From the beginning of March to now, many plastic manufacturing companies have had to send price increase letters to their customers, blaming the breakdown of the supply chain of plastic materials from the US, Europe, and China. This difficulty combined with the lack of empty containers for transportation has caused the cost of plastic materials to sharply soar.
A ceremony to welcome the arrival of Margrethe Maersk, one of the largest container ships in the world, was held at Cai Mep International Terminal (CMIT) - a joint venture between Vietnam Maritime Corporation, Saigon Port, and APM Terminals - in Phu My Town in Ba Ria - Vung Tau Province in the morning of October 26.
One of the big shortcomings, weakening the competitiveness of Vietnamese goods not only in foreign markets but also in the domestic market, is the high transportation costs. This needs to be resolved immediately when several free trade agreements between Vietnam and many countries take effect.
Vietnam is now one of the fastest-growing countries in the e-commerce market in the region, with an average annual growth rate of about 30 percent from 2013 to 2018. But this is also a field where competition and elimination are extremely fierce, for many reasons.
Transport of goods in the Mekong Delta has been facing several difficulties as roads have not been invested synchronously, waterway has not brought into play its advantages and logistics system is poor, leading to increasing transport cost. Therefore, it is essential to have an effective and long-lasting solution to solve import and export demand of the region.
The People’s Committee of Ho Chi Minh City has approved a policy that would help attract experts and scientists, particularly in the fields of IT, biotech, logistics, nanotech, and the support industry, in the 2018-20 period.