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Steel giant to manufacture containers for first time in Vietnam


Steel giant to manufacture containers for first time in Vietnam
By Minh Son    March 1, 2021 | 11:32 am GMT+7
A view of Cat Lai Port, HCMC. Photo by Shutterstock/Hien Phung Thu.
Steelmaker Hoa Phat plans to manufacture 500,000 twenty-foot equivalent unit containers a year to mitigate a shortage since containers are stuck at ports after Covid-19 hit trade.
It plans to build its first container manufacturing factory in Binh Duong or Dong Nai province and near Cat Lai Port in HCMC and Cai Mep – Thi Vai International Port in Ba Ria – Vung Tau Province.
The southern region has an especially high demand for containers. Market research by Hoa Phat in fact found that three out of every four containers are used there. ....

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Larger frame of mind for logistics


Larger frame of mind for logistics
10:00 | 15/02/2021
Throughout more than three decades of economic reform, Vietnamese companies from many sectors have been venturing abroad and become role models. Yet, the logistics sector remains too focused on the domestic market. Tran Thanh Hai, deputy director of the Ministry of Industry and Trade’s Agency of Foreign Trade, emphasised that local players should follow regional examples and take their business to international arena.
Larger frame of mind for logistics
Last year, the whole world suffered the consequences of the lasting pandemic, with even Vietnam facing economic uncertainties and natural disasters in the central region, causing huge damage to livelihoods. ....

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Vietnam port container volumes up 8.5% in 2020, expansion underway


Photo: Saigon New Port
Vietnam container port volumes increased by 8.5% last year to 16.94m teu, up from 15.62m teu in 2019.
Growth was primarily driven by substantial terminals in Lach Huyen, in central Vietnam, and Cai Mep in the South province of Vung Tau, close to Ho Chi Minh City.
Volume at Lach Huyen, a public private partnership between the government of Japan and Vietnam which was inaugurated in 2018, jumped from 418,558 teu to 661,071 teu while container cargo at Cai Mep terminals grew to 4.41m teu, up from 3.74m teu the year before.
Last month, Gemalink, a joint venture between CMA CGM and Vietnamese corporation Gemadept, began operations at Cai Mep.    ....

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Logistics industry forecast to grow in 2021 on global recovery


Logistics industry forecast to grow in 2021 on global recovery
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 07/02/2021
  
06:25
GMT+7
The seaport and logistics industry was forecast to grow significantly on the prospect of global trade recovery in 2021 when the vaccine to prevent COVID-19 is administered worldwide.
Cai Mep - Thi Vai International Seaport. The seaport and logistics industry was forecast to grow significantly on the prospect of global trade recovery in 2021.  VNA/VNS Photo Ngoc Son
SSI Securities Company expects the revenue of the seaport and logistics industry would expand by 10 per cent this year. ....

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