Port Sector Expansion To Rely On Increase In FDI

Japanese conglomerate Itochu Group is planning a joint venture (JV) with Vietnam's state shipping line Vinalines to develop the port of Lach Huyen in northern Vietnam. The move illustrates growing international interest in Vietnam's logistics sector which, in our view, will require considerable investment from the private sector if it is to develop in line with the country's trade sector.

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