Business News

On Friday, ACV reduced fees for a range of airline services at airports, including service fees for aircraft navigation (cut by 50 per cent); and pipe ladder services, carousel rentals, automatic baggage handling, check-in counters and ground services (by 10 per cent).

China’s largest export items (in terms of volume) to the US by sea via container was furniture, bedding, and lamps in 2018. This accounted for 14 per cent of sea freight volumes exported to the US. Goods from this product category were hit in the tranche of tariffs applied on $200 billion worth of goods, initially 10 per cent in September 2018 before rising to 25 per cent in May 2019.

Competent forces of Vietnam and China on February 8 resumed customs clearance for exports and imports at Kim Thanh International Border Gate No. 2 in the northern province of Lao Cai.

Most importantly, seaport development planning must be based on the evaluation of the connectivity of seaports throughout the country, with seaports in other countries, with other transport infrastructure (road, railway, airport and in-land waterway system), with urban areas, economic zones, tourism zones, industrial zones and logistics centre.

Currently there are more than 4,000 transport and logistics companies operating in Vietnam, providing diverse and comprehensive services from the process of transporting goods to taxation or payment; in which 88% are domestic enterprises, 10% are joint-venture enterprises and 2% are foreign enterprises, concentrated mainly in two big cities, Hanoi and Ho Chi Minh City.

According to Decision No.22/2017/QD-UBND dated April 18, 2017, construction must take place at least 30m from the river bank, but several projects have failed to adhere to it. Those at fault include Saigon Riverside joint venture’s Riverside project, which has 13 structures located a mere 7.5m from the river, and Van Minh Co., Ltd., which has buildings 10m from the bank.

That is the response from the Vietnam National Shipping Lines (Vinalines) to a Bloomberg report claiming container shipping may need to grow at almost twice the pace of the last decade, which was reported at 10-12 per cent annually, to keep up with new, surging demand.

The current seaport system in the delta has yet to meet ever-increasing import-export demand of localities in the region as most ports are located deep in the mainland, which means the channels leading to the ports are often silted up, making them difficult for large vessels to access.