The Transimex-Sai Gon Joint Stock Company held a ceremony on September 9 to inaugurate its logistics centre in the Hoa Cam Industrial Zone (IZ) in the central city of Da Nang.
The Transimex-Sai Gon Joint Stock Company held a ceremony on September 9 to inaugurate its logistics centre in the Hoa Cam Industrial Zone (IZ) in the central city of Da Nang
Built with a total investment of 50 billion VND (2.4 million USD), the Da Nang Transimex Logistics Centre covers an area of 16,000 square metres.
It includes 9,300 square metres of general warehouses with an automatic cargo forklift and loading system.
The project is expected to contribute to c𓂃onnecting the East-West Economic Corridor, which links Thailand, Laos and Vietnam, said Nguyen Ngoc Tuan, Vice Chairman of the municipal People’s Committee.-VNA
Demand for logistics services has risen rapidly, but the plan to develop a professional logistics centre in HCM City is still on the drawing board, experts say.
Damco and Thai Binh Shoes Logistics on Aug. 24 signed a contract to build an integrated logistics centre in Binh Duong province, which is expected to open in April next year.
Logistics services businesses need to have well-trained human resources and modern information technology systems to increase the competitiveness of the local industry, experts have said.
According to the World Bank, Vietnam has a positive outlook for performance in the logistics industry. Domestic logistic businesses want to gain market share, which currently accounts for only 5 percent of the country's market.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Illustrative image (Photo: VNA)
