Record-high sea freight rates have seen shipping companies produce positive second-quarter earnings reports.

The Vietnam Chamber of Commerce and Industry (VCCI) has proposed an inter-ministerial working group be founded to tackle the container shortages and stabilise logistics fees which have skyrocketed recently.

The COVID-19 health crisis and resulting wide-ranging and deeply-felt economic upheaval has flipped the logistics industry on its head, leaving ill-protected freight firms in dire need of emergency State support to survive hardships.

The General Department of Vietnam Customs has issued Decision No.1189/QD-TCHQ to grant an operational license for the customs clearance site for post and courier items of Hateco Group. The site is located in Long Bien Inland Clearance Depot in Hanoi.

Vietnam’s rise of three ranking positions to 8th overall is the fastest rise in the top half of the Index and displaces regional partner Thailand in the top 10.

Vietnam’s port sector will flourish this year as trade in goods is expected to thrive on the back of recovery in production, domestic consumption, and export markets, according to industry analysts.

As the number of online orders is up to several million on special days, sellers are rushing to build storehouses.

Ho Chi Minh City has approved a $4.1 billion project to develop its logistics sector over the next 10 years. 

Since launching doi moi  over three decades ago, Vietnam has positioned itself as one of the top exporters for many goods, with logistics playing a vital role in the process.

In the next 10 years, VND95.8 trillion will be needed for the development of the logistics sector in HCMC to fulfill the target of contributing 12% to the gross regional domestic product (GRDP) in 2030,

There is a serious shortage of empty containers for exports from Viet Nam, Phan Minh Thong, general director of agriculture products exporter Phuc Sinh Joint Stock Company, said.

Vietnam must reduce logistic costs to strengthen competitive capacity as the country pushes for greater international economic integration, heard participants at the Vietnam Logistics Forum 2020 in Hanoi on Thursday. 

Smarter logistics are key for Vietnam to advance in the global value chain amid the fourth industrial revolution and the COVID-19 pandemic, experts told the Vietnam Business Summit 2020 held in Hanoi recently.

Flexible warehousing models that can help businesses optimise their storage are required amid the development of e-commerce, experts have suggested.

New-generation free trade agreements are increasing the importance of domestic logistics groups, with Vietnam emerging as a safe yet high-return market for overseas parties pouring money into new developments.

International shipping lines are expected to face an increase of 12 per cent in domestic container handling service charges at Vietnamese seaports from early 2022, triggering concerns over a possible charge burden on local shippers.

The State should develop solutions to reduce high logistics costs in trading agricultural products to improve the competitiveness of Vietnamese farm produce on the market, according to experts.

Vietnamese logistics firms’ ability to access the EU market will not be easy because rivals in the EU are strong anf clients there require high-quality services.

Despite some improvements, seaport joint ventures between foreign partners and state-owned shipping giant Vietnam Maritime Corporation continued to incur losses in the first quarter of this year, 

Pham Khánh Linh, 27, the founder of Logivan, has been named on Forbes Vietnam's list of 30 Under 30.