The Logistics Market: Navigating Opportunities and Challenges
The first seven months of 2024 have seen a surge in demand for logistics services, driven by the recovery of international trade and the boom in e-commerce. However, unexpected market fluctuations, such as the container crisis, trade wars, and supply chain disruptions, have created significant challenges for businesses in the industry. Skyrocketing sea and air freight rates and limited supply have put immense pressure on companies in terms of costs and delivery times. Global suppliers are working at maximum capacity, and supply chains are the busiest they have been in over a year.
At the event, leading Vietnamese experts in the field of logistics shared insights and forecasts for the logistics industry, both globally and specifically in Vietnam. As an open economy, Vietnam recognizes the crucial role of logistics in its economic development, aligning with global trends. With an average annual growth rate of 14-16%, there is still ample room for expansion in Vietnam’s logistics sector, particularly as the country focuses on developing strategic infrastructure, including logistics infrastructure.
VietinBank: A Trusted Partner for Logistics Businesses
Mr. Nguyen Thanh Tung, Director of the Corporate Customer Block at VietinBank, shared insights on the development potential of businesses linked to the economic strength and geographical advantages of the region. He highlighted the bank’s ecosystem of solutions tailored to support businesses at every stage of their growth journey. These include special industry-specific concessions on prices, fees, interest rates, and, notably, a smart working capital management tool to help businesses scientifically manage their receivables and payables, thereby optimizing their cash flow and operational costs.
Notable packages include the “Subscription Package,” starting at just VND 20 million, which allows for the unlimited issuance of guarantees within the package limit, and a combo offer that includes up to 100% foreign currency transfer fee waivers and significant exchange rate discounts, among other benefits.
In addition to financial solutions, VietinBank, a leading bank in Vietnam, offers a suite of business consulting solutions: consulting services to support digital and green transformation, helping clients transition to sustainable development, including ESG strategy consulting, financial and technical tools, legal regulations, and compliance reporting; project implementation consulting, providing legal advice at each project stage; and offering professional financial management and support tools for customers and their ecosystems, encompassing transportation, storage, and supply chain management services.
Business Networking Event: A Resounding Success
The import-export business networking event organized by VietinBank in Hai Phong attracted the participation of nearly 300 senior executives from various companies. This event was one of VietinBank’s initiatives to create a forum for businesses to share experiences and explore collaboration opportunities.
As shared by VietinBank representatives at the event, the bank considers businesses not just as customers but as valuable partners. They are committed to standing by their side through challenges and toward a prosperous future.
Nearly 300 senior executives from various companies attended the event.
Through this event series, VietinBank aims to provide a platform for businesses to exchange valuable insights and collaborate on initiatives to boost trade promotion and export development. Their ultimate goal is to support businesses in thriving and expanding their reach in domestic and international markets.
The most extensive bribery case ever in Thanh Hoa: Numerous suspects prosecuted for “Giving and Receiving Bribes”
The Provincial Security Investigation Agency (PSIA) of Thanh Hoa province announced on January 31st that it has made the decision to initiate a prosecution against 23 individuals in connection with the offenses of “Accepting bribes” and “Giving bribes” as stipulated in Article 354(3) and Article 364(2) of the Criminal Code.
Accelerating disbursement of the 120 trillion VND credit package for social housing
Deputy Prime Minister Trần Hồng Hà has recently issued directives regarding the implementation of the 120,000 billion VND credit package for investors and buyers of social housing, workers’ housing, and projects for the renovation and construction of apartment buildings.
“Prosecution of government officials, land registration officers, and tax department employees in the largest bribery case ever”
The Thanh Hoa Police Investigative Agency has initiated legal proceedings against 23 individuals involved in the crimes of “Bribery” and “Receiving bribes”. This is the largest bribery case in terms of the number of suspects ever discovered and apprehended by the Thanh Hoa Police.
Mobile World achieves revenue of VND118,000 trillion: TVs, tablets, and phones all decrease by 10% – 50%, while one product grows in both quantity and revenue.
Mobile World Investment Corporation (MWG) has recently announced its 2023 business results. According to the report, the company’s consolidated revenue reached over 118 trillion Vietnamese dong, equivalent to 89% of the revenue in 2022.
Vietnam’s Irresistible ‘Specialty’ That China Desperately Wants to Revive: Highly Popular from the US to Asia, Bringing in Millions of Dollars
Vietnam is one of the largest exporting countries in the world, along with China and the Philippines.
