It is a joint venture among harbor operator Port of Hai Phong JSC, Sao A D.C Investment JSC from Vietnam and marine transport company Korean Marine Transport Co., Ltd, with registered capital of VND 34.8 billion (USD 1.52 million).

Addressing the launch of the center on March 3, KMCS Director Nguyen Huu Tuong said its establishment marks a new step forward for the three companies as it can leverage on the trio’s strengths to develop a modern and professional logistics services provider that becomes a role model for others.

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Retail sales of goods and services in Hanoi rises by 11.1 percent in February, according to the municipal Department of Industry and Trade.

The center is located at Dinh Vu Industrial Park which houses a large number of factories and stays near Hai Phong’s largest ports, such as Tan Vu and Dinh Vu. Travel to the facility by road is also easy as it is situated near the Hanoi - Hai Phong Expressway and just 3km from Cat Bi International Airport.

General Director of Port of Hai Phong JSC Nguyen Tuong Anh said despite the COVID-19 implications, the volume of cargo through Vietnamese seaports exceeded 700 million tons last year, up 2 percent from the previous year. Container cargos alone reached nearly 24 million TEU, up 6 percent year-on-year, Anh added.

He further noted that the volume of cargo handled by ports in Hai Phong grew by around 10 percent annually.

Hai Phong is striving to become a national hub for logistics services and sea-based economy under the northern city’s logistics services development plan until 2025, with a vision towards 2030. The city will expand the diversity of its logistics services and improve added value of the services on each ton of goods going through local ports.

Source: VNA