Illustrative image (Source: Internet) HCM City (VNA) – The southern metropolis Ho Chi Minh City will form logistics centres in concentrated production areas or those near seaports to provide various services and operate as ports, container depots and container freight stations. It was part of a project on logistics development in HCM City built by the municipal Department of Industry and Trade, aiming to minimise logistic costs. On March 20, the Vietnam Logistics Association (VLA) and the municipal Department of Industry and Trade, organised a seminar discussing promoting the development of logistics services in the city, drawing representatives from nearly 100 firms in the field. In 2017, the logistics sector of the city reached 91.541 trillion VND (4.03 billion USD), accounting for 8.6 percent of the Gross Regional Domestic Product (GRDP) and 14.8 percent of the service sector, according to statistics. Logistics is the second most important industry in the nine … [Read more...] about Logistics centres to be taken shape in HCM City
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Maersk expands with new logistics centre
The opening ceremony for Maersk’s high-quality warehouse took place last week The new warehouse offers premium warehousing and distribution solutions to support customers and the significant trade growth in the region. On December 11, the opening ceremony for the new Maersk logistics centre in Bac Ninh was attended by Danish Ambassador to Vietnam Kim Højlund Christen-sen, and senior Maersk executives, among others. Maersk Logistics Centre in VSIP Bac Ninh Warehouse area: 10,848sq.m (officially opened December 11) Clearance height: nine metres Dock leveller: 12 units Normal dock: 10 units Floor payload: four tonnes per square metre 100-per-cent fire sprinkler equipped 24/7 CCTV surveillance Constructed by Mapletree Logistics Park Bac Ninh Phase 3, the 11,000 square-metre warehouse is strategically located at VSIP Industrial Park in Bac Ninh, within 25km to Hanoi centre and 120km to Haiphong port. The fully Maersk-operated facility is equipped with the latest … [Read more...] about Maersk expands with new logistics centre
Cham Islands officials resist plan to send tourist boats from Da Nang
A boat docks on a beach off the Cham Islands. The world biosphere reserve is vulnerable to mass tourism with overloaded boats and logistics demands. (Photo: VNA) Quang Nam (VNS/VNA) - The Cham Islands off the coast of Hoi An have since 2015 limited the number of tourists permitted to 3,000 per day to protect the vulnerable world biosphere reserve site from being overrun by boats and waste, but the area is in crisis despite these efforts. Leaders of the protected area have expressed reluctance to allow in more boats, but officials from neighbouring Da Nang said they will go ahead with a plan to add a new route to the islands. Director of the Cham Islands-Hoi An Marine Protected Area (MPA) Centre Tran Thi Hong Thuy has advocated against allowing more tourists and boats from the neighbouring city of Da Nang. In April, Da Nang released a plan to develop eight aquatic tourism services – including a direct boat route from the Han River to the Cham Islands – by 2021. However, … [Read more...] about Cham Islands officials resist plan to send tourist boats from Da Nang
Investors step up M&A movements
The remainder of 2019 will be key for Vietnam to avail of longer-term investment possibilities, Photo: Le Toan Warrick Cleine, chairman and CEO of KPMG Vietnam, told VIR that they have seen tremendous confidence in Vietnam from large investors, especially from the likes of Japan, South Korea, and Singapore. The trend has expanded from the acquisition of 100 per cent or control of Vietnamese companies, such as the Sabeco deal from Thailand, to minority or strategic investments in large Vietnamese companies. These are often institutional investors, and their decisions reflect confidence in Vietnam’s overall macroeconomic and geopolitical state, and the management teams and business models of the specific companies. “Provided the global economy remains strong and Vietnam maintains its reform orientation, there is no reason investors will not continue to have the confidence to invest in Vietnam,” Cleine stressed. KPMG in particular expects to … [Read more...] about Investors step up M&A movements
Schneider Electric introduces Masterpact MTZ power circuit breaker
Schneider Electric makes a statement for the future with its Masterpact MTZ circuit breaker The Masterpact MTZ circuit breaker takes the lead in power system uptime and energy efficiency with its onboard Ethernet communications and Class 1 (≤1 per cent error) active power metering accuracy built into every circuit breaker. It also allows wireless remote control of the circuit breaker via Bluetooth LE keeping maintenance staff outside of the arc flash zone during operation. These innovative advancements in technology are an industry first. As part of Schneider Electric’s comprehensive EcoStruxure Power Platform the Masterpact MTZ is an industry-leading, world-class circuit breaker with all new IoT-enhanced digital capabilities. It includes wireless communication, customisable/downloadable applications, integrated analytics, and advanced metering and sensing technologies that address evolving industry challenges. With the introduction of digital modules, the breaker is … [Read more...] about Schneider Electric introduces Masterpact MTZ power circuit breaker
