The latest logistics news and updates in Vietnam and the outlook for 2021. Don’t miss this chance to get informed and connect with us at info@mplogistics.vn

6. According to the rules of the department, only goods that are not subject to customs
procedures at the border gate (as prescribed in Decision No.23/2019/QD-TTg) and those that
have not submitted an import declaration can be moved to different ports.
Specifically, goods imported by Dong Nai enterprises will be transferred to Tan Cang Long
Binh ICD or Tan Cang Nhon Trach ICD. Those for enterprises in Binh Phuoc will be transported
to Tan Cang Song Than IDC. Meanwhile, goods belonging to enterprises in the western
provinces will be transported to Tan Cang Hiep Phuoc Port.
Currently, the number of imported containers waiting at Cat Lai Port has increased rapidly
because many factories and enterprises have reduced production or stopped working due to
pandemic prevention requirements and are unable to receive or release shipments.
Therefore, Cat Lai Port will temporarily stop receiving imported goods from businesses which
are stopping production. It will only receive ships to take on export goods; and temporarily
suspend receiving cold goods transshipped to containers until the end of August 16.
Shipping lines and shipping agents need to actively persuade customers to adjust destination ports and the place of receiving goods to Tan Cang-Cai Mep
International Port, Tan Cang-Cai Mep Thi Vai Port, or Tan Cang Hiep Phuoc Port.In addition, shipping lines and shipping agents need to submit estimates of
imported containers and empty containers on their ships docking in the system of Saigon Newport in the next two weeks so that they can actively arrange
the yard.
At the same time, Cat Lai Port also temporarily suspended receiving goods that occupy large yards, such as super-long, super-heavy cargo, project
cargo, or oversized, overloaded cargo from August 5.
These measures are effective for 15 days from the date the People's Committee of Ho Chi
Minh City has announced suspending the implementation of Directive 16.

11. Vietnam has perhaps been the luckiest among South East Asian economies.
The country’s goods trade runs to 201% of its GDP, third-highest in the world
after the free-trading ports of Hong Kong and Singapore. Burgeoning
demand for consumer products from locked-down Westerners helped the
country to one of the fastest recoveries in the world, and made it one of the
few economies to expand in 2020. Though the ADB has trimmed its 2021
growth forecast for Vietnam, it is still among the highest in the region, at
5.8%
Vietnam’s exports surged 25.5% year-on-year in the January-July period to
US$185.33 billion, with the foreign-invested sector making up 73.8% of
the total at $136.81 billion, the General Statistics Office (GSO) has said in
a monthly report.
EstimatedGDPGrowthfor
2021
5.8%
ExportSurgeby25.5%y-o-y
toUS$185.33B
Source: the Economist | Hanoi Times

12. S&P raises Vietnam’s outlook to 'Positive'
S&P Global Ratings has maintained
Vietnam’s sovereign credit rating but
raised its outlook from "stable" to
"positive" thanks to the country’s
effective measures to contain Covid-19.
In fact this makes Vietnam the first
country in the world with a "positive"
outlook from all three major credit
ratings companies, the others being
Moody’s and Fitch, since the pandemic
began, according to a statement from
the Ministry of Finance.
The country remains among the top
destinations in Southeast Asia in
attracting foreign direct investment,
with stable exports growth and strong
domestic demand.
The EVFTA, which took effect on
August 1 last year, has given an
impulse to bilateral exportation and
importation, with Vietnam currently
recording trade surplus with the EU.
In the first half of 2021, the country’s
exports to the EU stood at 19.3 billion
USD while imports from this bloc
grew 17.2 percent from a year earlier
to 8.14 billion USD. The import
turnover was 14.65 billion USD in
2020, up 4.3 percent year on year.
The largest EU exporters to Vietnam
consist of Germany, Italy, France, the
Netherlands, Spain, Belgium,
Sweden, and Ireland, which
accounted for 85 percent of the
country’s total imports from the EU
last year.
EVFTA fuels Vietnam’s imports from EU
Computers, electronic products and
components; machinery, equipment,
tools, and spare parts; along with
pharmaceutical products are the
main groups of items with billions-of-
USD imports from the EU. They saw
respective import turnover of 4.1
billion USD, 3.1 billion USD, and 1.75
billion USD last year, according to the
General Department of Vietnam
Customs.
Vietnam currently ranks 17th among
trading partners of and 11th among
exporters to the EU
Source: Ministry of Planning and Investment | VnExpress

15. The number of Apple suppliers in
Vietnam has increased significantly since
2018, strengthening the country's role in
its global supply chain.
Over the past three years, the iPhone
maker has been diversifying its supply
chain across many countries, instead of
focusing on only the 1.4-billion market
like before. Specifically, it has 32
suppliers in the US, 34 suppliers in
Japan, and 48 suppliers in Taiwan.
Taiwan on Monday approved a $101
million increase in the investment in
Vietnam by Pegatron Corp, a major
manufacturing partner of Apple,
Microsoft, and Sony.
Vietnamese state media reported on
September that Pegatron was
looking to invest $1 billion in three
phases in production facilities in
areas such as computing,
communication and consumer
electronics in the country.
Pegatron is best known as a key
supplier to Apple, along with
Taiwan's Foxconn and Wistron Corp.
Taiwan’s biggest conglomerates, has
raised its total investment in Vietnam
to US$1.37 billion, all for its yarn
subsidiary based in the south.
Globally, the group operates in
different sectors ranging from
petrochemicals, cement, and retail
to hospitality, finance, and
communications.
In June of that year Far Eastern
received an investment certificate to
build a US$274 million polyester
and cotton yarn factory in Bau Bang
Industrial Park in Binh Duong
province, which is next to Ho Chi
Minh City – Vietnam’s southern
economic powerhouse.
Apple increases number of
suppliers in Vietnam
Taiwan approves $101 mln
Pegatron investment in Vietnam
Nevertheless, China remains in the lead
with 51 suppliers. It is irreplaceable for
global companies because of constant
improvements in manufacturing capacity
and maintaining acceptable operation
costs.
Taiwan’s Far Eastern boosts
Vietnam investment to US$1.37
billion
Source: VIR | Tuoitre | The Asset

16. Japan's Foster Electric, which produces
and sells loudspeakers, audio
equipment, and electronic equipment,
will open a speaker material plant in
Vietnam to diversify its supply chain.
Foster decided to invest with Hengdian
Group DMEGC Magnetics Co., Ltd., a
supplier of ferrite magnets in China, and
establish a joint venture company in
Vietnam to manufacture ferrite magnets
for speakers and the like.
South Korea’s Kumho Tire plans to
invest $305 million to expand its
plant in Vietnam.
The expansion, when completed in
the first quarter of 2023, is
expected to nearly double the
plant’s capacity to 9.3 million tires a
year.
The $200-million plant in the My
Phuoc 3 Industrial Park in the
southern province of Binh Duong
was built in 2008 to manufacture
passenger car and light truck radial
tires, and is the company’s only
plant in Southeast Asia.
In January, China’s Jinyu Tire
invested $320 million to expand its
factory in the southern province of
Tay Ninh.
Austria printed circuit board
manufacturer AT&S has been
studying several locations in
Vietnam to build two factories worth
€1.5 billion ($1.78 billion).
AT&S designs and manufactures
high-end printed circuit boards
serving as components in industrial
production, semiconductor
production and artificial intelligence
applications. In the last five years, it
has achieved an average growth
rate of 7 percent per year
Japanese Foster Electric to open
factory in Vietnam to diversify supply
chain
Kumho Tire eyes expansion of
Vietnam plant
Hengdian Group DMEGC Magnetics
(Vietnam) will have a capital of $5
million. Foster Electric will own a 19.9
per cent stake in the joint venture while
Hengdian Group DMEGC Magnetics will
hold the remaining 80.1 per cent.
Austrian firm seeks to locate $1.8
bln plants in Vietnam
Source: VIR | VnExpress