June 24, 2021
The total volume of goods passing through seaports in the southern port province of Ba Ria – Vung Tau reached nearly 48.28 million tonnes in the first five months of this year, up 9 percent year-on-year, according to the Vung Tau Port Authority. The volume of container cargo through the local seaports rose by more than 38%, despite impacts of COVID-19. The ports welcomed nearly 40,000 ship arrivals from January-May, up 12% year-on-year. This includes 6,169 ships taking domestic routes.
Vietnam port sets new TEU handling records this month
June 21, 2021
Tan Cang-Cai Mep International Terminal (TCIT) handled a historic record of 14,235TEUs for a container ship last June 10;
TCIT then set a new milestone on June 19 handling 15,615 TEUs for another ship;
For the first half of 2021, TCIT's total throughput is estimated to reach 1 million TEUs, up13% compared to the same period the prior year;
During the first half, TCIT deployed three new service routes, two connecting Vietnam and the US, and one connecting Vietnam to West India
Increases in port charges must be carefully considered: Administration
June 15, 2021
Responding to the Vietnam Ship Agents, Brokers and Maritime Service Providers Association (VISABA)’s proposal to raise container handling charges, the maritime administration said while the COVID-19 pandemic was still complex and hitting firms hard, the logistics costs must not cause any more burdens for import and export firms.
Vietnam Encouraging More Singaporean Investments in Da Nang
June 7, 2021
Da Nang is actively seeking more Singaporean investments in areas such as tourism, seaports and airports constructions, marine industries, high-tech manufacturing, automation, digital economy, education, and healthcare, among others.
Da Nang is planning to open a tender for the development of a new port next year. The Lien Chieu port project will have a deadweight capacity of 100,000 tons and a container capacity of 8,000 twenty-foot equivalent units (TEU), and a throughput capacity of 46 million tons per year by 2030.
New master plan for seaports needed to boost Vietnam's economy
June 01, 2021
A new master plan for seaports is needed to further boost the country’s socio-economic development in the rapid international integration process, experts have said.
The seaport system saw the volume of containers transported increase by more than 15 times in the 2001-19 period and was entering a new phase with new requirements for development.
South Korea opens new container shipping route to Vietnam
May 26, 2021
South Korea’s opening a new container shipping route to Vietnam will create more favourable conditions for enterprises to increase bilateral export activities.
On May 24, Incheon Seaport Corporation announced that it has begun operating a new container route from Incheon port to ports in Thailand and Vietnam.
Notably, the latest route, called New Korea Thailand, starts at Incheon Port, traversing a number of ports in Korea, Hong Kong, and China before reaching Laem Chabang and Bangkok Ports in Thailand and ending at Tan Cang Cat Lai Port in southern Vietnam.
Maersk expands its footprint in Vietnam to keep pace with trade boom
May 12, 2021
As import and export demand surges, Maersk has expanded its warehousing footprint in Vietnam.
The company has opened two new contract logistics facilities in Binh Duong, 25km from Ho Chi Minh City, and a third in Bac Ninh, close to Hanoi, creating an additional 38,000sq metres of warehousing space.
Maersk has 11 other self-managed facilities in Vietnam and said the new contract logistics capacity would “improve the inventory management experience for clients from Europe, Japan, Korea, Taiwan and Vietnam”.
The new Binh Duong distribution centres will “support substantial trade growth in southern Vietnam”, it said, particularly for customers in the tech, FMCG and retail sectors
JICA gives recommendations on development of Da Nang’s port
April 13, 2021
The common infrastructure component of the Lien Chieu Port project was approved in principle by the Prime Minister on March 25, 2021, aiming to build infrastructure for common use in the port so as to create a foundation for developing a seaport in the Lien Chieu area. It is expected to have total investment of more than 147.4 million USD (3.4 trillion VND) and be carried out from 2021 to 2025.
Vietnam approves $147 million plan to expand maritime sector
April 09, 2021
The government of Vietnam has approved a $147 million (VND3.4 trillion) infrastructure plan at the Lien Chieu Port in Da Nang, according to Pinsent Masons, specialists in infrastructure construction law.
The company said $129.3 million of the total investment will come from Vietnam’s budget between 2021 and 2025 and the remaining from Da Nang’s budget.
Once operational, the Port is expected to handle general cargo and container vessels with a capacity of 6,000 – 8,000 TEU. Construction work will include breakwater embankments, breakwaters and ship passages.
Vietnam port container volumes up 8.5% in 2020, expansion underway
Feb 09, 2021
According to industry analysts, Vietnam’s port sector is set to flourish this year as trade in goods is expected to thrive on the back of recovery in production, domestic consumption, export markets and reshoring of global supply chains. Total foreign trade in 2020 was estimated at $543.9bn, a year-on-year increase of 5.1%. Despite the outbreak, the economy has continued to post strong growth, which is set to rise to 6.8% this year, according to the Asian Development Bank (ADB).
February 04, 2021
The seaport and logistics industry was forecast to grow significantly on the prospect of global trade recovery in 2021 when the vaccine to prevent COVID-19 is administered worldwide. SSI Securities Company expects the revenue of the seaport and logistics industry would expand by 10 percent this year.
Vietnam to Invest up to $8 Billion Developing World Class Ports
January 4, 2021
Vietnam is planning significant investments designed to create world class ports in the next phase of its master plan for its port system. Highlighting the country’s success in developing ports over the past 20 years, the Ministry of Transport also said that it plans to invest between approximately $6 and $8 billion by 2030 in the next phase of port development.
Vietnam prioritises development of key seaports
December 31, 2020
Speaking at a seminar on the master plan for Vietnam’s seaport system development in the 2021-2030, with a vision to 2050 held by the ministry’s Vietnam Maritime Administration (VMA) on December 30, Deputy Minister Nhat highlighted the considerable development in both quality and quality of the national seaport system in recent years, saying this basically meets the development goals set in the approved plan. Under the master plan, the volume of cargo handled through ports will be 1.14 – 1.42 billion tonnes a year by 2030. Ports nationwide are set to serve 10.1 – 10.3 million passengers per year.
HCM City to move ports out to ease congestion on roads
December 25, 2020
Ho Chi Minh City will continue to move its ports to its outskirts to ease congestion on roads outside them and build new ones under a national port master plan for 2020-2030.
HCMC seaport planning to go hand in hand with transport infrastructures
December 22, 2020
The People's Committee of Ho Chi Minh City recently submitted documents to the Ministry of Transport to make proposals on the development of HCMC seaports in the master plan for Vietnam's seaport system for 2021-2030 and vision to 2050, aiming to increase cargo transportation by water to reduce burdens on the road and urban transport system.
Wan Hai Lines to enhance China to Vietnam services coverage
November 2, 2020
Wan Hai Lines Ltd. announced its plan to expand its existing service network between China to Southeast Asia by launching a new weekly service from South China to Vietnam on 25th November 2020.
The service, named CV8, will be operated with 3 vessels with an intake of 1,200 TEU. Wan Hai Lines will deploy 2 vessels while Interasia Lines will deploy 1 vessel. The service rotation shall cover Qingdao – Dalian – Tianjin – Ningbo – Xiamen – Cat Lai, Ho Chi Minh – Da Nang – Qingdao.
APMT welcomes largest vessel to call at a Vietnamese port
28 October 2020
APM Terminals (APMT) has said the Cai Mep International Terminal (CMIT), its joint venture with the Vietnam Maritime Corporation and Saigon Port, has welcomed the largest container vessel ever to call at Vietnamese port. In a statement, the terminal operator said near 20,000 TEU A.P.M Moller-Maersk (Maersk) vessel the Margreathe Maersk called at the Port on 26 October 2020.
October 2, 2020
Due to growing container traffic, the Vietnamese government is planning to build another container port on the outskirts of Ho Chi Minh City, with a number of sites under consideration.
Container volumes between East Asia and Southeast Asia, especially Vietnam, have increased due to trade tensions between the US and China, with manufacturers to shifting production from China to Vietnam.
That growth has led to the need for more port capacity. Ho Chi Minh City’s transportation department is reviewing four sites in accordance with the port development plan for 2021 to 2030. The department’s first choice is a site next to Long Tau River in Binh Khanh Commune.
Sept. 17, 2020
European investors have proposed a US$984-million Cai Mep Ha logistics center in the southern province of Ba Ria – Vung Tau. The proposal was made at a meeting among Prime Minister Nguyen Xuan Phuc, Dutch Ambassador to Vietnam Eisbeth Akkerman, Belgian Ambassador to Vietnam Paul Jansen and European investors on September 16.
Sept. 3, 2020
Vietnam’s southern metropolis requires more than VND21 trillion ($906 million) to open 110 inland waterways to traffic over the next 30 years.
As estimated by the city's Transport Department, more than VND4.1 trillion is needed to turn idle canals and river sections, stretching a total 1,000 km (620 miles), into traffic routes and build ports.The yearly maintenance cost for such routes would total VND570 billion, or more than VND17 trillion in 30 years, the department said.
Red River Delta to be logistics centre of the country
Aug 31 2020
According to the master plan for seaports for 2021-2030 with a vision to 2050 drafted by the Vietnam National Maritime Bureau, around VND100 trillion ($4.35 billion) is required for seaport infrastructure. “The annual volume of goods transported through seaports usually increases by tens of percentage points. Two decades ago only 73 million tonnes were transported by seaports, but the volume rose to 654 million last year,” a representative of the bureau said.
August 12, 2020
Kalmar, part of Cargotec, has signed an agreement to supply Saigon Newport Corporation (SNP) with 25 units of the Kalmar Essential Terminal Tractor TL2. The order, which was concluded through Kalmar’s local dealer Unico Vina JSC, was booked in Cargotec’s 2020 Q2 order intake, with delivery scheduled for year-end 2020.
August 6, 2020
Container loading and unloading service charges should be increased to approach the regional level so investors would not feel hesitant when pouring money into developing seaports. The proposal was raised at a recent online conference held by the Viet Nam Maritime Administration to discuss measures to remove difficulties for seaport and marine transportation companies.
August 3, 2020
NYK Line (Vietnam) Co. Ltd. has acquired 15% of total issued shares of Thoresen Vinama Tug Co. Ltd. (TVT hereunder) and entered the tugboat business at Phu My and Cai Mep ports in Vietnam.
NYK made this investment decision after considering the tugboat business in Vietnam, a country that has achieved remarkable economic growth in recent years, and recognizing that the tugboat sector is primed for future growth.
July 21, 2020
According to the People's Committee of Long An Province in the Mekong Delta, three wharves with a total length of 630 meters under the Long An International Port Project have been completed. As plan, wharves No.4, No.5 and No.6 will be respectively built this year and come into operation to receive ships of up to 70,000 deadweight tonnage (DWT) next year.
In addition, investors are also promoting the completion of legal procedures to expand the scale, prepare to build the wharves No.8 and No.9 to accommodate ships of up to 100,000 DWT, increasing the total length of the wharf system up to 2,368 meters, one of the longest international wharves in Vietnam.
July 3, 2020
Doosan Heavy Industries Vietnam (Doosan Vina) on July 2 shipped two Rail Mounted Quayside Cranes (RMQC) cranes to Gemalink International Port in the southern province of Ba Ria-Vung Tau province.
It is the first two cranes out of six units of the orders inked by Doosan Vina and Gemanlink International Port from 2019, and the next cranes will be completed later this year for operating at the Cai Mep-Thi Vai deep-water port in Ba Ria-Vung Tau.
July 1, 2020
South Vietnam’s Cai Mep-Thi Vai container port recently saw the maiden call of 2M’s TP17 service – another milestone in the long-awaited comeback of the much maligned deepwater complex.
The 12,000 teu Seroja Lima was welcomed by the APM Terminals-operated Cai Mep International Terminal (CMIT), the second-largest of the port’s four competing facilities and boasting a 25% share of volumes.
June 18, 2020
A workshop was held in the southern province of Ba Ria – Vung Tau on June 18 to seek ways to develop seaports and logistics services, which are important components of the local economy.
Secretary of the provincial Party Committee Nguyen Hong Linh said from now to 2025, Ba Ria – Vung Tau is going to focus resources on developing modern seaports and related logistics services. It will reserve 20 trillion VND (859.6 million USD) for investing in transport infrastructure linking seaports and regions.
February 27, 2020
The construction of My Thuy International Seaport in the central province of Quang Tri has been kicked off on February 27. The project costs VND14, 234 billion (US$613 million), including VND2, 143 coming from the My Thuy International Port Joint Venture Company and VND12, 091 billion loaned by strategic partners.
The harbor covering on an area of 685 hectares can receive 100,000 – ton ship. It has 10 ports that will be built in three stages, including 4 ports from 2018-2025; 3 ports from 2026-2031; and 3 ports from 2032-2036.
Oct. 24, 2019
The Vietnamese port industry needs further investment to keep pace with the country’s rapid economic growth and reduce logistic costs for businesses.
After two plans (in 1999 and 2009) and one adjustment (in 2014), to date, Vietnam has 45 seaports with total capacity of more than 550 million tonnes per year. Major ports are concentrated in northern Hai Phong city, Danang and Quy Nhon in the central region and Ho Chi Minh City in the south.