The national one-door customs mechanism was officially launched at ports in five localities, namely Quang Ninh, Hai Phong, Da Nang, HCM City and Ba Ria-Vung Tau, on May 6. Under the mechanism, all businesses operating in the field of sea transport will complete procedures relating to exit and entry activities and sea vessels in transit […]
Continue ReadingVietnamese logistics firms losing domestically
Foreign sea freight logistics companies, which account for only 3-4 per cent of the number of companies operating in the sector in Vietnam, are handling more than 80 per cent of the country’s imports and exports, Mr. Do Xuan Quang, Chairman of the Vietnam Logistics Association, told a press conference on August 3 on Logistics […]
Continue ReadingINCOTERMS are devised and published by the International Chamber of Commerce (ICC)
INCOTERMS are devised and published by the International Chamber of Commerce (ICC) . Group E – Departure Ex Works (EXW) – the seller has the goods ready for collection at their premises (factory, warehouse, plant) on the date agreed upon. The buyer pays all transportation costs and also bears the risks for bringing the goods to their final destination. […]
Continue ReadingForeign shipping firms oppose freight-fee declaration
In a document to the Prime Minister and the ministries’ heads, the legal representatives of shipping firms Mediterranean Shipping Company (MSC), CMA CGM, APL and Neptune Oriel Lines (NOL) called on management agencies to ‘consider the draft decision thoroughly’. The shipping firms said their business operations would be seriously affected. The draft decision says enterprises […]
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