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Industry News

European investors propose US$1 billion logistics project in Vietnam

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.

 

HCMC seeks $906 mln to boost inland waterway traffic

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.

Saigon Newport chooses robust, fuel-efficient Kalmar Essential Terminal Tractor for Cat Lai Terminal

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.

 

Container handling charge increases proposed to attract investment in seaports

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.

NYK Enters Tugboat Business at Largest Port in Vietnam

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.

 

Long An Int’l Port capable to receive ships of up to 100,000 DWT

​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.

 

Cranes shipped to port in Ba Ria-Vung Tau province

​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.

Vietnam's Cai Mep port gets set to benefit from supply chain switch from China

​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.

Ba Ria – Vung Tau to develop modern seaports, logistics services

​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.

Construction of My Thuy Seaport kicked off

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.

Vietnamese port infrastructure needs to keep pace with growth

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.

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