Vietnam boasts three seaports in Top 50 largest container seaports worldwide

Vietnam boasts three seaports listed among the Top 50 largest container ports globally, namely Ho Chi Minh City Port, Hai Phong Port and Cai Mep-Thi Vai Port.

In the Lloyd’s 2023 list, which ranked ports by the volume of container traffic represented in million twenty-foot equivalent unit (TEU), the port of HCMC secured the 23rd position, slipping one spot from the previous year’s list.

With 106 routes in Asia, one to America and two to Europe, the 160-year port handled over 7.9 million TEU in 2022, down 0.6 percent year-on-year. Read more

Difference Between Sourcing, Purchasing, and Procurement

In the field of Supply Chain Management, there are concepts that seem very familiar but not everyone fully understands their nuances. For example, there are three terms related to the procurement department: Purchasing, Sourcing, and Procurement. These three concepts are often used interchangeably and understood as buying goods for the business. However, the truth is that all three aim towards the ultimate goal of purchasing, but they differ in meaning and operation. Understanding these three terms correctly helps to define one’s job scope most effectively. Read more

Long An Industrial Hub in Southern Vietnam signs 9 Investment certificates, 10 MoUs with Investors

Long An province, an industrial hub in southern Vietnam, is attracting a new wave of investment as authorities handed over nine investment certificates and signed 10 memoranda of understanding with private investors.

At a conference held in the province Tuesday to announce the master plan until 2030, with vision extended to 2050, provincial officials announced their latest policies and granted nine investment certificates to different business projects.

They also signed MoUs with 10 investors covering several areas including infrastructure and urban development, manufacturing, environmental protection, social housing, high-tech agriculture and entertainment. Read more


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