The 3.5 billion USD mega-port of Chancay in Peru, set to be completed this year and expected to become a key logistics hub in Latin America, will open new opportunities for Vietnam's logistics industry by enhancing maritime transport connections and facilitating trade between the two regions.

Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan has signed a document recommending six solutions to foster imports and exports as shipping rates have continued to climb.

Breakthrough policies are necessary to fully harness the potential of the Red River Delta, which holds a significant proportion in the country’s overall import-export structure, heard a trade promotion conference held by the Ministry of Industry and Trade (MoIT) in Hanoi on June 5.

The domestic sector exported goods worth 10.72 billion USD in the first two months of 2019, up 9.9 percent on year compared to a 4.3 percent growth posted by the foreign-invested sector.