Saturday, November 23, 2024 7:01:03 AM - Markets open
VN-INDEX 1,228.10 -0.23/-0.02%
HNX-INDEX 221.29 -0.47/-0.21%
UPCOM-INDEX 91.70 +0.20/+0.21%
Minister asks for FIATA’s support in dealing with increased shipping freights
vietnamnews - 7/17/2024 11:00:11 AM
 (0 ratings. You must sign in to rate.)
Increased shipping freight rates and port congestion are having serious impacts on and affect the competitiveness of Vietnamese goods on the international market.
 
 
A view of Gemalink International Port in the southern province of Bà Rịa - Vũng Tàu. VNA/VNS Photo Hồng Đạt
 
 Minister of Industry and Trade Nguyễn Hồng Diên has suggested the International Federation of Freight Forwarders Associations (FIATA) provide practical solutions to assist Vietnamese businesses in overcoming challenges caused by the increased shipping freight rates, port congestion and shortage of empty containers.
 
In his letter sent to FIATA President Turgut Erkeskin, Diên stressed that these problems were having serious impacts on and affected the competitiveness of Vietnamese goods on the international market.
 
Vietnam hoped to learn from experiences and solutions that FIATA member countries and associations had applied, especially in handling port surcharges, Diên said.
 
He asked the federation, within its influence on other international organisations in the import-export, logistics and supply chain management sectors, to emphasise Vietnam's position in the global value chain to prioritise appropriate means of transport and equipment for the market.
 
He also proposed FIATA support the Vietnamese Government in its strategy to position Vietnam as a hub for manufacturing goods and a new international transhipment location in Asia within the global logistics business community and to allow Vietnamese organisations to participate in the federation’s training and certification programmes.
 
Diên stressed that his ministry would direct export industries, logistics associations and enterprises to connect and cooperate closely and have timely response plans to minimise risks and losses from complex developments in the future.
 
The ministry believed that cooperation with FIATA would continue to develop, he said, adding that Vietnam would make a worthy contribution to enhancing the federation’s role and status and its effective support would help the Southeast Asian country integrate into the global logistics market.
 
FIATA is a global organisation representing the freight forwarding and logistics industry. It has 114 national logistics associations, with activities spanning 150 countries and territories and connecting approximately 40,000 businesses worldwide.
 
Vietnam will host the FIATA World Congress in October 2025 in Hanoi. —VNS
 
Read original article here
 
Newer News
22/11 Vietnam resolved to boost digital economy with national action plan
22/11 General Department of Customs warns of tax evasion schemes in steel imports
21/11 VN must diversify its textile export markets
21/11 Shrimp exports surge in 10 months, generating US$3.2 billion
21/11 Vietnam aims to increase rice market share in Africa
20/11 Trade growth between Vietnam and Americas promoted by FTAs
20/11 Enterprises urged to tap potential to expand official exports to EU
19/11 Solutions discussed to ensure coal supply for electricity generation in 2025
19/11 Workshop seeks ways to attract Japan’s green investment to Vietnam
19/11 VN-UK trade continues to grow
Older News
17/07 Vietnam targets full mobile broadband coverage on highways, industrial zones by 2025
16/07 European firms remain confident in their long-term growth in Vietnam
15/07 Vietnam, France eye high cooperation prospects in hydrogen development
15/07 PM urges measures to remove obstacles to e-commerce
15/07 Ca Mau Province licenses 14 wind power farms in 2024
15/07 Fresh agricultural products have opportunities in Singaporean market
15/07 Exporters advised to update Singapore trade policies
15/07 Leather, footwear exports to hit $27 billion this year
15/07 Technical exchange on EUDR shapes Vietnam's agricultural future
15/07 Transitioning from a linear economy to a circular economy to address the "Solid Waste" problem
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:02 PM
VN-INDEX 1,228.10 -0.23/-0.02%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.