Freight forwarding in Vietnam plays a critical role in facilitating international trade and logistics in Vietnam, serving as a key connector between manufacturers, exporters, and global markets–with its strategic location in Southeast Asia and a rapidly expanding infrastructure network, Vietnam has become an important hub for freight forwarding services. Furthermore,

Last-Mile Delivery in Vietnam in 2024

the-shiv September 21, 2024

The last-mile delivery sector in Vietnam is undergoing rapid transformation driven by the e-commerce boom and evolving consumer expectations. Despite challenges such as infrastructure limitations, high costs, and logistical complexities in rural areas, the industry is poised for growth through technological innovation and strategic partnerships. Emerging trends like AI-driven optimization, micro-fulfillment centres, and alternative delivery methods are shaping the future of last-mile delivery in the country.

Indonesian ride-hailing app GoJek to withdraw from Vietnam market

the-shiv September 5, 2024

Of note, it is not the first ride-hailing app to withdraw from the country. South Korea’s Baemin announced it would cease operations in the country back at the end of last year and Uber left Vietnam back in 2018 after selling its Southeast Asian operations to Grab…

New Dong Nai seaport in Southern Vietnam set to be operational next month

the-shiv August 25, 2024

The first phase of Phuoc An seaport, the largest seaport in Dong Nai Province, is scheduled to start operating in September 2024, according to Dantri. The project has cost an estimated US$833.33 million and has taken almost 15 years to complete. Approved for construction in 2009, the project was almost

Vietnam Stock Reviews: Hai An Transport & Stevedoring

Huong Nguyen August 13, 2024

In the second quarter of 2024, Hai An recorded an increase in revenue and profit compared to the same period last year. This growth was attributed to factors such as the expansion of its fleet, the opening of new domestic and international routes, and rising freight rates…

India’s Adani considering Vietnam seaport, airports, thermal power investments

the-shiv August 1, 2024

Of note, Adani is currently invested in just two projects in Vietnam, a wind power plant and a solar power plant the latter of which has run into problems with poor infrastructure forcing the plant to curb power production back in 2022.

Vietnam Seaports: Foreign Investors Guide 2024

the-shiv July 2, 2024

Vietnam’s seaports, like Vietnam’s airports, have been a critical component to logistics in Vietnam and subsequently in Vietnam’s economic development. They are the main entry point for most foreign imports and the main exit point for most manufactured goods made in Vietnam. As such they facilitate millions of dollars of…

Vietnam-Europe freight rates spike on Red Sea conflict

the-shiv January 12, 2024

The price for shipping a forty-foot container from Ho Chi Minh City (HCMC) to Northern Europe has hit an average of US$3,700, 90 percent higher than in December of 2023, Tuoi Tre is reporting. This is as a result of conflict in the Red Sea which is seeing cargo ships

Vietnam state-owned shipbuilding firm to go bankrupt

the-shiv December 26, 2023

The Government of Vietnam has decided to wind up the state-owned Shipbuilding Industry Corporation (SBIC) and all of its subsidiaries bar one, Vietnam News is reporting. Of note, its predecessor Vietnam Shipbuilding Industry Group also went bankrupt back in 2010 amid allegations of mismanagement and corruption.

Ocean freight costs Vietnam to Europe shoot up amid Middle East tensions

the-shiv December 22, 2023

Tensions in the Middle East that have led to a number of ships choosing to avoid the Red Sea and this is almost double the price of shipping from Vietnam to Europe, Sustainable Plastics is reporting. Prices for shipping 20 foot containers were in the hundreds of dollars just two

Vietnam’s shipping firms lament new environmental standards

the-shiv December 21, 2023

Just 400 out of 1,500 Vietnamese flagged ships have been approved for Energy Efficiency Existing Ship Index (EEXI) ratings. This is problematic in that from January 1, 2024 the EU will charge ships that dock in a member state for the carbon emissions they produce, Vietnam News (state media) is

Intra-Asian shipping from Vietnam experiences boom on shift out of China

the-shiv December 5, 2023

Whereas the global shipping industry is facing a downturn there has been a marked increase in shipping between Asian states, QZ is reporting. This is being driven by the diversification of supply chains. Key data points: Vietnam has 13 direct shipping routes to the US in 2019, it now has