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On vinalines

Vietnam logistics speeds up post-pandemic

November 21, 2022 by e.vnexpress.net

PetroVietnam Transportation posted a post-tax profit surge of 72% year-on-year to VND1.04 trillion ($41.89 million) in the first nine months. Hai An Transport & Stevedoring recorded a profit jump of 1.5 times in the period to VND270 billion. Ship operator Vinalines’ profit increased by 30% to VND2.77 trillion, hitting its target for the year three months in advance. Warehouses in Ho Chi Minh City and Hanoi in the first nine months posted an occupancy rate of over 90%, according to property data provider Cushman & Wakefield. It forecast that this rate could rise up to 100% in December thanks to the end-of-year shopping season. Vietnam’s logistics market was ranked 11th out of the 50 emerging markets globally this year thanks to technology adoption among service providers and their customers, according to supply chain service provider Agility. Vu Duc Thinh, CEO of Lazada Logistics Vietnam, has seen demand for storage rising in recent months. The company has been … [Read more...] about Vietnam logistics speeds up post-pandemic

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