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Southeast Asia Supply Chain

Hai Phong cuts logistics costs amid $36.8B export surge

Hải province aggressively pursues strategies to reduce elevated logistics expenses for its exporters These measures involve strengthening connectivity among manufacturers within industrial zone key stakeholders including major seaports international shipping lines In just seven months of 2024 recorded an estimated export value $368 billion substantial increase 10% compared same period last year Cargo throughput local ports reached approximately 11536 million tonnes reflecting robust annual growth rate 1165%. This massive expansion continuous demands regional supply network Beyond physical infrastructure capacity variables freight rates transit times vessel schedules storage durations port handling efficiency directly influence operational effectiveness.

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Hai Phong cuts logistics costs amid $36.8B export surge

According to baodautu.vn,

Hải Phòng province in Vietnam is aggressively pursuing strategies to reduce elevated logistics expenses for its exporters. These measures involve strengthening connectivity among manufacturers within the industrial zone and key stakeholders including major seaports and international shipping lines.

Rapid Export Growth Drives Infrastructure Demands

In just seven months of 2024, Hải Phòng recorded an estimated export value of $36.8 billion. This represents a substantial increase of 10% compared to the same period last year.

Cargo throughput at local ports reached approximately 115.36 million tonnes, reflecting a robust annual growth rate of 11.65%.

This massive expansion places continuous demands on the regional supply network. Beyond physical infrastructure capacity variables such as freight rates transit times vessel schedules storage durations port handling efficiency directly influence operational effectiveness.

"Speed reliability connectivity transparency are decisive factors determining competitiveness."

Fan-out Costs Identified by Major Manufacturers

Manufacturers operating locally emphasize that elevated service charges remain a bottleneck against global competitiveness.

"Logistics costs remain a bottleneck against global competitiveness… further support import-export activities."

"We must measure where costs are generated"

Digital Connectivity Optimizes Transports Routes

To address these challenges authorities are prioritizing data integration across multiple transport modes.

"We are investing in Smart TOS systems to increase data connectivity between ports depots shipping lines and partners."

"
Hải Phòng holds a strategic position within northern production networks.
Deep-water facilities handle large container vessels while direct links connect international routes."

  • Highway networks ensuring overland cargo movement.
  • Cát Bi International Airport facilitating air freight destinations.
  • Inland waterways supporting barge transportation destinations.
  • Railway connections linking Lào Cai Hanoi destinations via standard gauge tracks destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations destinations

Vietnam Maritime Corporation further suggested utilizing the planned Bình Lục Canal to link Quảng Tây China with Hải Phòng. Once operational this route will significantly reduce overland distances enabling faster transshipment into deeper inland markets further south.

Source: baodautu.vn

Compiled from international media by the SCI.AI editorial team.

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