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Chinese firm to carry out 160-mln-USD logistics project in Cambodian capital | World | Vietnam+ (VietnamPlus)


Chinese firm to carry out 160-mln-USD logistics project in Cambodian capital hinh anh 1The Cambodian private transport sector currently faces a severe shortage of lorry parking (Source: Phnompenhpost)

Phnom Penh (VNA) China Good Cars Holding Ltd is looking for a strategic
location for its proposed 160-million-USD modern heavy vehicle parking terminal
on the outskirts of Phnom Penh to serve as a major gateway into the capital,
the Phnom Penh Post reported on July 2.

Company
representatives recently met with Phnom Penh municipal Governor Khuong Sreng to
discuss the project.

Spokesman of the Phnom
Penh Municipal Hall Met Meas Pheakdey said the capital city strongly supports
the project, given the severe shortage of lorry parking in the capital.

Cambodia Logistics
Association President Sin Chanthy stated that the facility, once operational, will
improve freight transportation and logistics in the country.

He said the private
transport sector currently faces a severe shortage of lorry parking.

The number of
registered vehicles in Cambodia rose 13 percent last year. Newly registered
vehicles last year totalled 640,183, including15,956 heavy vehicles, 92,958
cars and 531,269 motorcycles.

The COVID-19 is
seriously affecting the country’s logistics sector, with 10-15 percent of firms
forecast to go bankruptcy in the next three months./. 

VNA





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Cambodian logistics providers predicted to face bankruptcy amid COVID-19 | World | Vietnam+ (VietnamPlus)


Cambodian logistics providers predicted to face bankruptcy amid COVID-19 hinh anh 1Cambodian logistics providers predicted to face bankruptcy amid COVID-19 (Photo: The Khmer Times)

Phnom Penh (VNA) – The on-going COVID-19 pandemic is seriously damaging Cambodian logistic
providers, with about 10-15 percent heading for bankruptcy in the upcoming
months, according to the Cambodia Freight Forwarders Association (CFFA).

The Khmer Times quoted CFFA President Sin Chanthy as saying that many
providers are struggling to survive, some had already gone bankrupt, and
others will file for bankruptcy within the next two or three months.

The logistics providers have been adversely affected the COVID-19 pandemic, and
it hasn’t seen any sign as to when the situation will recover, he said.

Chanthy added that the traffic of goods and product exports have
dropped about 70-80 percent because there has been a dramatic decrease in
buying orders.

More than 100 member logistics firms of CFFA are struggling to survive as they are
facing financial distress, with an estimated 60 percent decrease in revenue, he
said.

The Cambodian Government decided to cut the 2021 State budget to 4 billion USD due to the impact of COVID-19, 50
percent drop from this year’s State budget. The Southeast Asian nation’s economy
is expected to grow by 3.5 percent next year.

Previously, the Asian Development Bank predicted Cambodia’s economic growth
will expand 2.3 percent  in 2020, while the
International Monetary Fund forecast that Cambodia’s GDP will experience a negative growth of 1.7 percent in 2020./.

VNA





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Logistics service industry ready for opportunities from EVFTA | Business | Vietnam+ (VietnamPlus)


Logistics service industry ready for opportunities from EVFTA hinh anh 1Illustrative image (Source: VNA)



Hanoi (VNS/VNA) –
Vietnam’s logistics service industry is preparing
infrastructure and techniques to grasp opportunities from the Europe-Vietnam
Free Trade Agreement (EVFTA) to attract foreign investors with a wave of
factories.

Insiders predict that the agreement would be a lever for Vietnam to receive
foreign direct investment (FDI) capital sources from European countries,
bringing many advantages for the local logistics service in the future.

Many businesses have been developing and expanding industrial parks in cities
and provinces nationwide, including HCM City, the southern provinces of Binh
Duong, Long An, Dong Nai and Ba Ria – Vung Tau and northern localities.

Vietnam’s industrial real estate market has become busy with the increase of
land lease contracts and factories concentrated in industrial parks and
provinces with deep-water seaports across the country. Therefore, this increase
will lead to a greater supply of logistics transport services in the country.

Experts said that this is understandable because manufacturing enterprises are
still leaving China due to the impact from COVID-19, as well as trade conflicts
with the US and manufacturers’ strategies to minimise reliance on one market.
This gives Vietnam an opportunity to become a new global production hub and an
essential foundation for the strong development of logistics services.

In this trend, authorities in the central province of Ha Tinh have recently
approved a plan for logistics centre development and Son Duong Port service at Vung
Ang Economic Zone.

The 159ha logistics centre is located behind Son Duong Port to become an
important link in the supply chain connecting the Son Duong-Vung Ang port
complex with other areas. This location is not only a key logistics centre of
the province, but also a hub in the central region connecting with the
East-West Economic Corridor and serving international trade activities.

Meanwhile, the major city of Hai Phong, the largest import and export gateway
to the northern region of Vietnam, has also conducted planning on a logistics
service system in the city. In 2019, cargo transported via this port reached
nearly 130 million tonnes.

Authorities in the southern province of Ba Ria-Vung Tau early this week rolled
out a plan to spend 20 trillion VND (850 million USD) from now through 2025 on
infrastructure to achieve their goal of comprehensive development. In which it
has a master plan including 69 ports, of which 48 are operational with a capacity
of more than 141 million tonnes a year. The total area of the specialised
warehousing in the plan is 2,312ha, and the current availability is around
224ha.

According to Bu Le Anh Hieu, Marketing Director of Long Hau Joint Stock
Company, which is the owner of Long Hau Industrial Park (IP) in the southern
province of Long An, the demand of warehouses will sharply increase after the
EVFTA comes into effect.

“The Long Hau IP has attracted many businesses building warehouses, and all has
been operating well. We have earmarked a large area in the Long Hau IP 3 to
wait for foreign investors after the EVFTA,” Hieu said.

“Recently, we received a lot of attention from investors in building cold
storage and warehouses, so the EVFTA will likely cause a shortage of warehouses
in the future,” he added.

Marko Walde, Chief Representative of the German Chamber of Commerce and
Industry in Vietnam (AHK Vietnam), said Vietnam is Germany’s second largest
trading partner in Asia with more than 4,000 German businesses exporting to
this country. However, in order to promote the attraction of FDI from Europe,
one of the important factors is to prepare high quality labour force and
skilled workers for manufacturing and logistics.

He said this is also a big challenge for Vietnam today when the number of
high-quality workers is not sufficient to meet the actual needs. Vietnam needs
to strengthen vocational training centres and courses to adapt to modern
production lines that require expertise and skills.

Nguyen Tuong, Deputy General Secretary of Vietnam Logistics Association (VLA),
said logistics enterprises currently lack technology manpower while foreign
logistics enterprises do not have advantages in warehousing.

“Therefore, to compete fairly at home, the Vietnamese logistics industry must
make more efforts in administration and order management, especially with the
Government’s support to have a specific roadmap for logistics reform,” Tuong said.

He also said that it’s needed to select a number of reputable businesses in
shipping and logistics services, who will receive the Government’s specific
policies to set up a long-term strategy such as tax, interest rate reduction
and support for loans.

“The Government should call on other industries to support this industry.
Along with that, it is necessary to develop railway transportation in logistics
activities.”/. 





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Logistics industry seeks to utilise opportunities from EVFTA


Statistics from the Import-Export Department under the Ministry of Industry and Trade showed that the EU is Vietnam’s second largest export market.

Vietnam’s exports to the EU are forecast to increase by about 20% in 2020, 42.7% in 2025, and 44.37% in 2030. Imports from the EU are expected to grow quickly after the EVFTA takes effect.

In addition, Vietnam’s commitment to eliminating tariffs on vehicles, machinery and equipment for logistics activities from the EU is an opportunity for local logistics firms to buy products for domestic production at reasonable prices to save costs, improve technologies, enhance self-implementation capacity, and reduce outsourcing services.

Besides advantages, Vietnamese logistics businesses will also face challenges. For example, the access to the EU market is difficult because of European customers’ high requirements for serivce quality and indirect legal binds.

Meanwhile, Vietnamese firms lack a long-term vision, investment and technologies, and the quality of their services remains low, experts said.

Therefore, to improve the competitiveness of the logistic sector and optimise opportunities from the EVFTA, it is necessary to refine the country’s legal framework, acccording to insiders.

Promoting administrative reforms and implementation of national one-stop-shop mechanism, and ASEAN Single Window is also important to help logistics businesses reduce production costs.





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Logistics industry seeks to utilise opportunities from EVFTA | Business | Vietnam+ (VietnamPlus)


Logistics industry seeks to utilise opportunities from EVFTA hinh anh 1Containers at Cat Lai port in HCM City’s District 2. (Photo: VNA)



Hanoi (VNA) –
The enforcement of the EU-Vietnam Free Trade Agreement (EVFTA) will promote export-import activities, thus bringing direct benefits to the country’s logistics industry, experts have said.

Statistics from the Import-Export Department under the Ministry of Industry and Trade showed that the EU is Vietnam’s second largest export market.

Vietnam’s exports to the EU are forecast to increase by about 20 percent in 2020, 42.7 percent in 2025, and 44.37 percent in 2030. Imports from the EU are expected to grow quickly after the EVFTA takes effect.

In addition, Vietnam’s commitment to eliminating tariffs on vehicles, machinery and equipment for logistics activities from the EU is an opportunity for local logistics firms to buy products for domestic production at reasonable prices to save costs, improve technologies, enhance self-implementation capacity, and reduce outsourcing services.

Besides advantages, Vietnamese logistics businesses will also face challenges. For example, the access to the EU market is difficult because of European customers’ high requirements for serivce quality and indirect legal binds.

Meanwhile, Vietnamese firms lack a long-term vision, investment and technologies, and the quality of their services remains low, experts said.

Therefore, to improve the competitiveness of the logistic sector and optimise opportunities from the EVFTA, it is necessary to refine the country’s legal framework, acccording to insiders.

Promoting administrative reforms and implementation of national one-stop-shop mechanism, and ASEAN Single Window is also important to help logistics businesses reduce production costs./.

VNA





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Chinese logistics giants accelerate layouts in B&R markets with policy support | Virtual-Strategy Magazine


BEIJING – May 1, 2020 – Chinese logistics giants are speeding up their layouts in the Belt and Road markets with the support of favorable policies aiming at stabilizing the foreign trade amid the COVID-19 epidemic, reported Securities Daily Tuesday.

In order to secure stable foreign trade amid the epidemic, the Chinese authorities involving transport, commerce, customs, railway, aviation and state post, jointly issued a circular with China State Railway Group Co., Ltd., proposing measures to forge a sound logistics environment for foreign trade by smoothing the transport channels, cutting the import and export logistics costs, etc.

Cainiao Network, Alibaba’s delivery arm, has managed to maintain the operation of its global logistics network amid the epidemic, and kept transporting parcels from hundreds of thousands of merchants to key Belt and Road regions every day.

On April 10, the company announced that its cross-border e-commerce logistics orders have returned to the pre-epidemic level.

ZTO Express, another leading express delivery company in China, on February 19 started trial operation of its transit center in Bangkok, Thailand, and its express service network covers the entire territory of Thailand.

BEST Inc. (NYSE: BEST), a leading integrated smart supply chain and logistics solutions provider in China, started to provide logistics and supply services as early as 2018 to Southeast Asian countries which were once hailed as the “first stop” of the Belt and Road Initiative (BRI).

The express delivery business of BEST Inc. is booming in Southeast Asia, and as of the end of December 2019, the service network had covered the whole territory of Thailand and 91 percent of the territory of Vietnam, said a source from the company.

Shanghai courier YTO Express started the international express package business in Vietnam in November 2019.

“So far, the air services of YTO Express have covered Southeast Asia, North Asia, South Asia, Central Asia and other Belt and Road countries. Apart from a B737F all-cargo aircraft, the company has also put another five B757 all-cargo carriers in service to provide nationwide and global air transport services,” said a staff from the company.

Driven by the Belt and Road Initiative (BRI), the trade between China and the Belt and Road countries and regions is growing fast, yielding rapid expansion of logistics demand and market capacity, and early deployment in the logistics systems of these markets is conducive to seizing market share ahead of time and gaining benefits in the future, noted Tao Jin, a senior researcher with Suning Financial Research Institute.

“The engagement of Chinese logistics firms in the construction of local logistics infrastructure will significantly improve the trade efficiency of Belt and Road countries, reduce trade transaction costs, and thus promote the growth of trade with China,” he believed.

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Portal of Xinhua News Agency. It’s also an authoritative website of the China’s silk road economic belt and the 21st Century Maritime Silk Road. It provides the content on BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source:https://en.imsilkroad.com/p/313176.html

Media Contact
Company Name: Xinhua Silk Road
Contact Person: Media Relations
Email: Send Email
Phone: 86-10-6307 6014
Address: 57 Xuanwumen Xidajie
City: Beijing
Country: China
Website: https://en.imsilkroad.com/





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Chinese logistics giants accelerate layouts in B&R markets with policy support – Press Release


BEIJING – May 1, 2020 – Chinese logistics giants are speeding up their layouts in the Belt and Road markets with the support of favorable policies aiming at stabilizing the foreign trade amid the COVID-19 epidemic, reported Securities Daily Tuesday.

In order to secure stable foreign trade amid the epidemic, the Chinese authorities involving transport, commerce, customs, railway, aviation and state post, jointly issued a circular with China State Railway Group Co., Ltd., proposing measures to forge a sound logistics environment for foreign trade by smoothing the transport channels, cutting the import and export logistics costs, etc.

Cainiao Network, Alibaba’s delivery arm, has managed to maintain the operation of its global logistics network amid the epidemic, and kept transporting parcels from hundreds of thousands of merchants to key Belt and Road regions every day.

On April 10, the company announced that its cross-border e-commerce logistics orders have returned to the pre-epidemic level.

ZTO Express, another leading express delivery company in China, on February 19 started trial operation of its transit center in Bangkok, Thailand, and its express service network covers the entire territory of Thailand.

BEST Inc. (NYSE: BEST), a leading integrated smart supply chain and logistics solutions provider in China, started to provide logistics and supply services as early as 2018 to Southeast Asian countries which were once hailed as the “first stop” of the Belt and Road Initiative (BRI).

The express delivery business of BEST Inc. is booming in Southeast Asia, and as of the end of December 2019, the service network had covered the whole territory of Thailand and 91 percent of the territory of Vietnam, said a source from the company.

Shanghai courier YTO Express started the international express package business in Vietnam in November 2019.

“So far, the air services of YTO Express have covered Southeast Asia, North Asia, South Asia, Central Asia and other Belt and Road countries. Apart from a B737F all-cargo aircraft, the company has also put another five B757 all-cargo carriers in service to provide nationwide and global air transport services,” said a staff from the company.

Driven by the Belt and Road Initiative (BRI), the trade between China and the Belt and Road countries and regions is growing fast, yielding rapid expansion of logistics demand and market capacity, and early deployment in the logistics systems of these markets is conducive to seizing market share ahead of time and gaining benefits in the future, noted Tao Jin, a senior researcher with Suning Financial Research Institute.

“The engagement of Chinese logistics firms in the construction of local logistics infrastructure will significantly improve the trade efficiency of Belt and Road countries, reduce trade transaction costs, and thus promote the growth of trade with China,” he believed.

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Portal of Xinhua News Agency. It’s also an authoritative website of the China’s silk road economic belt and the 21st Century Maritime Silk Road. It provides the content on BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source:https://en.imsilkroad.com/p/313176.html

Media Contact
Company Name: Xinhua Silk Road
Contact Person: Media Relations
Email: Send Email
Phone: 86-10-6307 6014
Address:57 Xuanwumen Xidajie
City: Beijing
Country: China
Website: https://en.imsilkroad.com/





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Air Force Logistics Commander in Korea Fired Due to Loss of Confidence


A commander of the logistics readiness squadron at Osan Air Base, South Korea, has been removed from his post due to a loss of confidence in his ability to lead.

Lt. Col. Michael Kearney, commander of the 51st Logistics Readiness Squadron, was removed from his post by Col. John Gonzales, 51st Fighter Wing commander, on Tuesday, according to a spokesperson from the 51st Fighter Wing.

“The decision was made due to loss of confidence in Kearney’s ability to effectively lead the squadron,” the spokesperson said in an email.

“Kearney has been reassigned to 7th Air Force, where he will work under the A4 logistics, engineering, and force protection directorate. Maj. Hans Hobbs, 51st LRS director of operations, has assumed temporary command of the squadron until the new commander arrives,” the spokesperson said.

Related: F.E. Warren Security Forces Commander Relieved Following Investigation

The spokesperson did not provide additional details on whether an investigation precipitated Kearney’s removal.

According to the 51st LRS Facebook group, Kearney has been at the squadron at least since 2017.

The 51st LRS contributes to the wing’s operations through planning and direction for the distribution of equipment.

Last year, airmen from the squadron helped prepare for President Donald Trump’s visit to the region for the second U.S. and Democratic People’s Republic of Korea summit held in Hanoi, Vietnam, according to a release.

The airmen assisted in “securing diplomatic clearances for the cargo” in addition to coordinating plans between Osan, Kunsan, Suwon and Kadena Air Bases in the theater, the release said.

— Oriana Pawlyk can be reached at [email protected]. Follow her on Twitter at @Oriana0214.

Read More: Navy Orders Deeper Investigation Into Crozier Firing

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Logistics in Indonesia down by more than 50 percent amid COVID-19 outbreak | World | Vietnam+ (VietnamPlus)


Logistics in Indonesia down by more than 50 percent amid COVID-19 outbreak hinh anh 1A cargo plane of Garuda Indonesia (Courtesy of/flyawaysimulation.com)



Jakarta (VNA) –
Logistics companies have experienced a more than 50 percent decline in overall business performance since the COVID-19
outbreak hit Indonesia in early March, the Indonesian Logistics Association
(ALI) reported.

The
association’s chairman, Zaldy Ilham Masita, said logistics volume has been down 60 to 70 percent across the
board.

Zaldy said
business-to-consumer (B2C) and customer-to-customer (C2C) delivery services had
experienced growth despite the outbreak but the increase was too small to
compensate the sharp drop in the business-to-business (B2B) segment.

The B2C and C2C segments recorded growth due to the increase in demand for
food, perishables and medical supply deliveries despite large-scale social
restrictions, he said, adding that all three categories had seen a 100 percent
increase since March.

He
went on to say that during Ramadan, shipment volume usually increased by 30 to
50 percent, adding that however, this year the volume would be down 40
percent from last year.

The
prediction is based on lower consumer spending because there have been layoffs
everywhere and holiday bonus (THR) cuts, he said.

Zaldy
also predicted that the logistics sector would return to normal in the first
quarter of 2021. In the meantime, he said, logistics companies could begin
digitalizing operations and broaden services, such as catering to
more B2C clients to survive the outbreak. 

Supply
Chain Indonesia (SCI) chairman Setijadi also said spending on tertiary goods
such as automotive, electronics and fashion had declined amid the outbreak,
while medical supplies and health products were likely to continue their growth
trend. 

Previously,
the SCI estimated the logistics sector would grow around 12.7 percent this
year, with a contribution to GDP of 993.9 trillion Rp (63.9 billion USD).
However, Setijadi said the SCI would revise the estimate because
COVID-19 had severely affected global trade and logistics activities./.

 





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Thailand: Private sector calls for standardised logistics | ASEAN | Vietnam+ (VietnamPlus)


Thailand: Private sector calls for standardised logistics hinh anh 1Inconsistent requirements by provinces caused confusion. (Photo: https://www.bangkokpost.com/)

Bangkok (VNA) – The
private sector of Thailand will ask the Thai government to speed up introducing
the same practices for logistics procedures nationwide that now exist in a
patchwork applied differently across various provinces.

According to Suphan Mongkolsuthree, Chairman of the Federation of
Thai Industries (FTI), the same practices nationwide are desperately
needed because each province or checkpoint has come up with different
requirements.

Some provinces and checkpoints ask for invoices and goods purchase orders,
while some require a certificate from the Fishery Department for fishery
products, he cited.

Thai Prime
Minister Prayut Chan-o-cha announced an emergency decree that came into force
on March 26 and runs through the end of April.

A nationwide curfew was later added, banning all people from leaving their home
from 10pm to 4am, from April 3 until further notice.

The measures aimed to contain the spread of the
COVID-19 pandemic.

Logistics activities, however, are still allowed
to ensure a sufficient supply of goods.

Suphan said the mess is yet to
cause a shortage of goods and food, but to facilitate logistics procedures and
make logistics and delivery services smoother, the government should announce
the same practices as soon as possible./.

VNA





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