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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

CAT LAI PORT REPORTS DROPPING REVENUE WHILE FACING OVERLOAD IN H1

In the second quarter, the company gained a net revenue of VND66.4 billion ($2.89 million) and after-tax profit of VND19 billion ($826,090), respectively down 18 and 29 per cent on-year. Gross margin was down 2 per cent to 40 per cent.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

HCM CITY PORT STOPS RECEIVING IMPORTS AS CONTAINERS PILE UP

Tân Cảng - Cát Lái Port in HCM City’s newly created Thủ Đức city will temporarily stop accepting imports by businesses that have suspended production so that it can clear a huge backlog of containers that have piled up.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

HCM CITY PLANS TO REPLACE TRƯỜNG THỌ PORT WITH NEW ICD

HCM City authorities are working on a new inland container depot (ICD) to be built in Long Bình Ward, District 9, to replace the existing Trường Thọ Port complex in Thủ Đức District.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

SEAPORTS FACE CHALLENGING FORECASTS

Despite reaching better business performance in 2021 so far compared to a problem-strewn previous year, foreign-invested joint venture seaports are facing challenges related to full capacity and container attraction.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIETNAMESE INVESTORS, CONTRACTORS STRUGGLE DUE TO HIGHER STEEL PRICE

Although local iron and steel prices have dropped, they are still at high rates, up 1.7 times compared to the end of 2020, causing investors and construction contractors to suffer.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

SEAPORT DOUBLE H1 PROFITS DESPITE PANDEMIC

According to the Vietnam Maritime Corporation (VIMC), seaports under the corporation’s management handled 67 million tons of cargo in the first half of the year and recorded revenues of more than VND4.5 trillion, a year-on-year increase of 124 percent.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

HO CHI MINH CITY PROPOSES 3-MONTH DELAY FOR SEAPORT FEES

Ho Chi Minh City Department of Transport has proposed delaying the collection of seaport infrastructure fees for three months to help businesses weather the COVID-19 storm.

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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

FREIGHT COSTS WEIGH DOWN ON DISRUPTED BUSINESSES

Phan Van Viet, chairman of jeans and khaki producer Viet Thang Jean Co., Ltd. (VitaJean), said that the costs to ship goods in a shipping container have tripled during the global health crisis. The rate for a container from Vietnam to Europe has risen from $3,000 pre-pandemic to $10,000 last month, the highest on record. This has caused several obstacles for VitaJean’s export activities to overseas markets.


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