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vlc-news-philippines-cancels-rice-import-permit-15102026

Market updates

Philippines Cancels Permit for Controversial 12,480-Metric-Ton Rice Shipment from Viet Nam

The Philippine Department of Agriculture (DA) said it had ordered the cancellation of the Sanitary and Phytosanitary Import Clearance (SPSIC) for a 12,480-metric-ton rice shipment from Viet Nam before the vessel arrived. The case involves reported discrepancies in rice specifications and an expired import contract, highlighting the risks that can arise when shipping schedules do not align with import requirements in the destination market. 1. Developments at the Port of Arrival According to the Philippine Department of Agriculture (DA) and the Philippine News Agency (PNA), the vessel MV Tay Son 2, carrying 12,480 metric tons of rice from Viet Nam, arrived at the Port of Davao on September 14, 2026. According to these sources, the vessel’s captain refused to submit the shipment for inspection by the Philippine Bureau of Plant Industry (BPI). On September 17, 2026, the vessel departed Davao before the matter had been resolved. Philippine authorities subsequently prevented the cargo from being unloaded at another location and brought the vessel to the Port of General Santos before ordering it to return to Davao for further handling. 2. Rice Specifications and Import Requirements The case involves two issues: reported discrepancies in rice specifications and the status of the import contract and permit. 2.1. Reported Discrepancy in Rice Specifications The importer, Planters Product, Inc. (PPI), reported a discrepancy between the purchase order and the specifications communicated for the shipment: Specifications under the purchase order: 25% broken rice Reported specifications for the shipment: 5% broken rice In agricultural trade, the percentage of broken grains is an important commercial specification. However, the discrepancy remains based on information reported by the importer and has not been confirmed by an official inspection, as the physical inspection process was not completed. 2.2. Expired Contract and Canceled Import Permit In addition to the rice specifications, the delivery timeline and the status of the import documentation were also highlighted by the DA: Estimated time of arrival (ETA): July 2026 Actual arrival: Mid-September 2026 According to the DA, the import contract had expired and the SPSIC had been canceled before the vessel arrived. The vessel’s arrival also coincided with the period when the Philippines was preparing for the wet-season rice harvest. According to published information, import policy during this period was also linked to efforts to limit downward pressure on domestic palay prices. Operational Note: Even when goods meet quality requirements, a shipment may still face customs clearance difficulties if it fails to meet import requirements or if the relevant permit is no longer valid. 3. Proposed Measures for Handling the Shipment According to published information, the Bureau of Customs of the Philippines (BOC) was still considering the final course of action for the shipment. The proposed measures included: Proposed Measure Proposing Authority / Status Return to the Country of Origin The BPI was reported to have recommended returning the shipment to Viet Nam. Seizure and Penalties The DA proposed considering seizure of the shipment and the application of penalties under relevant regulations, subject to the competent authority’s findings and decision. Final Decision The BOC was reviewing the official course of action for the shipment. 4. Conclusion The controversial rice shipment in the Philippines highlights how international trade depends not only on product quality and contractual terms but also on shipping schedules, the validity of import documentation, and regulatory requirements in the destination market. When these elements are no longer aligned, shipments already in transit may face unexpected complications during arrival and customs clearance. Vantage Logistics will continue to provide updates on notable developments in logistics, import-export activities, and international supply chains, offering businesses additional insight into factors that may affect global trade. Contact Vantage Logistics for tailored transport solutions and competitive quotations. Please provide details on cargo type, market, origin, destination, and estimated timeline.   Vantage Logistics Corp – South East Asia (S.E.A) Logistics Provider One-Stop Shop For Integrated Logistics Services Head Office Viet Nam – Suite 6.01, Floor 6th, Block A, RiverGate Residence, 151-155 Ben Van Don, Khanh Hoi Ward, HCMC, Viet Nam Branch Thailand, Laos, Cambodia, Malaysia, Indonesia, Singapore Contact Us Email in**@*****om.vn Hotline +84-909-026-261 Website https://vantage-logistics.com Send your shipment enquiry today and receive a tailored transport plan from the Vantage Logistics team.

15/10/2026

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vlc-news-asean-east-asia-trade-15102026

Market updates

ASEAN–East Asia Trade Reaches USD 1.4 Trillion, Up 13.7% in 2025

According to preliminary data from the ASEAN Secretariat, two-way trade between ASEAN and its three East Asian partners (China, Japan, and South Korea) reached USD 1.4 trillion in 2025, representing a 13.7% year-on-year increase. Notably, China–ASEAN trade continued its upward trajectory in the first seven months of 2026, underscoring a sustained expansion in cross-regional trade volumes worth monitoring. 1. Regional Trade Volume and Foreign Direct Investment (ASEAN+3) Trade and investment flows between ASEAN and its three East Asian partners maintain a substantial footprint. In 2025, Foreign Direct Investment (FDI) inflows from China, Japan, and South Korea into ASEAN totaled USD 44.8 billion. Key ASEAN–East Asia Trade & Investment Indicators Indicator Value Growth / Share ASEAN – (China, Japan, South Korea) Trade in 2025 USD 1.4 Trillion Up 13.7% vs 2024 FDI from 3 East Asian Partners into ASEAN in 2025 USD 44.8 Billion Accounted for 18.2% of total ASEAN FDI China – ASEAN Trade (First 7 Months of 2026) USD 744.41 Billion Up 24.7% year-on-year The scale of merchandise trade and investment capital highlights the vital economic linkage between East Asia and Southeast Asia. However, assessing actual freight demand requires a granular evaluation of specific commodity structures, export-import markets, and active transport corridors. 2. Direct Impacts on Transport Networks and Logistics Infrastructure Expanding trade volumes underscore the critical role of regional transport connections. Depending on industry-specific cargo characteristics and delivery requirements, flexible logistics solutions are being actively deployed: Intra-Asia Ocean Freight Connections: For multi-leg shipments, vessel schedule reliability, transit times, and feeder network connectivity are pivotal factors for supply chain managers. Major gateway hubs such as Shanghai, Ningbo, Busan, and Yokohama maintain dense feeder linkages with Southeast Asian ports within ocean carrier networks Integrated Logistics and Multimodal Transport: Depending on lead-time sensitivity, combining ocean freight, Cross-Border Trucking, and inland warehousing offers expanded routing options. Real-world operational efficiency hinges heavily on border crossing clearance times, transit schedules, and the coordination capability of the logistics operator Rules of Origin (C/O) and Customs Compliance: When leveraging Free Trade Agreements such as RCEP, AKFTA, or AJCEP, enterprises must accurately determine rules of origin and prepare compliant documentation to qualify for preferential tariffs. Duty exemption eligibility depends on the specific conditions of each product line and destination market 3. Monitoring Southeast Asian Trade Dynamics and Logistics Connectivity Expanding trade and investment flows reflect an increasingly integrated economic relationship between East Asia and Southeast Asia. This growth in cross-border trade creates momentum for expanding logistics connectivity, helping strengthen supply chain coverage across the region.   Contact Vantage Logistics for tailored transport solutions and competitive quotations. Please provide details on cargo type, market, origin, destination, and estimated timeline. Vantage Logistics Corp – South East Asia (S.E.A) Logistics Provider One-Stop Shop For Integrated Logistics Services Head Office Viet Nam – Suite 6.01, Floor 6th, Block A, RiverGate Residence, 151-155 Ben Van Don, Khanh Hoi Ward, HCMC, Viet Nam Branch Thailand, Laos, Cambodia, Malaysia, Indonesia, Singapore Contact Us Email in**@*****om.vn Hotline +84-909-026-261 Website https://vantage-logistics.com Send your shipment enquiry today and receive a tailored transport plan from the Vantage Logistics team.

15/10/2026

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Market updates

SINGAPORE STRENGTHENS PRODUCT SAFETY CONTROLS: WHAT VIETNAMESE EXPORTERS NEED TO KNOW

Singapore is strengthening its product safety controls through two key regulations: the Consumer Protection (Safety Requirements) Regulations (CPSR) and the Consumer Goods (Safety Requirements) Regulations (CGSR). For exporters, these requirements go beyond product compliance. They can also affect delivery schedules, logistics costs, and supply chain reliability. 1. Singapore Strengthens Product Safety Requirements According to information published by Vietnam’s Ministry of Industry and Trade, Singapore applies two main regulatory frameworks for product safety. – CPSR: Covers 33 categories of controlled goods, including electrical and electronic products, household appliances, and gas appliances. Products within scope must meet applicable safety requirements, complete registration, and carry the SAFETY Mark before being supplied or sold in Singapore. – CGSR: Covers general consumer goods such as toys, clothing, furniture, and sports equipment, which must comply with the relevant safety standards. Non-compliant products may be subject to sales restrictions or recalls. Businesses that violate applicable requirements may also face penalties. For exporters, checking compliance requirements before shipment is essential. Addressing documentation or registration issues early can help avoid costly adjustments after cargo has already left the port of origin. 2. Potential Impact on Southeast Asia’s Trade and Logistics Singapore plays an important role in Southeast Asia’s trade and logistics network. Tighter product safety controls may require exporters, importers, and distributors to review their procedures for placing goods on the Singapore market. Several potential risks deserve attention: – Delivery delays: Incomplete documentation or missing certificates may affect cargo acceptance and delivery schedules. – Additional logistics costs: Delays in resolving compliance issues may lead to storage, port handling, or additional transportation costs. – Disrupted distribution plans: Late deliveries can affect inventory planning, distribution schedules, and commitments to business partners. These requirements do not automatically apply across all ASEAN markets. However, they highlight the importance of understanding the specific regulations of each destination country when planning regional trade and distribution. 3. What Should Vietnamese Exporters Prepare? For Vietnamese businesses exporting to Singapore, compliance checks should take place before shipment arrangements are finalized. Exporters should determine whether their products fall under CPSR or CGSR, verify the applicable safety standards and registration requirements, and clarify responsibilities with their Singaporean importers. Documentation preparation should also be factored into the shipping schedule. If an issue is discovered only after cargo arrives at the destination port, businesses may need to manage several challenges simultaneously, including delivery delays, additional costs, and changes to distribution plans. A reliable shipping plan therefore involves more than selecting the right route or sailing schedule. It also requires anticipating potential obstacles before the cargo reaches its destination. 4. Managing Risks Through Early Planning Not every risk in international shipping can be eliminated, but many disruptions can be reduced through early preparation. Reviewing cargo information, documentation, shipping schedules, and destination requirements helps all parties make better-informed decisions. For shipments to Singapore, close coordination among exporters, importers, agents, and logistics providers helps maintain visibility over shipment readiness, address changes, and adjust plans when necessary. At Vantage Logistics, international transportation planning takes into account the practical requirements of each shipment and the coordination needed among relevant parties. This approach helps businesses manage potential disruptions and maintain better control over delivery schedules. As market requirements evolve, careful preparation does more than protect an individual shipment. It also helps businesses maintain reliable supply chains and build lasting partnerships across international markets.

15/10/2026

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Market updates

The Port of Baltimore Suspended operations after the Bridge collapse, which may affect the supply chain and increase in shipping rates to the United States

Baltimore port is one of the major import and export hubs on the East Coast of the US facing paralysis due to the suspension of operations after an accident with a series of trucks and container ships stuck. In the early morning of March 26, 2024, the container ship DALI (being operated by Maersk) departed from the port of Baltimore, Maryland (USA) to Colombo, Sri Lanka, but had trouble with the engine, completely lost power and stalled, leading to loss of control and crashing into the abutment of the Francis Scott Key bridge, Baltimore, causing serious consequences. Baltimore port is facing paralysis due to suspension of operations after an accident with a series of trucks and container ships stuck. Mister Larry Hogan – Maryland’s governor has declared a state of emergency and is deploying federal resources to handle the situation. Baltimore port is one of the major import and export hubs on the East Coast of the US, so this incident is expected to create disruptions in the transportation of goods and could affect the supply chain of goods across the United States. While neighboring ports may be able to assist, capacity issues could cause supply chain difficulties. According to the update, major shipping lines such as MSC, MSK, ZIM, and CMA have temporarily stopped receiving goods at Baltimore port and proposed to use alternative ports such as New York or Norfolk. These decisions lead to increased ship freight prices, due to disruptions in the supply chain. Recently some shipping lines have announced an increase in freight rates for the first half of April about $200-500/box. Vantage will support our customers who were impacted by this lamentable incident in planning and booking alternative transportation and routes. We will keep you informed as the situation develops....

29/03/2024

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Market updates

Two major bottlenecks and the risk of imbalance in the global supply chain

The imbalance in the logistics supply chain may lead to difficulties for cargo owner when facing with rising transportation costs in both inbound materials for production and outbound finished products to foreign markets. Houthi rebels have attacked on cargo vessels passing through the Suez Canal (connecting the Mediterranean with the Red Sea) since November 2023 is the first main bottleneck in the supply chain of the Asia-Europe corridor. To avoid the risk of being attacked, most shipping lines including MSC, CMA, Maersk, ONE, Evergreen, Hapag-Lloyd, and so on …have changed their routes to go pass Africa’s Cape of Good Hope with longer transit time (about 10-15 days compared to the Suez Canal transit schedule) and higher transportation cost (on some routes, ocean freight rates have been increased sharply by 100 – 300%). Vessels passing through the Suez Canal. (Collected image) The second major bottleneck is the limitation of vessels passing the Panama Canal currently. In October 2023, this artificial canal connecting the Pacific and Atlantic Oceans encountered a severe drought although dry season in Panama is usually from December to April of the following year. The Asia – East Coast US corridor is facing the risk of disruption when vessels passing here have to wait for many days. Due to the drought, since November 2023, the number of vessels passing through the canal has been cut from 32 vessels/ day to 24 vessels/ day, and will only be 18 vessels/ day from February 1, 2024 (Source: https://pancanal.com/). Vessels passing through the Panama Canal. (Collected image) The risk of blockage in both the Suez and Panama canals at the same time seriously affects the international supply chain in both the Asia-Europe and Asia-North America corridors. The change in longer shipping routes will lead to an imbalance of empty containers for export markets in Asia in the short term (in the next few weeks) due to returned vessels being severely late compared to the original schedule. That leads to a shortage of empty container supply for shippers in the coming periods. In addition, some shipping lines are likely to shift vessels from the less affected markets to the European, and USA markets to meet these regions’ cargo transport needs. The possibility of shifting vessels from Asia through the East Coast (USA) to the West Coast (USA) will cause a shortage of transport supply capacity for the East Coast, USA. The imbalance in the logistics supply chain may lead to difficulties for cargo owners when facing rising transportation costs in both inbound materials for production and outbound finished products to foreign markets. To promptly respond to the above situation, almost all shipping lines and logistics providers are looking for alternative routes, and solutions to limit the impact and disruption of the global supply chain. At Vantage, we find and update alternative routes of shipping lines invariably to our customers with more choices at commitment: always accompany customers and partners in overcoming arduous and volatile periods of the transportation market. We are always ready to listen and solve your logistics needs. Hotline: +84 909 026 261, Email: in**@*****om.vn...

08/01/2024

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Vantage News

Vantage Logistics accompanies the Viet Nam Off-road Racing Team at the Rainforest Challenge (RFC) Malaysia in December 2023

The official companion for the Viet Nam team, Vantage Logistics not only handles customs procedures for import and export and transportation for the participating vehicles but also possesses the capability to manage all forms of cargo import and export Success on the racetrack not only comes from the talent of the racers but also stems from the efforts of numerous individuals in the logistical support for each racing team. There is no other sport where logistical support is significant support like racing. In just a few short days at the end of November 2023, the Vantage team tried to provide a quick and optimal solution and worked closely with relevant parties to complete the procedures for the exportation and transportation of the racing vehicles, support vehicles, equipment, and accessories to ensure Team Vietnam’s timely arrival ahead of the competition in Malaysia.” The official companion for the Viet Nam team, Vantage Logistics not only handles customs procedures for import and export and transportation for the participating vehicles but also possesses the capability to manage all forms of cargo import and export. Additionally, we are committed to providing comprehensive advice on compliance solutions, consistently striving for our clients’ success. We are ready to collaborate with relevant authorities to offer flexible and tailored procedural solutions that align with the practical business situations of each enterprise. Rainforest Challenge (RFC) in Malaysia is the largest off-road racing competition in the region (RFC is in the TOP 5 toughest off-road races in the world). Held annually in December, the competition attracts numerous racing teams from typical countries such as Australia, Austria, Russia, Singapore, China, Thailand, Malaysia… Vantage Logistics contributes its part to support the passion for racing in Viet Nam. This project marks an important step forward for Viet Nam in the field of motorsports and the nation. Rainforest Challenge 2023 had extremely attractive performances. Viet Nam team faced difficult terrain and achieved remarkable achievements in the international arena of a new sports adventure of people full of passion and enthusiasm. Partial images from the Rainforest Challenge...

13/12/2023

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Vantage Events

Vantage Logistics participated in the 33rd annual Congress of the AFFA – ASEAN Federation of Forwarders Associations in Phnom Penh, Cambodia

Vantage Logistics contributes to promoting the development of Southeast Asia’s logistics industry On December 2, 2023, at NagaWorld Hotel, Phnom Penh (Cambodia), the AFFA – ASEAN Federation of Forwarders Associations organized 33rd annual meeting. Vantage Logistics Corp who is a logistics company with more than 21 years of experience providing a variety of international transportation services, an integrated chain of comprehensive logistics services that bring many benefits to businesses, participated in this congress. To connect to create opportunities to promote logistics development in Viet Nam and the region. Closely linked together and connect logistics within ASEAN to especially bring Viet Nam and Southeast Asian products to global. The 33rd annual Congress of the AFFA-ASEAN provided an important forum for members and participants. This is an opportunity for Vantage Logistics to meet to discuss and strengthen cooperation between the government and logistics businesses in the region. To jointly contribute to the development of the logistics industry, improve the efficiency of the supply chain and increase competitiveness, increase attractiveness to investors, create jobs, and promote the integration process into the region and the world....

11/12/2023

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Vantage News

Handle 1000 CBMs airfreight of furniture export to US in June 2023.

Current low global economy does bad effect on logistics market, especially airfreight transportation, and Vietnam is of no exception. Yet Vantage is still able to achieve a remarkable growth at 44% volume of air cargo transportation compared to the same period in 2022, of which, furniture holds the highest proportion. Current low global economy does bad effect on logistics market, especially airfreight transportation, and Vietnam is of no exception. Data from Vietnam Civil Aviation Authority showed that the airfreight volume of fist half-2023 was only 70% of same period of 2022. Yet Vantage is still able to achieve a remarkable growth at 44% volume of air cargo transportation compared to the same period in 2022, of which, furniture holds the highest proportion. Only in June 2023, and only from Viet Nam to USA, Vantage handled 1000 CBMs. With our passionate and dedicated customer service spirit, we put ourselves in their shoes to understand that in this low economy situation, cost is the priority now for client to win their business and succeed and we provide optimized and cost-saving solution for all chain in logistics   Our 20+ years of experience helps us to identify the challenges in each step of the delivery, from domestic pick up (some factory is 800 kms away from the airport), customs procedure, cut-off time… So we set up a detailed plan for each shipment and monitor closely each step, no matter it is few kilos to thousand of CBM. We assign a special team of experienced members on duty 24/7 during the shipping period to ensure smooth and safety. With airlines partners, we have always proved ourselves an efficient and reputable agent, esteeming each allocation space they provide, and committing to our plan so we have earned their trust and support. Therefore, this time we were fully supported from our airlines partner and were able to secure good space and freight for the shipments. What we achieve after each shipment is not only “another safely delivery” but also the increased binding of our team work, our passionate to client and business. Our Vantage team is grateful for the trust and support from our clients and partners, which allow us to add more beautiful pieces in the transportation industry in general, and the aviation transportation from Viet Nam to the world in particular...

24/07/2023

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Market updates

Summary of Viet Nam Seaport System Capacity 2022

The recent Vietnamese seaport system has been focused on investment with the current scale and technology that reaches internationally, especially the container port system (02 seaports of Viet Nam, Hai Phong, and Ho Chi Minh City are in the top 50 largest container ports worldwide). 1. Viet Nam’s seaport infrastructure As of June 2022, Vietnam’s seaport system currently has 286 ports, distributed in 5 groups of seaports, with a total length of more than 96 km, and infrastructure to meet the throughput of more than 706 million tons per year in 2021. Established gateway ports combining international transshipment in the North and the South; successfully received container ships up to 132,000 DWT at Lach Huyen Wharf (Hai Phong), up to 214,000 DWT at Cai Mep Wharf (Ba Ria – Vung Tau). Table 1: Summary of the current capacity of the Vietnam Port System – Source: Vietnam Maritime Administration (06/2022) Most ports associated with centers and large economic regions of the country have formed large seaports as a focal point for import and export of goods and created motivation to develop the whole region such as: Quang Ninh and Hai Phong associated with the Northern key economic region; Nghi Son, Ha Tinh, Thua Thien – Hue, Da Nang, Quang Ngai, and Quy Nhon associated with the key economic region of the Central region; Khanh Hoa, Ba Ria – Vung Tau, TP. Ho Chi Minh City and Dong Nai associated with the economic zone of the Southeast; Can Tho, Long An, and An Giang associated with the key economic region of the Mekong Delta. 2. Scale and quality of Viet Nam seaport The recent Vietnamese seaport system has been focused on investment with the current scale and technology that reaches internationally, especially the container port system (02 seaports of Viet Nam, Hai Phong, and Ho Chi Minh City are in the top 50 largest container ports worldwide). In 2021, the total amount of goods passed through Viet Nam seaport reached 706.13 million tons, up 2% compared to 2020 in the context of the impact of Covid-19. In particular, exports reached 185.1 million tons, up 4.4%; Domestic goods reached 305.8 million tons, up 6.3%. Particularly container goods reached nearly 24 million TEU, up 7% compared to the previous year. In particular, the volume of goods imported and exported by international transportation of Vietnam’s shipping fleet ship fleet reached a growth rate of 54% (nearly 5 million tons) compared to 2020. The main items of transport on maritime routes travel China, Japan, Korea, Southeast Asia, and some European routes. The volume of goods passed through the seaport in 9 months of 2022 reached 550,2 million tons, up 3.6% over the same period in 2021. Of which export goods reached 134.3 million tons, domestic goods reached 257.5. million tons. Particularly container goods reached 18.9 million TEU, up 2.3% over the same period in 2021. Regarding shipping routes, Vietnam has established 32 routes, of which 25 international transport routes and 7 transport routes Inland, in addition to the inner levels of Asia, the Northern region has exploited two routes to North America; The South has formed 16 train routes away from North America and Europe superior to Southeast Asian countries (only after Malaysia and Singapore). Map 2: Scale of Viet Nam seaport 4. Objectives to 2030 a.       About capacity: Satisfy import-export demand of goods, trade between regions throughout the country, and transshipment and transit goods for countries in the region, as well as domestic and international. The seaport system can handle goods from 1,140 to 1,423 million tons (of which container cargo is from 38 to 47 million TEUs). b.      About infrastructure: Priority is given to the development of international gateway ports, Lach Huyen (Hai Phong), Cai Mep (Ba Ria – Vung Tau). Studying appropriate mechanisms and policies to gradually develop an international transshipment port at Van Phong (Khanh Hoa) to exploit the potential of natural conditions and geographical location. Planning on development orientation of Tran De port (Soc Trang) serving the Mekong Delta so that investment can be deployed when conditions are met; large-scale seaports serving socio-economic development of the whole country or inter-region; large-scale ports serving economic zones and industrial zones; ports in island districts to serve socio-economic development in association with national defense and security and sovereignty over sea and islands. Accordingly, by 2030, according to scale and function, Vietnam’s seaport system will include 5 groups of seaports with 36 seaports, 02 special seaports (Hai Phong, Ba Ria – Vung Tau), 15 seaports of class-I, 06 seaports of class-II, 13 seaports of class-III are expected to meet the throughput of about 1,14 – 1,42 billion tons. In which, the seaports of Thanh Hoa, Da Nang, Khanh Hoa and Soc Trang have the potential to become special seaport.  Map 4.0 of seaport planning 2022-2030 Regarding the orientation of connecting traffic infrastructure, developing railway lines connecting with special-class seaports and class-I seaports on the North-South corridor; to form wharves for inland waterway vessels in seaport waters; highway system connecting with special seaports, national highway system, local roads directly connecting to seaport system. To develop inland ports in economic zones and economic corridors, giving priority to planning locations with favorable connections by inland waterway transport, river and sea transport, expressway, railway to important seaports in the group of seaports Source Vietnam Maritime Administration & Ministry of Industry and Trade — Vantage Logistics provides an integrated chain of comprehensive logistics services: ·         International freight (Sea + Air) ·         Integrated logistics for Food – Agricultural Products – Rice – Frozen Seafood ·         Shipping agency / NVOCC ·         Customs service ·         Warehousing & distribution ·         E-commerce logistics ·         Consulting & Assistance for promoting Viet Nam products to global market Vantage Logistics Corp Phone: +84-28-38267312 – Fax: +84-28-38267313 24/7 Customer service: +84 909 026 261 Website: www.vantage-logistics.com.vn Email: in**@*****om.vn Head Office: 06.01, Tower A, Rivergate, 151-155 Ben Van Don, District 4, HCMC, Viet Nam...

17/03/2023

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Market updates

Viet Nam’s export and import 2022

In 2022, Vietnam’s merchandise trade with Asia will reach 475,29 billion USD, up 9,6% compared to 2021, continuing to account for the highest proportion (65,1%) in the total value—import and export of the country. 1.      Overview: In 2022, the total import-export value of Vietnam’s goods reached 730,2 billion USD, up 9,1% (equivalent to 61.2 billion USD) compared to 2021. The export value is 371,3 billion USD, up 10,5%, corresponding to 35,14 billion USD increase over the previous year; import value was 358,9 billion USD, up 7,8%, equivalent to 26,06 billion USD. The balance of trade in goods for the whole year 2022 reached 12,4 billion USD, The General Department of Customs recorded the total import and export value of foreign direct investment (FDI) enterprises in 2022 to USD 506.83 billion, up 9,3% (equivalent to USD 43,22 billion) compared to 2021. The export of goods of FDI enterprises in 2022 of FDI enterprises to USD 273,63 billion, an increase of 11,6% (equivalent to an increase of USD 28,5 billion) compared to 2021. It accounted for 73,7 % of total export value of the country. 2.       Import-Export Market In 2022, Vietnam’s merchandise trade with Asia reached 475,29 billion USD, up 9.,% compared to 2021, continuing to account for the highest proportion (65,1%) in the total value—import and export of the country. The import-export value between Vietnam and other continents is respectively: the Americas: 153,73 billion USD, up 10,5%; Europe: 75,45 billion USD, up 2,8%; Oceania: 17,62 billion USD, up 24,3% and Africa: 8,1 billion USD, down 3,9% compared to 2021. Chart 1: Import and export value by continent, country and some major markets in 2022 – Source: General Department of Customs 3.       ExportIn 2022, the total export value of Vietnam reached 371.3 billion USD, up 10.5%, corresponding to 35,14 billion USD increase over the previous year. Which, other machinery, equipment, tools, and spare parts increased by 7,43 billion USD; footwear of all kinds increased by 6,15 billion USD; textiles and garments increased by 4,82 billion USD; computers, electronic products, and components increased by 4,74 billion USD; seafood increased by 2,04 billion USD. Chart 2: Top 10 export groups of Vietnam in 2022 – Source: General Department of Customs Some main export commodity groups:– Phones and accessories: For the whole year of 2022, the export of phones and accessories of all kinds and components reached USD 57.99 billion, up 0.8% compared to 2021. In this group of goods exported to the Chinese market reached 16.26 billion USD, up 7.1%; to the US market with a value of 11,88 billion USD, up 22,5%; to the EU reached 6,7 billion USD, down 15,1%; to Korea reached 5,05 billion USD, up 5,3%… compared to the previous year. – Computers, electronic products & components: exports of computers, electronic products, and components to the US reached 15,94 billion USD, up 25% over the previous year; to the Chinese market reached 11,88 billion USD, up 7,3%; to the EU market reached 6,87 billion USD, up 4,7%; to Hong Kong market reached 5,88 billion USD, down 6,7%; to the Korean market reached 3,38 billion USD, down 3,1%… – Machinery, equipment, tools and spare parts: The main export markets of this group of goods are: the US with 20,18 billion USD, up 13,3%; EU reached 5,76 billion USD, up 32,2%; China reached 3,68 billion USD, up 28,3%; Japan reached 2,76 billion USD, up 7,6%; Korea reached 2,73 billion USD, up 7%… compared to 2021. – Textiles and Sewing: In the past year, exports of textiles and garments to the US market reached 17,36 billion USD, up 7,9%; to the EU reached 4,46 billion USD, up 34,7%; Japan reached 4,07 billion USD, up 25,8%; Korea reached 3,31 billion USD, up 12,1%… compared to 2021 – Footwear of all kinds: Export of all kinds of footwear to key markets in 2022 increased sharply. Specifically, exports to key markets such as the United States reached 9,62 billion USD, up 29.6%; EU reached 5,91 billion USD, up 45,3%; China reached 1,71 billion USD, up 7,3%… over the previous year. – Wood and wood products: In the past year, the export of wood and wood products to the US market reached 8,66 billion USD, down 1,3%; to China reached 2,15 billion USD, up 43,8% and Japan reached 1,89 billion USD, up 31,4%… over the previous year. – Seafood products: In the past year, seafood export value to the US reached 2,13 billion USD, up 4% (equivalent to 82 million USD); Japan reached 1,71 billion USD, up 29% (equivalent to 381 million USD); China reached 1,57 billion USD, up 61% (equivalent to 598 million USD) and the EU reached 1,3 billion USD, up 21% (equivalent to 228 million USD) over the previous year. – Iron and steel of all kinds: compared with the previous year, the amount of iron and steel exported in 2022 only reached 8,4 million tons with a value of 7,99 billion USD, down 35,9% in volume and 32,2% in quantity value (equivalent to a decrease of USD 3,8 billion). The amount of iron and steel exports in 2022 is mainly to the following markets: ASEAN with 3.55 million tons, down 7.1%; EU with 1.55 million tons, down 15%; United States with 682 thousand tons, down 35%… compared to the previous year. In particular, the export volume of iron and steel of all kinds to the Chinese market was only 99,2 thousand tons, while the number of exports to this market last year was up to 2,63 million tons. 4. Import The total import value of Vietnam’s goods in 2022 reached 358,9 billion USD, up 7,8% compared to 2021. In which, the biggest increase was in computers, electronic products, and components, up 6,33 billion USD, corresponding to an increase of 8,4%; petrol and oil of all kinds increased by 4,86 billion USD, equivalent to an increase of 118,5%; chemicals increased by 1,5 billion USD, corresponding to an increase of 19,6%; coal increased by 2,69 billion USD, equivalent to 60,2%; crude oil increased by 2,61 billion USD, equivalent to 50,1% increase… Chart 3: 10 commodity groups with the highest import value in 2022 – Source: General Department of Customs Some main groups of imported goods:– Computers, electronic products, and components: In general, the import value of this commodity group in 2022 reached 81.88 billion uSD, up 8,4% over the previous year. Vietnam mainly imported this group of goods from the following markets: China reached 24,06 billion USD, up 9,6%; South Korea reached 23,2 billion USD, up 14,3% and Taiwan reached 11,07 billion USD, up 15,1%… compared to 2021. – Machinery, equipment, tools, and spare parts: The total import value of this group of goods in 2022 is 45,19 billion USD, down 2,4% compared to the previous year. China continues to be the largest market supplying this group of goods to Vietnam in 2022 with a value of 24,29 billion USD, down 2,5%; followed by the Korean market with 6,24 billion USD, up 2,1%; Japan with 4,29 billion USD, down 3,8%… over the previous year. – Phones and components: For the whole year of 2022, the import value of this product group reached 21,13 billion USD, down 1,6% compared to 2021. Korea is the largest market supplying these two groups of goods to Vietnam in 2022 with a value of 11,49 billion USD, up 7,1%; followed by the Chinese market with nearly 8,06 billion USD, down 12,7%; Taiwan with 414 million USD, up 13,9% compared to 2021. – CBU cars of all kinds: In 2022, the number of imported CBU cars of all kinds is 173,467 units, an increase of 8,5% compared to the previous year. In 2022, CBU cars of all kinds imported to Vietnam are mainly cars with 9 seats or less with 144,912 units, up 32,1%, corresponding to an increase of 35,185 units; followed by trucks with 17,967 units, down 48,3%, corresponding to a decrease of 16,813 units; Other cars were 9,752 units, down 34,9%, corresponding to a decrease of 5,237 units compared to 2021. Particularly for cars with 9 seats, in 2022, Vietnam only imported 836 units. CBU cars of all kinds imported to Vietnam in 2022 are mainly from Thailand and Indonesia, accounting for 75% of the country’s total imports. In which: 72,671 units imported from Indonesia, up 64,2%; imports from Thailand were 72,032 units, down 10.9% compared to 2021. – Petroleum of all kinds: Import volume in 2022 is 8,87 million tons with a value of 8,97 billion USD, a sharp increase of 27,7% in volume and an increase of 118,5% (corresponding to an increase of 4,86 billion USD) in absolute terms compared to 2021. In which, imported diesel oil reached 4.74 million tons, increased by 1.5% and accounted for 54% of imported petrol and oil of the whole country; imported gasoline volume reached 1.7 million tons, increased 2.3 times and accounted for 21%; imported jet fuel reached 1.46 million tons, increased 2,2 times and accounted for 16% of the country’s petroleum imports. The amount of petroleum imported into Vietnam in 2022, mainly from South Korea, is 3,22 million tons, up 96,3%; Singapore was 1,49 million tons, up 17,7% while imports from Malaysia were 1,42 million tons, down 37,7%… – Iron and steel of all kinds: In 2022, iron and steel imports reached 11.68 million tons, down 5.6% but worth 11.92 billion USD, up 3% over the previous year. The volume decreased but the value increased mainly because the unit price of iron and steel imports in the past year increased by 9,2% compared to 2021 (equivalent to an increase of nearly 86 USD/ton). Vietnam mainly imported iron and steel from the following markets: Japan reached 1,91 million tons, up 1,3%, South Korea reached 1,23 million tons, down 17,7% compared to 2021. volume reached 5,1 million tons, up nearly 2%, For the Chinese market, Vietnam’s iron and steel imports from this market in 2022 reached 5,1 million tons, up nearly 2% over the previous year. Meanwhile, iron and steel exports to this market decreased sharply, reaching only 991 thousand tons, down 96,2% compared to 2021. Source: General Department of Customs — Vantage Logistics provides an integrated chain of comprehensive logistics services: ·         International freight (Sea + Air) ·         Integrated logistics for Food – Agricultural Products – Rice – Frozen Seafood ·         Shipping agency / NVOCC ·         Customs service ·         Warehousing & distribution ·         E-commerce logistics ·         Consulting & Assistance for promoting Viet Nam products to global market Vantage Logistics Corp Phone: +84-28-38267312 – Fax: +84-28-38267313 Website: www.vantage-logistics.com.vn Email: in**@*****om.vn Address: Room 06.01, Tower A, Rivergate, 151-155 Ben Van Don, District 4, HCMC, Viet Nam...

15/03/2023

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Vantage Events

Vantage Logistics participates in the matchmaking of industry resources in the 12th Global Freight Forwarders Conference 2023 – JC Trans

Vantage Logistics participates in connecting and negotiating about the development trends of the industry and negotiating for win-win cooperation between freight forwarding companies. Expanding business activities in many countries with the desire to bring optimal transportation solutions and promote investment opportunities. Global Freight Forwarders Conference 2023 is one of the influential high-end conferences in the freight industry. The conference is organized by JCTrans Logistics Network and took place from February 27 to March 1, 2023, in Pattaya Exhibition and Convention Hall (PEACH), Pattaya, Thailand. The 12th Global Freight Forwarders Conference 2023   At present, JC Trans has become the largest logistics industry platform accumulating resources from global logistics providers, trading companies, and others related to the industry. Global Freight Forwarders Conference provides a better opportunity for the industry and builds a platform for win-win co-operations between freight companies, which attracts more than a thousand senior executives from over 100 countries on 5 continents to attend. One-on-one effective negotiation   Vantage Logistics participates in connecting and negotiating about the development trends of the industry and negotiating for win-win cooperation between freight forwarding companies. Expanding business activities in many countries with the desire to bring optimal transportation solutions and promote investment opportunities. High-level leader of Vantage Logistics at the Conference In order to promote the development of more professional logistics services, brings many benefits to businesses not only in terms of time. But also, help businesses optimize costs. Strengthening support for businesses that products exported from Viet Nam to the Global.   Vantage Logistics is a leading company in providing professional multimodal transport services from air and sea freight to solutions to logistics for customers. Comprehensive logistics services: Project: A leading provider of freight service for heavy lift break-bulk and project cargo Dangerous Goods: a company with excellent capacity in handling dangerous cargo Logistics Services: a one-stop-shop logistics supply chain solution. Vantage Logistics Corp. Phone: +84-28-38267312 – Fax: +84-28-38267313 Website: www.vantage-logistics.com.vn Email: in**@*****om.vn Address: Room 06.01, Tower A, Rivergate, 151-155 Ben Van Don, District 4, HCMC      ...

03/03/2023

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Vantage Events

Vantage Logistics participates in the global conference of the World Cargo Alliance – WCA 2023

The conference welcomed more than 4,000 delegates from all over the world, and Vietnamese business representatives participated in seeking cooperation opportunities, creating more than 300,000 B2B meetings. WCA 2023 took place from February 18-24, 2023, at the Sands Expo Convention Center Singapore (Sands Expo Convention Center Singapore), representatives of Vantage Logistics (VLC) attended the conference with the opportunity to expand the market for Vietnamese logistics enterprises Representative of Vantage Logistics   The conference welcomed more than 4,000 delegates from all over the world, and Vietnamese business representatives participated in seeking cooperation opportunities, creating more than 300,000 B2B meetings. VLC’s participation in WCA creates many opportunities to connect to expand the agency network, connect and find new partners, markets, and build more specialized services. To diversify services provided. We focus on promoting Vietnam’s logistics industry to reach the world level, developing logistics service packages that bring benefits to businesses not only in terms of time but also cost and competitiveness, to export Viet Nam cargo to Global market. We provide an integrated chain of comprehensive logistics services: International freight (Sea + Air) Integrated logistics for Food – Agricultural Products – Rice – Frozen Seafood Shipping agency / NVOCC Customs service Warehousing & distribution E-commerce logistics Consulting & Assistance for promoting Viet Nam products to global market \ Vantage Logistics Corp. Phone: +84-28-38267312 – Fax: +84-28-38267313 Website: www.vantage-logistics.com.vn Email: in**@*****om.vn Address: Room 06.01, Tower A, Rivergate, 151-155 Ben Van Don, District 4, HCMC  ...

27/02/2023

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