Red River Delta attracts logistics investment
Major facilities
The Red River Delta, one of the country’s six socioeconomic regions, consists of 11 centrally governed provinces and cities: Hanoi, Hai Phong, Hai Duong, Bac Ninh, Vinh Phuc, Hung Yen, Thai Binh, Nam Dinh, Ha Nam, Ninh Binh and Quang Ninh.
According to the Ministry of Industry and Trade, Vietnam has 75 logistics centers in 16 among 63 provinces and cities nationwide, of which 26 are located in the Red River Delta, accounting for nearly 35 percent of the total.
The Hai Phong-Ha Long expressway is an important link connecting three growth poles of the Hanoi-Hai Phong-Quang Ninh economic triangle, facilitating the transportation of goods and creating impetus for logistics service development.
Major logistics facilities in the Red River Delta include the nearly-100ha Thanh Dat Inland Container Depot (ICD) in the city of Mong Cai, Quang Ninh Province; the logistics center of the 27.3ha Hoanh Mo-Dong Van border-crossing economic zone in Binh Lieu District; Quang Ninh Province also has warehousing and loading/unloading areas totaling 571,466sq.m catering for temporary frozen food imports and re-exports.
Border-crossing economic zones in Quang Ninh Province have 32 warehousing facilities to store frozen food and 19 bonded warehouses, each covering at least 5,000sq.m (two in the city of Ha Long and 17 in the city of Mong Cai). The capital Hanoi has warehousing facilities catering for import-export activities at the two ICDs of My Dinh and Gia Lam (the Gia Lam ICD has been in use since 1996).
The city of Hai Phong has 38 ports, of which Nam Dinh Vu is modernly equipped and capable of receiving vessels with total capacity of 500,000 TEU per year.
Bright future
Piyush Rathore, General Director of the Transworld QBV ICD Joint Stock Company, said that while the logistics market in the south has almost reached its saturation point, he sees prospects of a bright future in the north.
The northern region borders China, and the expanding trade in goods between the two markets offers promising potential for the northern logistics market.
“We encounter no difficulties operating in Vietnam. The Vietnamese government has created favorable conditions for business development. We will continue contributing to the growth of the Vietnamese logistics sector,” said Piyush Rathore.
Nguyen Thanh Phuong, General Director of the Sao Do Group, said the group is investing in the 1,329ha Nam Dinh Vu Industrial Park, which consists of functional areas, a seaport and port logistics area, a non-tarrif area and an oil, gas and liquid goods port - all offering a promising business and investment environment. Notably, Nam Dinh Vu Port is an important link of the logistics chain of the entire Hai Phong-Hanoi-Quang Ninh marine economic corridor.
Aware of the high demand for e-commerce logistics services, companies have invested in modern logistics centers, such as the nearly-13ha Hateco Logistics Center in Hanoi’s Sai Dong Industrial Park.
Applying Industry 4.0 technology, Hateco Logistics is being developed as an integrated logistics center for e-commerce and express forwarding, providing import-export companies with customs clearance services.
According to the MoIT, the Red River Delta should prioritize logistics development and consider it an important factor for rapid and sustainable growth. |
See also
PM orders acceleration of public investment disbursement for 2024
11:51 | 10/07/2024 Domestic investment
Joint efforts needed to speed up public investment
06:00 | 06/01/2024 Domestic investment
Public investment: Key to growth
06:00 | 21/09/2023 Domestic investment
Public investment disbursement crucial for recovery
06:00 | 03/08/2023 Domestic investment
Initiative speeds up investment disbursement
06:00 | 14/03/2023 Domestic investment
Hanoi, HCM City record highest disbursement of public investment capital in January
08:20 | 07/02/2023 Domestic investment
See more news
Son La Province enhances capital disbursement
13:00 | 24/09/2022 Domestic investment
Officials urge greater state investment in industry promotion
14:00 | 10/06/2022 Domestic investment
Hau Giang Province expands industrial zones to meet demand
13:00 | 26/04/2022 Domestic investment
Craft village development facilitated
09:00 | 25/04/2022 Domestic investment
MoU signed to foster Vietnam-Canada cooperation in science, technology
17:04 | 25/11/2024 Science - Technology
First Vietnamese scientist named at UK’s TechWomen 100 Awards
17:00 | 25/11/2024 Science - Technology
Vietnamese, Bulgarian Presidents hold talks in Hanoi
16:59 | 25/11/2024 News and Events
Ninh Bình looks to capture Japanese tourism market
16:56 | 25/11/2024 Tourism
Cần Thơ City to host HCM City, Mekong Delta tourism, trade event
16:52 | 25/11/2024 Tourism
Multimedia
Banning motorbikes - a complex issue
09:32 | 24/11/2024 Society
Strengthening Vietnam-Cambodia friendship and cooperation
09:00 | 22/11/2024 Infographic
Vietnam - Malaysia Strategic Partnership
10:54 | 21/11/2024 Infographic
Vietnam, Dominican Republic strengthening cooperation
08:45 | 20/11/2024 Infographic
Vietnam - Brazil strategic partnership
10:26 | 19/11/2024 Infographic
Party Central Committee concludes 13th Conference with major resolutions for reform and national development
16:37 | 25/11/2024 Policy
New decree on using telecommunications accounts for payment proposed
09:29 | 22/11/2024 Policy
Parliament approves amendments to pharmacy law
08:54 | 22/11/2024 Policy
VAT tax reduction should continue until mid-2025: Ministry
17:15 | 21/11/2024 Policy
Huge potential for VN, UK to boost cooperation in clean energy
15:29 | 25/11/2024 Energy
Vietnam’s automotive supporting industry: A bright future ahead, riding the wave of growth
20:42 | 22/11/2024 Industry
VN's food processing industry struggles to improve quality and value chain integration
11:36 | 22/11/2024 Industry
Tra fish sector aiming for production, processing greening for sustainable development
15:38 | 20/11/2024 Industry
Japanese retailer Aeon to break ground on 4th shopping mall in Northern Vietnam
15:54 | 25/11/2024 Investment
Thai packaging giant takes 30-year lease for largest ready-built factory in Tay Ninh
16:58 | 22/11/2024 Investment
Workshop seeks ways to attract Japan’s green investment to Vietnam
09:43 | 20/11/2024 Investment
Government approves investment policy to build Cam Lien Industrial Park in Quang Binh
16:57 | 18/11/2024 Investment
Promoting credit for key agricultural sectors in Mekong Delta
11:11 | 25/11/2024 Finance-Banking
HDBank wins three awards at Vietnam Listed Company Awards 2024
10:53 | 21/11/2024 Finance-Banking
VIB, Flywire partner to streamline cross-border payments for students from Vietnam
16:46 | 18/11/2024 Finance-Banking
Vietcombank issues 2 trillion VND worth of green bonds for first time
18:55 | 16/11/2024 Finance-Banking
Businesses support Vietnam’s net zero target
16:18 | 25/11/2024 Environment
Prolonged rainfall and landslides disrupt life in central region
15:43 | 25/11/2024 Environment
Tough negotiations to prevent Earth’s warming
10:38 | 24/11/2024 Environment
MoT view on raising emission standards for scooters from 2027
19:46 | 23/11/2024 Environment
MoU signed to foster Vietnam-Canada cooperation in science, technology
17:04 | 25/11/2024 Science - Technology
First Vietnamese scientist named at UK’s TechWomen 100 Awards
17:00 | 25/11/2024 Science - Technology
Vietnam: A global magnet for scientific talent
16:58 | 24/11/2024 Science - Technology
Samsung launches technology talent development programm
09:36 | 24/11/2024 Science - Technology
Việt Nam must gear up for green mobility transition: experts
15:39 | 25/11/2024 Society
iCare+ App launched on App Store to accompany diabetes patients
14:30 | 25/11/2024 Society
Vietnam leads ASEAN in number of students studying in US
14:18 | 25/11/2024 Society
Hà Nội to change to green energy buses by 2035
09:49 | 25/11/2024 Society
The essence of Chuon Ngo Mother-of-Pearl Inlay Village
16:42 | 25/11/2024 Vietnamese Brands
Petrovietnam grows strongly thanks to volatility management
07:29 | 24/11/2024 Companies
Doubling insurance product’s payout significantly benefits customers
16:22 | 22/11/2024 Vietnamese Brands
PJICO: 30 years of development
11:19 | 22/11/2024 Vietnamese Brands
Long An's 2nd Culture, Sports, Tourism Week to kick off in late November
16:49 | 25/11/2024 Culture
Exhibitions in Hà Nội downtown celebrate Heritage Day
13:55 | 23/11/2024 Culture
Vibrant cultural rendezvous in Hanoi
15:30 | 22/11/2024 Lifestyle
Cultural activities celebrate Việt Nam Heritage Day
10:06 | 22/11/2024 Culture
Ninh Bình looks to capture Japanese tourism market
16:56 | 25/11/2024 Tourism
Cần Thơ City to host HCM City, Mekong Delta tourism, trade event
16:52 | 25/11/2024 Tourism
Hanoi promotes craft village tourism
15:30 | 25/11/2024 Tourism
Quang Nam to host UN international conference on rural tourism
09:46 | 24/11/2024 Tourism