MARKET NEWS

CONTAINER SHIPPING LINES WILL HAVE TO COMPETE FIERCELY IN 2023

One million TEUs of container lines' capacity could be idle by 2023 as demand falls, freight rates fall and economic confidence deteriorates. Freight platform Xeneta said on its 2023 outlook that ocean freight volumes could drop by up to 2.5% by 2023 in an extremely challenging market environment.

HAI PHONG - REGIONAL LOGISTICS SERVICE CENTER - LEVERAGE FOR HUMAN RESOURCE DEVELOPMENT

Hai Phong has been offering breakthrough policies and solutions, grasping new ideas in order to further promote advantages, improve the role of logistics services in the economic structure of the city, strengthen the economic connection of Hai Phong and create spillovers in the region. However, human resources for this industry are still modest, and a sustainable development strategy is needed.

THE LOGISTICS INDUSTRY HAS 400 MORE STUDENTS WITH FIATA CERTIFICATES

After 2 years of study and training, more than 400 students of K22 and K23 of TDTU's High Quality International Business Program were honored to be awarded the FIATA Diploma in Freight International Certificate Forwarding (FIATA).

FROM DECEMBER 1, THE MINISTRY OF INDUSTRY AND TRADE IS THE STATE MANAGEMENT AGENCY FOR THE LOGISTICS INDUSTRY

Since December 1, 2022, the Ministry of Industry and Trade has been assigned by the Government to be the state management agency for the operation of Vietnam's logistics service industry. This task of the Ministry of Industry and Trade is based on Task No. 53 on "consolidating the entire state management apparatus in logistics" of Decision No. 221/QD-TTg dated February 22, 2021 of the Prime Minister.

THERE WILL BE 55 VIETNAMESE BUSINESSES ATTENDING AMBIENTE FRANKFURT 2023

After a 2-year pause due to Covid-19, Ambiente Frankfurt - the world's leading large trade fair for consumer goods will return from 3-7/02/2023 in Germany. It is expected that Vietnam will have 55 businesses attend the fair, along with the participation of the City People's Committee Hanoi and the Vietnam Chamber of Commerce and Industry.

STRENGTHENING BILATERAL COOPERATION BETWEEN VIETNAM - POLAND

On November 23, 2022, a consultation meeting on bilateral economic and trade cooperation between Vietnam - Poland between Deputy Minister of Industry and Trade Dang Hoang An and Minister of State of the Ministry of Development and Technology of the Republic of Poland, Mr. Grzegor Piechowiak was held at the Ministry of Industry and Trade. At the meeting, the two sides exchanged and discussed contents to promote economic and trade relations between Vietnam and Poland.

VIETNAM HAS A TRADE SURPLUS OF 10.6 BILLION USD

According to the report of the General Statistics Office, in the past 11 months, the country's trade balance of goods was estimated to have a trade surplus of 10.6 billion USD (the same period last year, the trade surplus was 0.6 billion USD).

11 MONTHS, IMPORT AND EXPORT REACHED $673.82 BILLION, SURPASSING THE RESULT IN 2021

In the eleven months of 2022, the total import and export turnover of goods was estimated at $673.82 billion, up 11.8% over the same period last year, exceeding the result in 2021 ($668.5 billion).

MAKING THE MOST OF THE EVFTA AGREEMENT, INCREASING EXPORTS TO THE EU MARKET IN THE NEW CONTEXT

After more than 2 years of implementing the EVFTA, Vietnam's exports to the EU have recorded positive results. However, the context of inflation and difficulties of the world economic situation, especially changes from the EU market, are expected to affect Vietnam's exports in the coming time. Enterprises need to prepare a methodical plan to take full advantage of market opportunities and great advantages from this Agreement.