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VANTAGE LOGISTICS – STRONG IN SPIRIT, CONNECTED WITH CARE, OVERCOMING THE STORM TOGETHER

Over the past month, Viet Nam has faced a series of extreme weather events, including widespread flooding in the North and Central regions and severe landslides in the Central Highlands. The damage to lives, property, and production has been significant, deeply affecting livelihoods and economic activity. Most notably, in the past week, Typhoon Kalmaegi (Storm No. 13) brought prolonged heavy rainfall, strong winds, and heightened landslide risks across many provinces – especially in Central Viet Nam and the Central Highlands. The growing toll on people and infrastructure has posed major challenges for emergency response efforts. Thanks to decisive leadership from the Government and close coordination across all levels of authority, response and recovery efforts have been swiftly and comprehensively deployed. These actions have helped minimize losses and rapidly stabilize business and production activities. Map of Viet Nam’s seaport system after administrative adjustments Proactive Government – Confident Enterprises Upon early forecasts of Typhoon Kalmaegi’s complex developments, the National Steering Committee for Natural Disaster Prevention issued Directive No. 25/CĐ-BCĐ, urging provinces from North Central to the Central Highlands to activate emergency response plans to protect people and economic infrastructure. Emergency forces were fully mobilized to evacuate residents, safeguard assets, and inspect reservoirs, power grids, transportation, and telecommunications – especially in industrial zones and key logistics hubs. International transport systems, seaports, and airports remained operational, ensuring uninterrupted supply chains – critical for FDI enterprises. Recovery efforts were launched nationwide: electricity, transportation, and communications in key areas – particularly industrial parks and logistics centers – were quickly restored to ensure safe operations. Vantage Logistics – Vantage Logistics – Sharing Strength to Rise After the Storm In this context, Vantage Logistics not only maintained stable operations but also demonstrated strong social and humanitarian responsibility. The “Vantage Family” culture came to life through care, solidarity, and support – especially during these challenging times. From the earliest warnings, the entire Vantage team closely monitored the situation and extended special care to colleagues living and working in areas directly affected by Typhoon Kalmaegi: Many employees faced housing and transportation difficulties due to the storm. A rapid response team was formed to provide both material and emotional support. Timely encouragement and practical assistance empowered employees to stay resilient, maintain morale, and ensure operational continuity. “At Vantage Logistics, we believe every member is more than a colleague – they are a companion in building a shared home rooted in compassion, trust, and sustainable values.”Satellite image of Typhoon Kalmaegi over the Western Pacific Ocean, November 2025. Source: Zoom Earth National Resilience – A Foundation For Global Business This response effort reaffirms Viet Nam’s capacity for disaster risk management and its commitment to maintaining a safe, adaptable investment environment – even amid natural disasters. At the same time, Vantage Logistics has shown that a people-centered corporate culture is a powerful foundation for overcoming adversity and protecting what matters most: people. International partners can place their trust in Viet Nam’s rapid recovery capabilities, government support, and internal solidarity – key factors in ensuring business continuity under any circumstance.

14/11/2025

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Vantage News

7 Steps to Building B2C Export Capabilities: Vantage Logistics Addresses Three Critical Factors for Success in the US Market

As traditional B2B export models face growing challenges, Vietnamese businesses are actively seeking new pathways to reach global consumers directly. On 24 October 2025, A workshop organised by Amazon Global Selling in Ho Chi Minh City brought together local brands and manufacturers in the South who are seeking new growth opportunities as traditional B2B export channels face increasing pressure. The programme introduced a structured 7-step framework for B2C export, providing businesses with a clear roadmap to enter the US and European markets. As a logistics partner supporting hundreds of Vietnamese exporters, Vantage Logistics shared practical insights on how logistics directly influences cross-border performance – from operational cost control and delivery speed to customer experience. The 7-Step Framework for Building B2C Export Capabilities Developed by Amazon Global Selling, the framework enables Vietnamese businesses to build sustainable and scalable B2C operations: Product development Financial planning Team capability building Supply chain flexibility Fulfilment and warehousing optimisation Marketplace account operations Brand building Logistics – The Strategic Engine Behind Steps 4, 5 and 6 In this framework, Vantage Logistics plays a central role where logistics directly determines competitiveness and market access. Vantage Logistics delivers a fully-integrated cross-border service portfolio, including warehousing, fulfilment, last-mile delivery, inventory control and end-to-end transportation from Vietnam to global consumers. Our solutions focus on: Flexible supply chain management – optimising flows from factories to international warehouses Fulfilment and storage solutions – connecting to global warehouse networks, particularly in the United States Cross-border logistics integrated with Amazon systems – enabling smooth marketplace operations “To succeed on Amazon, your supply chain must be adaptable with strong cost controls. Logistics is more than transportation – it is a core driver of competitiveness”, a Vantage representative stated. During the Q&A session, participants raised questions focusing on: Transportation costs and optimisation options Compliance, documentation and customs requirements Inventory planning and international warehouse operations Vantage Logistics addressed these concerns with actionable and scalable solutions, helping businesses confidently expand into the US market. From Vietnamese Factories to U.S. Consumers – No Longer Just a Dream Vantage Logistics is already working with Vietnamese brands to scale their direct-to-consumer exports. By managing warehousing, fulfilment, last-mile delivery, inventory and cross-border execution, we allow businesses to stay focused on product development and brand growth. With an established international partner network, connected warehouse facilities in the US and experienced logistics specialists, Vantage Logistics is closing the gap between Vietnamese manufacturers and global customers – enabling faster, more efficient market access. Ready to enter the US market? Speak to our experts for dedicated one-to-one guidance today! Contact: hannah.sgn@vlc.com.vn

24/10/2025

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Blog

RECYCLING OLD UNIFORMS – TAKING ACTION FOR THE ENVIRONMENT, BUILDING A CULTURE OF SUSTAINABLE DEVELOPMENT (17 SDGs)

Collect Old Uniforms – Exchange for New Ones” kicks off a sustainable initiative to recycle and regenerate used uniforms, promoting the message: Reuse – Recycle – Co-create a sustainable environment. Continuing its commitment to sustainability and corporate social responsibility (CSR), Vantage Logistics has officially launched the initiative “Uniform Rebirth: Old Shirts – New Value”.This initiative integrates the company’s annual uniform distribution with a circular economy approach, reflecting the company’s ongoing effort to build a corporate culture rooted in environmental action. Every Uniform Has a Story. Every Action Creates a Greener Future At Vantage Logistics, a uniform is more than just professional attire – it represents unity, shared experiences and pride in every journey the team has taken together. This year, instead of letting used uniforms reach the end of their life cycle, we are giving them a new purpose – allowing them to continue contributing in a more sustainable way. Rebirth, Not Waste: Acting for SDG 12 Acknowledging the environmental impact of textile waste, Vantage Logistics is implementing this programme to advance the United Nations Sustainable Development Goal 12 (SDG 12): Responsible Consumption and Production. Used uniforms will be sent to a certified recycling partner in Ho Chi Minh City, where they will be processed into industrial materials such as padding and insulation – with a firm commitment to zero landfill waste. “Each uniform carries the pride of its wearer. By giving these uniforms a second life, we preserve and multiply that value – through our responsibility to the environment and the community. This is how we turn our sustainability commitment into tangible action within our corporate culture”, shared a Vantage Logistics representative. Vantage Logistics: From Strategy to Corporate Culture This initiative is more than an internal campaign – it stands as a clear statement of Vantage Logistics’ brand philosophy and sustainable direction: Supply Chain Responsibility: Demonstrating the capability to manage not only cargo but also waste, creating a closed-loop, sustainable ecosystem. Corporate Culture: Inspiring every team member – from BackOffice to Frontline – to take part in daily environmental action. Trusted Partnership: Strengthening Vantage’s position as a reliable logistics partner for global enterprises committed to ESG and sustainable growth. Vantage Logistics believes that consistent, meaningful actions – even the smallest ones – can drive long-term change. Through the Uniform Rebirth initiative, the company continues to build a greener, more responsible logistics industry, contributing positively to the sustainable future of Vietnam and beyond. Join Vantage Logistics in building a greener future – starting from the smallest actions today!

21/10/2025

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Blog

Sea cargoes to Australia: What export documents do you need?

Cargoes to Australia require the exporters to prepare a full set of documents for the importers to get the shipment. Essential documents include: Bill of Lading Commercial Invoice Packing List Packing Declaration Certificate of Fumigation (if timber presents in product or packaging of the container) Besides the above, for some specific commodities, additional documents may be required, and this needs to be viewed case by case. For example, for furniture, a storage declaration will be required; for some construction cargos in which steel is popular, an asbestos declaration will be required; Those are to state that the goods are packaged and treated to meet the import requirements set by the Department of Agriculture and Water Resources. Failure to provide these information will result in the container and goods being inspected at an Approved Arrangement site, container being sent for treatment… Delays will occur and expensive charges apply. If eligible, the Certificate of Origin AANZ should be applied for enjoying duty exemption in Australia....

14/11/2018

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Vantage News

Monthly Internal Training: The Rules Of Behavior

Vantage Logistics believes that people constitute our main strategic asset. We are proud of our talents and constantly strive to find new ones, recruiting them, training them, and growing together with them. Internal training is one of the processes from which our employees achieve the skills to perform their jobs and is an essential part of  Vantage Logistics. Vantage’s October internal training session was about the Rules of Behavior, which was leaded by Florence – President of Vantage, with the participation of almost Vantage headquarters’ employees. The training course included 2 main points: – Rules of behavior in general; – Rules of behavior in working environment: to customers, partners and colleagues....

30/10/2018

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Market updates

The New Regulation On Tariffs Of Wind Power Projects

New regulation on tariffs of wind power projects came in to force  The Prime Minister of Vietnamese Government has issued the Decision No 39/2018/QĐ-TTg dated 10/9/2018 for adjusting and supplementing a number of articles of the Decision No 37/2011/QĐ-TTg dated 29/6/2011 on the policy to support the development of wind power projects in Vietnam. The Decision regulates that the buyer is responsible to buy all electricity from the wind power projects at the  point of electricity delivery with the new tariff as follows: The tariff of 1,928 VND/kWh (equivalent to 8.5 UScent/kWh) for on-shore wind power projects The tariff of 2,223 VND/kWh (equivalent to 9.8 UScent/kWh) for off-shore wind power projects This is the tariffs excluding VAT with the average exchange rate as 22,683 VND/1USD announced by Vietnamese State Bank at 30/8/2018 and adjusted by the fluctuation of exchange rate  VND/USD. The cost of purchasing electricity from wind power projects is calculated and included in the input parameters of the electricity price scheme of the Electricity of Vietnam. The above electricity tariffs are applied to a part or whole of the grid connected wind power projects with commercial operation date before 1 November 2021 for 20 years from the date of commercial operation. For the wind power projects commercially operated prior to issuing Decision No. 39/2018/QD-TTg dated 10/9/2018 the above electricity tariffs will be applied  from 1 November 2018 for the remaining period of signed PPA.   The wind power projects have been applied for these electricity tariffs will be not subject to the price mechanism applicable to the electricity generation of the project according to other current regulations.    Besides, Decision No. 39/2018/QD-TTg also amended the conditions for starting construction of wind power, accordingly, the investors are only allowed to start construction of wind power projects when they meet the conditions for project construction start in accordance with the law on construction, and have the PPA signed with electricity Buyer and grid connection agreement with a Power Distribution or Power Transmission company, and wind data report for a continuous period of minimum 12 months.Source: Vietnam Government Portal – MoIT...

11/09/2018

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Blog

The Case of “Con Cung” and The Importance Of Choosing A Right Customs Clearance Service Provider

23/08/2018 From the case of  “Con Cung” Mom and Baby Shopping System Con Cung JSC is one of the largest supermarket chains for mom and baby in Viet Nam. Founded in 2011, Con Cung has specialized in distributing mom and children’s products such as clothing, food, milk, diapers… The company operates 346 retail stores in Vietnam, including 313 Con Cung shops and 33 Toy City stores and focuses on the Ho Chi Minh city and the South market. In 2017, the sales of Con Cung reached over $43 million. In the past days, many of paper and internet newspaper, together with some internet socials, have continously put on public that Con Cung has cheated on the origin of goods, which is a serious violation of the law and regulations on production and business activities. However, The Ministry of Industry and Trade (MoIT), through their Dedicated Inspection team have just officially announced their inspection result. The result clarified that Con Cung did not commit any violation in law of protecting the interest of consumers, product quality and origin, and Con Cung has all the legal and valid import dossiers in compliance with  import regulations and the origin of goods. The incident started from a complaint from a customer in HCM City, who claimed that he bought a fabric product from Con Cung with the label “Made in Thailand” “looked like a replaced one”. Journalists and Market Surveillance Agency of HCM City immediately paid big attention to this case. While the investigation was still under conduction, the situation had became more and more noisy and complicated,  with various  rumours and many contradict opinions poured into the incident, making Con Cung to face a business crisis with lot of negative impact not only on income but also on reputation. Being one of the reputable professional logistics and customs clearance service provider in Vietnam, Vantage Logistics was contracted by Con Cung for customs clearance service. One of the reasons we won Con Cung’s trust is that we always comply with laws and regulations, and proactively consult our clients how to improve their documents and business actitivities to the highest level of compliance. And in this crisis, Vantage Logistics proved that Con Cung had made the right choice. During the whole investigation process, our team have always been closely working with Con Cung’s team, providing all the proofs and documents, all necessary advice related to customs law and regulations. With all the legal compliance that Con Cung and Vantage did for all the import shipments, the investigation conclusion could not be anything else except that Con Cung did not commit any violation in law of protecting the interest of consumers, product quality and origin. To the lesson learned from the importance of choosing right customs clearance service provider. As we know, Customs procedures for each export/import item are different, and various from country to country. It is really complicated and needs comprehensive knowledge to do it properly. Customs procedures often include regulations, circulars, and documents which are intergral with different ministries and authorities, can result in confusion and difficulties for businesses; moreover, the process of Customs clearance of goods must go through many steps from the preparing and checking documents, filing on-line declaration, submission of dossiers at Customs border gates, procedures of goods inspection, procedures of proving product origin, labeling, value of goods…  To ensure all steps in compliance is not easy at all. It requires deep and updated knowledge of Customs regulations and procedures. Accuracy in preparing customs documents is also significant. Mistakes can lead not only to delay in the whole customs clearance process, but also to penalty and bad marks in import/export history records with customs. And of course, timeliness. Moreover, the completion of customs procedures in compliance with laws and regulations is not only important at the time the goods are exported/imported but also is a decisive factor in proving that a business is genuine and honest with its customers and Con Cung is a concrete case study. Therefore, choosing a professional and expererienced Customs clearance service provider plays a very important role for businesses in international trading; and businesses need to consider carefully while choosing their long-termed service provider. I think key points to choose Customs clearance service provider are: Professionally proficient Compliance Clear and effective standard working procedure High performance Supportive and providing added values to customers Vantage Logistics with more than 15 years of working in providing logistics and Customs clearance services, has been doing with our best effort to provide the most effective solutions for our customer as our motto – compliance, quick and effectiveness. And the case of Con Cung has again proven it.  ...

23/08/2018

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Market updates

Opportunities In The Waste-To-Energy Sector In Vietnam

Waste-to-energy sector Currently, Viet Nam annually generates over 28 million tonnes of waste, with 76% of it being disposed in landfills. Waste-to-energy solutions can not only process solid wastes but also generate energy. Viet Nam can produce around 1 billion kWh in 2020, and 6 billion kWh in 2050 from waste. The government has set targets for the collection, reuse, and recycling of waste. By 2020, it aims to collect and treat 90% of urban solid waste, with 85% of it being recycled and reused. ​Growing energy demandEnergy demand in Viet Nam is predicted to grow over 10% by 2020, and another 8% by 2030. To manage the growing demand, the government has implemented numerous policies in the clean energy sector in the past five years, including those focusing on waste-to-energy solutions. The potential for energy generated from biomass and solid waste is around 2000 MW and 320 MW respectively. However, current installed capacity is much less at 352 MW and 2.4 MW for biomass and solid wastes respectively. Major waste-to-energy projects In February 2018, the Asian Development Bank and China Everbright International Limited signed a US$100 million loan agreement to construct waste-to-energy plants in Mekong Delta, that will not only treat solid wastes but also supply electricity to the national grid. It is the first public-private partnership project in the sector.Last year, in April 2017, Viet Nam’s first industrial waste-to-energy plant was set up in Ha Noi, with equipment from Japan’s Hitachi Zosen Corporation. It can process 75 tonnes of waste per day and generate 1.93 MW of energy. A total of US$29 million was invested in the project, with US$22.5 million being non-refundable aid from Japan’s New Energy and Industrial Technology Development Organization (NEDO), a governmental organization that focuses on research and development of industrial technology in new energy solutions. In the same month, the Go Cat plant became operational in Ho Chi Minh City, which has already treated 500 tons of industrial waste and generated seven megawatts for the national grid. Future projects are focusing on increasing the number and capacity of waste-to-energy plants in Hanoi, Ho Chi Minh City, and Mekong Delta. Some of the major investors include Hitachi Zosen Corporation, Watrec Ltd, and Trisun Green Energy Corporation. Opportunities Viet Nam plans to reduce greenhouse gas emissions by 5% by 2020, 25% by 2030, and 45% by 2050. With the rise in urbanization and electricity consumption, clean energy offers an environmental-friendly solution to meet the growing demand. Local firms lack the technical expertise and capital, and this presents an opportunity for investors. Some of the opportunities are in: Machinery/Equipment – collection and sorting equipment, waste processing equipment, and incinerators; Technical expertise – processing and recycling technologies, waste management solutions, plant design and engineering solutions; Funding and financing – investing capital in upcoming and existing plants, and working with engineering firms and municipal governments. Logistics consultant, shipping and logistics services to project owners, EPCs, vendors Government policies The Viet Nam government has implemented numerous policies for domestic as well as foreign firms involved in waste-to-energy projects. The major regulations are mentioned in Decision 31/2014/QD-TTg, Circular 32/2015/TT-BCT, and Decree 118/2015/ND-CP. Decision 31 – stipulates the supporting mechanism or development of power generation projects using solid waste; Circular 32 – deals with the development of grid-tied generation projects using solid wastes and provides a model electricity sale contract for projects using solid wastes in Viet Nam; and Decree 118 – deals with investment incentives and schemes in various sectors including construction of concentrated solid waste treatment zones and collection, treatment, recycling, and reuse of waste. The feed-in-tariff for power generation projects using solid waste is 10.05US cents per kWh (direct burning) and 7.28 U.S. cents per kWh (burning of gases from landfills). Incentives include tax holidays, exemption of import duties for equipment, land rent exemptions, and low-interest loans. Conclusion Although the potential of solar and wind energy is much higher than solid wastes in Viet Nam, waste-to-energy projects have a two-fold benefit: It helps in generating energy and the processing of waste, which has grown exponentially in urban Viet Nam....

06/08/2018

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Market updates

Automotive Industry In Vietnam – The Need Of Supporting Industries

Automotive Industry In Vietnam: Viet Nam today is emerging as one of the most potential consumer markets in the world, although the car ownership rate of the Vietnamese people is quite low – only 23 vehicles per 1,000 people, while the equivalent in Thailand is 204 vehicles per 1,000 people, and the minimum in developed countries is 400 vehicles per 1,000 people. However, with rising incomes, estimated at more than US$3,000 per head by 2021, combined with increasingly improved infrastructure and attractive demographic characteristics, it will be the premise for the Vietnamese automobile market’s purchasing power, which is expected to grow strongly in future. 2017 272,750 vehicles were sold, down 10% compared to 2016. Segment wise, passenger, commercial, and special-use vehicles decreased by 15%, 2%, and 12% respectively. Sales of imported cars grew by 9%. Domestically assembled cars decreased by 19%. Car manufacturers had predicted the decrease in sales, as consumers were waiting for car import tariffs to reduce to 0% in early 2018, in line with the tariff schedules of ASEAN Trade in Goods Agreement. 2018 In the first five months in 2018, 103,746 vehicles were sold, down 6% compared to the same period last year. Segment wise, sales of passenger cars grew by 6% while commercial and special-purpose vehicles declined by 19% and 37% year-on-year respectively Sales of imported cars decreased by 46% while domestically assembled vehicles grew by 10% during the same period. By the end of 2018, overall sales are predicted to grow by 6.8% year-on-year, including commercial and passenger cars The 46% decline in sales of imported cars was due to the delay by manufacturers in fulfilling conditions and procedures of Decree No.116/2017/ND-CP (Decree 116), which stipulated conditions on production, assembly, import, warranty, and maintenance of vehicles. In the first two months of 2018, no units were imported into Vietnam. Post-2018 Growth And Potential Between now and 2025, the domestic automobile manufacturing industry is predicted to grow by 18.5%, and 13.5% between 2025 and 2035, with output reaching 531,600 units by 2025 and 1.76 million units by 2035. Car sales are predicted to grow 22.6% by 2025, and 18.5%, after 2025. The double-digit growth in production and sales are largely based on the growth in the middle class, GDP, and disposable income. With the current passenger vehicle density in Vietnam at 16 per 1,000 people, which is much lower than Thailand, Malaysia, or Indonesia, there is ample room for growth in the industry Need for supporting industries In order to attract investment from domestic and foreign manufacturers, enterprises have proposed to reduce import tax on raw materials for component manufacturers in Vietnam. In the long-term, Vietnamese Government will have mechanisms and policies to attract investment from multinational corporations to invest in large-scale projects in Vietnam. Particular focus is on brands and vehicles that do not have production centers in ASEAN, in order to facilitate the participation of domestic firms in the multinational automobile chain  Vietnam Automotive Industry Highlights VinFast Manufacturing and Trading Company, a member of property developer Vingroup, partners with global auto part suppliers. The company has allocated 70ha of land to Phase 1 of the project in the north of Hai Phong city for part supplies and supports maximum efforts in infrastructure and implementation procedures. These are the parameters that prove the company will have a large demand for components and spare parts and establish long-term international partnerships. According to industry representatives, with the vision of large-scale production and international standards, VinFast will have many potential customers. Some suppliers have expressed their desire for a long-term cooperation with VinFast through setting up of component factories in the project complex in Hai Phong...

23/07/2018

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Vantage News

Vantage Logistics Corporation Achieves ISO 9001:2015 Certification

Vantage Logistics is proud to announce that we are now ISO 9001:2015 certified. To become ISO 9001:2015 certified, Vantage Logistics underwent an evaluation process that included: quality management system development, a management system documentation review, pre-audit, initial assessment, and clearance of non-conformances, all of which work to identify corrective actions that eliminate non-conformance to the quality management standard. Vantage Logistics’ decision to become ISO 9001:2015 certified is a proactive one that not only anticipates the demands of our customers, but also demonstrates a commitment to providing quality products and services to all current and future customers. To maintain our certification, Vantage Logistics will perform audits to ensure compliance and to assess initiatives for continued improvement. This certification further strengthens our commitment to our customers and our Company Quality Policy: every customer is served as our unique customer. Our job at Vantage Logistics is To provide quality, timely and safe logistics service, Law compliance, To maintain and improve our Quality Management System of ISO 9001:2015, To train and ensure all employees understand and follow this quality policy.  We accomplish this by investing in and developing our employees’ abilities, by focusing on providing our customers premier and uniquely professional services and by continually improving our quality management systems. We would also like to take this opportunity to extend our sincere thanks to our customers and suppliers for their continued commitment and loyalty. Vantage Logistics will always strive to exceed their high expectations. With our goals focused on the emphasis of quality assurance and innovative production, we look forward to bringing the business to new heights in the months and years to come....

20/07/2018

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Market updates

The Age Of Renewable Energy

VLC Energy News – July 2018 Renewable Energy In Vietnam Vietnam is among the emerging renewable energy markets in South East Asia, offering many opportunities for investment in clean energy, in particular, wind and solar. The country has a population of 95.5 million and its energy demand is forecasted to grow by 13% annually over the next four years with an energy policy that includes renewables in the mix. According to the country’s revised Power Development Master Plan VII, Vietnam needs investment in the power sector amounting to $150 billion for the period up to 2030 in order to keep up with the nation’s annual growth of 10-12%. The renewable energy sector is considered a priority for investment with contributions set at 7% by 2020 and 10% by 2030New Regulatory Framework to Bolster Growth of Vietnam’s Solar Energy Sector From October 2017, the circular No. 16/2017/TT-BCT of the Ministry of Industry and Trade (MOIT) on the Development of Solar Power Projects and the Power Purchase Agreement Form Applicable to Solar Power Projects officially came into force. CREATOR: gd-jpeg v1.0 (using IJG JPEG v62), quality = 100 Incentives for Investors This FIT rate of 9.35 US cents/kWh (excluding VAT) for grid-connected solar power projects is available for 20 years to projects which reach commercial operation before 30 June 2019. Any residual electricity generated by rooftop solar projects will be purchased by EVN at the same FIT for a 20 year term, provided that the project reaches commercial operation before 30 June 2019. Solar project investors will benefit from tax exemptions on raw materials and supplies imported for project purposes, corporate income tax relief, and an exemption from land rental fees within the first three years of commencing commercial operation. Industry Highlights Vietnam’s biggest solar power plant built in Ninh Thuan The construction of Vietnam’s biggest solar power plant with capacity of 168 MWp and total investment of roughly 4.4 trillion VND (US$194 million) commenced in the south central province of Ninh Thuan, which covers 186 hectares in My Son commune, Ninh Son district. Once operational in June 2019, the plant will supply over 200 million kWh of electricity to the national power grid annually. Ninh Thuan receives special attention from investors as it has big advantages for renewable energy development with the average wind speed of 7-8m/s and 2,800 hours of sunshine every year This plant is the fourth of its kind to start construction in Ninh Thuan this year. It is expected to provide electricity for nearly 200,000 households and generate jobs for over 200 local workers. Local authorities asked the investor to speed up the implementation of project and ensure quality, labour safety, and environmental sanitation. Besides, they pledged to create the most favorable conditions according to legal regulations to support the investor to put the plant into operation as scheduled, he affirmed.Quang Tri approves two wind, solar power projects The provincial authorities signed decisions approving two wind and solar power projects with total investment of over 2.7 trillion VND (US$120 million). Under Decision No.1250/QD-UBND, Tan Hoan Cau Corporation was allowed to carry out Huong Hiep 1 wind power plant project in Huong Hiep commune, the mountainous district of Dakrong. The central locality is calling for investment in 17 solar power projects with a total capacity of more than 930MW to be built on about 1,400 ha. With 12 wind turbines, the plant has a total capacity of 30MW, generating more than 126 million kWh of electricity per year on a site of nearly 8ha. The project costs over 1.55 trillion VND, valid for 50 years. The plant is being built from June 2018 to December 2020.  Under Decision No.1247/QD-UBND, the Licogi 13 JSC was allowed to build LIG-Quang Tri solar power plant in Gio Hai and Gio Thanh communes, Gio Linh district with a designed capacity of 49.5 MWp, generating 67,960 MWh of electricity each year. Costing 1.2 trillion VND, the project will be implemented from June 2018 to June 2019, using 58ha of land. Tay Ninh draws over 14.3 trillion VND in solar power projects The southwestern province of Tay Ninh has granted investment licenses to five solar power projects worth over 14.3 trillion VND (US$629.9 million) in Duong Minh Chau and Tan Chau districts. The plants with a combined capacity of 560 MWp will be built on 20,620 hectares in the area of Dau Tieng reservoir. Their construction is set to commence at the end of this year. The Dau Tieng 1 and 3 solar power plants are designed with the same capacity of 150 MWp and have respective investment of over 3.9 trillion VND (US$171.7 million) and 3.6 trillion VND (US$158.5 million). The Dau Tieng 2 solar power plant worth over 4.9 trillion VND (US$215.8 million) has a capacity of 200 MWp. Three projects were invested by Dau Tieng Tay Ninh Energy Joint Stock Company. The other projects were invested by Tri Viet Tay Ninh Joint Stock Company and Bach Khoa A Chau Tay Ninh Joint Stock Company with the same capacity of 30 MWp and investment of over 760 billion VND (US$33.4 million).In recent years, the Dau Tieng reservoir has played an important role in providing water for agriculture, industry and local daily activities. It holds great potential for solar energy production. Conclusion According to the Government’s targets, solar power is expected to become the main renewable energy source in the future, with installed capacity to be increased from 6-7 MW by the end of 2017 to 850 MW by 2020 (1.6% of the country’s power generation) and 12,000 MW by 2030 (3.3% of the country’s power generation). Vietnam is among countries that enjoy the most sunlight in the world, with the Central Highlands and south central regions recording between 2,000 and 2,600 hours of sunshine every year, reported the Vietnam Clean Energy Association. Average solar radiation is 150 kcal/sq.m, about 2,000 to 5,000 hours per year....

09/07/2018

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Market updates

U.S Steel Tariffs On Viet Nam And Its Opportunities

U.S Steel Taffis On Viet Nam: Its Impact And Best Practices  From May 2018, U.S imposed a 25% tariff on steel imports and a 10% tariff of aluminum imports under Section 232 of the Trade Expansion Act of 1962 citing national security issues. Commerce Department increased import duties on steel products specifically from Viet Nam which originated from China as they evaded anti-dumping and anti-subsidy rules. Viet Nam ranks as the 12th largest exporter of steel to the U.S, the rise in tariffs will impact its steel industry. Vietnam – U.S steel trade U.S, the second largest steel export market for Viet Nam after ASEAN, accounted for 11.1% of the total steel exports in 2017. However, steel imports from Viet Nam accounted for only 2% of the total U.S imports in 2017. 2017 exports The top three exports from Viet Nam to the U.S. are the cold-rolled coil (CRC), hot-dipped galvanized coil (HDG), and other metallic-coated coils. CRC exports grew from 33,199 tonnes in 2015 to 155,169 tonnes in 2017, while HDG’s volumes grew from 292 tonnes in 2014 to 124,799 tonnes in 2017. Other metallic-coated flat steel exports grew from 181 tonnes in 2013 to 130,440 tonnes in 2017. 2018 exports In the first two months of 2018, Viet Nam steel exports to the U.S doubled compared to same period last year to 124,600 tonnes worth US$104.2 million. Impacts According to new tariff, corrosion resistant steel (CORE) from Viet Nam, which originated in China, will face anti-dumping duties of 199.43% and countervailing duty duties of 39.05%. Cold-rolled steel imports will face anti-dumping duties of 199.76% and countervailing duties of 256.44%. The rise in tariffs will affect the local manufacturers, but the impact on the overall economy will be minimal. In 2017, the U.S accounted for 11.1% of Viet Nam’s steel exports, but steel accounted for less than 2% of Viet Nam’s total exports. However, the tariff rise will increase competition for local firms, especially in the domestic market. Conclusion With the rise in U.S tariffs, Vietnamese firms will need to diversify its export markets and product portfolio to minimize losses. Moreover, local firms have to invest in technology, increase their product quality, and reduce production costs if it wants to access new markets or support domestic industries. Best practices while exporting to the U.S. With the new tariffs in place, exporters and importers should take certain measures to avoid unnecessary penalties. – Ensuring the HS classification is correct: Exporters and Importers should be clear about the HS classification codes that a product has in the U.S, as U.S customs sometimes inquire about the technical details and manufacturing process to ensure that the correct HS codes are applied. – Declaration of the customs value: Parties need to thoroughly check the contracts, purchase orders, and invoices to ensure that the customs value declared is correct to avoid attracting civil customs penalties. – Avoid transshipment. Opportunities To U.S Market Actually, Viet Nam is a not major market for US steel and aluminum imports (less than 2% of total U.S steel import volume). Although the rise in tariffs will impact the steel industry in Viet Nam, but Vietnamese economist believe that, it will not have a major effect on the overall economy.  Besides, this impact may lead to a result that Vietnamese firms will focus on other sectors which have higher export value and strong growth in U.S market, such as: footwear (12.79%), textiles (8.85%), seafood (8.16%), coffee and tea (8.01%), wood products (3.27%)… To Other Markets (AU/EU/ASIA…) According to Viet Nam Steel Association (VSA), the major export markets for Vietnamese steel are ASEAN, EU, South Korea, India, Taiwan, and Australia. With the U.S tariffs in place, local firms have an opportunity to focus on the other  markets to offset the reduction in U.S exports.  With numerous FTAs already in effect, and FTAs such as the European Union-Viet Nam Free Trade Agreement (EVFTA) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) currently  under ratification, Viet Nam will have increased access to new markets. According to the World Steel Association, steel demand will continue to grow globally in 2018 and Vietnamese firms would focus on the new markets that will open up once the all the FTAs are in place. Growth in Steel Demand EU: 1.4% Other Europe: 5.2% NAFTA: 1.2% CIS: 3.8% Central and South America: 4.7% Africa: 3.3% Middle East: 4.8% Asia: 1.2% ASEAN: 6.8% Vantage Logistics In Action In order to quick response with market’s rapidly changing, and offering the most optimized logistics solutions  as well, Vantage Logistics has built up a dedicated and well-trained team of highly experienced and professional individuals, facilities, technology, processes, policies… to meet every single need of clients and partners. Our tailored logistics solutions: International Air Freight International Sea Freight Project Logistics Ship/NVOCC Agencies Customs Brokerage Warehouse & Distribution E-commerce Logistics Consulting & Assistance, and more. Contact us: cindy-vn@vantage-logistics.com.vn...

02/07/2018

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