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COVID-19 & logistics sector

(VLR) The pandemic of COVID-19 has caused great impacts to all the fields of production, trade, transport, tourism, health care and even education. Logistics activities are intermediary activities including packaging, warehousing, storing, transporting cargo and doing clearance procedures to bring products and cargo from providers to consumers in the most optimizing way. Therefore, the sector has been suffered from initial impacts.

A dismal painting

A research group from the Vietnam Institute for Economic and Policy Research, the National Economic University, Hanoi released a report evaluating the pandemic COVID-19’s impacts on the economy and suggesting policies to deal with by conducting a survey of 510 enterprises and gave out three scenarios. It is predicted there will be negative growth for the second quarter, no matter what scenario it is. If the pandemic is controlled in the country in around the middle of May and economic activities are blooming back as normal, the growth of the second quarter will be -3.3%. For the two other scenarios, the worst impacts from the pandemic of COVID-19 will happen in the second and third quarters, GDP growth of the second quarter will be -4.9% to - 5.1%.

And also according the research group, the fields of transport- warehousing, together with services of hospitality, arts- entertainment, suffered the most with the growth rate reducing 20% to 50%, or even 25% - 70%. With the scenario that the pandemic ends at the end of June 2020, Vietnam’s export value estimatedly reduced 25% in the second quarter and slows down to 15% in the following quarters of 2020. Similarly, local trade value also reduces 30%. The fields of tourism and hospitality will suffer with estimation of 30% - 40% reduction in the number of guests, sales will estimatedly reduce 40%, the number of job reduces 30% - 40%. The fields of trade and services will experience changes when health care service and vital services increase 20% - 40%. These predictions result in the reduction of 20% - 30% in the sectors of transport and logistics.

Actually, at the end of February 2020, transport enterprises have experienced difficulties due to the reduction of orders. The situation that goods has been difficultly consumed and kept in warehouses for a long time surely damages the sectors of transport and logistics. According to a report from the Vietnam Digital Agriculture Association, in the beginning of April 2020, enterprise members of the Association belonging to group of agricultural production, processing, trade and export has 48,200 tons of inventory and 10,000 tons of fertilizers. The most inventory is coffee, pepper and cashew- 43,000 tons- the loss values estimatedly is VND 50bn. Material wood and wood finished products suffered the most damaged with the loss of VND 260bn.

Recently, the Vietnam Logistics Business Association has conducted a survey on difficulties enterprises are dealing with. According to VLA’s reports, there is 15% of enterprises having 50% of turnover decreased compared to that of 2019 and over %50 of enterprises experiencing their local and international logistics services reduced from 10% - 30% year-over-year.

Logistics in difficult time

In the Report Evaluating Influence of the Pandemic of COVID-19 to Vietnam’s socio-economic developments by the Ministry of Planning and Investment, there is a content evaluating impacts from the pandemic to the transport sector. In the scenario that the pandemic ends in the second quarter, value added of the transport and warehouse is only 5.1% in the first quarter and 6% in the second quarter. Air transport surely suffered from impacts. All airliners cancels flights to China, Korea and Hong Kong, having limited flights to infected area. The cancel of all flights between Vietnam and China from the evening of February 1st resulted in 80 flights daily canceled. Airline assisting services as air management service, airport service also have influences. Besides, cargo transport fees are higher than usual.

Road and railroad transport also experience damages due to the decrease in the number of guests. From April, 2020, implementing the Instruction no.16 from the Prime Minister on social distancing, only a couple of trains SE3/ SE4 have operated on Hanoi-HCMC route. The railroad sector use cargo trains to transport and order online. When the amount of cargo decreased due to the decrease in road transport demand of around 30%, it is hard to find transport providers for cross-border road transport. Gateways to China have frequently overloaded due to longer time doing complicated import-export procedures.

Maritime activities are not better. In the first quarter of 2020, the amount of cargo through ports estimatedly was around 16.6m tons, equally 96% of that year-overyear last year. At the same time in 2019, some main ports experienced the decrease of cargo through port. For example, Hai Phong only reached 75%, Saigon, 85%. Transported shipment of Vinalines reduced seriously, only about 4.7m tons- equally 84% year-over-year in 2019. Local container cargo of the North-South route by Vosco decreased badly from 20% - 30% in the direction from Hai Phong to Saigon. In the second quarter of 2020, maritime service activities will suffer from impacts when main products as textile, footwear, and furniture which account for 60% - 70% of exported goods will decrease from 30% - 50% due to decreasing demand in Europe and America. Cargo consolidated from other ports to Cai Mep- Thi Vai to export to markets of America and Europe decreased 30% - 40% resulting in a number of feeder vessels in shortage of cargo. Liners as ONE, HMM and others mainly from China, Korea, and Japan decreased the number of their vessels on all routes.

There is only a way to overcome difficulties

As a model of dealing with the pandemic, the railway sector has increased services of cargo shipment instead of transporting passengers. Beside luggage, postal parcel and express delivery for online shopping that are carried along by passenger trains, there have been more trains with shorter time travelling thanks to losing no time for stop. Input materials as apatite and output products as fertilizers and chemical by the Vietnam National Chemical Group have been transported by railroad. Besides, weekly international reefer container trains transporting dragon fruits from Dong Dang Station to Ping Xiang Station, China came to operation in February 2020 with the stable amount of cargo- a package logistics transport product- opening the direction for official export of fruits and frozen agricultural products to China and then to Central Asia and Europe.

Actually, in all forms of logistics services, industrial property as warehouses, cold warehouse has experienced growth regardless of the pandemic. Niche markets in the field of industrial property are said to have benefits from impacts from the pandemic. The increase of consumption and the growth of multi-channel retail delivery form of fresh foods will boost up the need for hiring cold warehouse systems in years to come. However, in the situation that the outbreak helps increase sales of online selling and boost up forms of multi-channel retail, the modifying of warehouses in and around big city is necessary for unexpectedly sharp increase of final-stage delivery.

Difficulties of logistics enterprises, especially smallsized ones, have been recorded. Suggestions helping them overcome difficulties from associations and enterprises have been submitted to authorities of all levels. The remaining matters are their own persistence and flexibility to deal with problems. To enterprises of right stuff, time of difficulties is also an opportunity to change themselves, to restructure and to make good use of digital technology to make great changes in productivity and capacity.

PhD Bui Van Danh & Ms Nguyen Thi Huong

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Tham gia ‘sân chơi’ RCEP: Kỳ vọng những lợi ích kinh tế lớn

Ngày 20/11/2020 lúc 08:23

Với quy mô 2,2 tỷ người tiêu dùng thuộc 15 nước thành viên, GDP khoảng 27 nghìn tỉ USD và sẽ trở thành khu vực thương mại tự do lớn nhất trên thế giới, Hiệp định Đối tác Kinh tế toàn diện khu vực (RCEP) vừa được ký kết được kỳ vọng sẽ mang lại lợi ích kinh tế rất lớn cho Việt Nam trong cả ngắn hạn và dài hạn.

Thúc đẩy kết nối hạ tầng giao thông vùng Đông Nam Bộ

16 Giờ trước

Hội thảo: “Thúc đẩy kết nối hạ tầng giao thông vùng Đông Nam Bộ” diễn ra ngày 22/11 tại TP. Vũng Tàu, do Báo Tuổi Trẻ, Cổng TTĐT Chính phủ, Tỉnh ủy, UBND tỉnh Bà Rịa - Vũng Tàu, Viện Nghiên cứu và Phát triển TP. HCM đồng tổ chức. Hội thảo có sự tham dự của hơn 100 đại biểu là thành viên Tổ tư vấn kinh tế của Thủ tướng, đại diện các hiệp hội, doanh nghiệp vận tải và logistics.

'Dùng ảnh kéo dài chân, tô hồng sắc đẹp cho hoa hậu là nói dối'

17 Giờ trước

Theo phóng viên ảnh kỳ cựu của AP Nick Ut, sự thật trong ảnh báo chí là giá trị cốt lõi cần phải gìn giữ dù ở bất kể thời kỳ, lĩnh vực nào.

Hải quan chủ động xây dựng các giải pháp phòng, chống gian lận xuất xứ

22 Giờ trước

Thực hiện Đề án Tăng cường quản lý nhà nước về chống lẩn tránh các biện pháp phòng vệ thương mại và gian lận xuất xứ, Bộ Tài chính (Tổng cục Hải quan) đã chỉ đạo trong toàn ngành triển khai loạt giải pháp từ việc đề xuất, hoàn thiện cơ chế chính sách đến trực tiếp đấu tranh phát hiện các hành vi vi phạm.

Cơ hội thiết lập thị trường xuất khẩu ổn định

22 Giờ trước

Ngày 15/11, Hiệp định Đối tác Kinh tế toàn diện khu vực (RCEP) chính thức được ký. Khi được cả 15 thành viên thực thi, Hiệp định sẽ tạo nên một thị trường có quy mô 2,2 tỷ người tiêu dùng, GDP 26,2 nghìn tỷ USD, trở thành khu vực thương mại tự do lớn nhất thế giới. Đây là cơ hội để các doanh nghiệp (DN) Việt Nam tham gia và phát triển các chuỗi cung ứng mới trong khu vực, đồng thời thiết lập thị trường xuất khẩu ổn định lâu dài.

Thời tiết

TP Hồ Chí Minh

Hiện tại

26°

Mây rải rác

25/11

24° - 33°

Chủ yếu trời trong

26/11

24° - 33°

Nhiều mây

27/11

24° - 33°

Mây rải rác

Nguồn: Weathers Underground

Tỷ giá ngoại tệ

Tỷ giá ngoại tệ cập nhật vào 24/11/2020 06:57
Mã NTTiền mặtChuyển khoảnBán
USD23,030.0023,060.0023,240.00
AUD16,494.9916,661.6117,183.91
EUR26,793.6527,064.2928,160.19
GBP30,056.5430,360.1431,311.86
JPY215.65217.83226.88
SGD16,816.9716,986.8317,519.33
THB675.84750.94779.14
Nguồn: Vietcombank

Giá xăng dầu

Giá xăng, dầu cập nhật ngày 23/11/2020 23:57
Loại xăng dầuĐơn vịGiá vùng 1Giá vùng 2
Dầu hỏa 2-KVND/L95609750
DO 0,001S-VVND/L1118011400
DO 0,05S-IIVND/L1083011040
E5 RON 92-IIVND/L1388014150
Xăng RON 95-IIIVND/L1470014990
Xăng RON 95-IVVND/L1480015090
Nguồn: Petrolimex