast seas.
Vietnam’s GDP growing from 66 billion USD in 2006 to 186 billion USD in 2014, or an annual average growth of 13 percent, has spurred the development of logistics infrastructure and the establishment of major logistics hubs supporting its international trade.
Experts predicted that the country’s fledging logistics system will grow strongly as annual growths have been recorded in the seaports in Hai Phong and Ho Chi Minh City over recent time.-VNA
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
Unloading goods in Hai Phong port (Source: VNA)
