Want to be in the loop?
subscribe to
our notification
Business News
GEMALINK INTERNATIONAL PORT WELCOMES FIRST COMMERCIAL VESSEL
The first phase of the Gemalink international port, which is located in the southern province of Ba Ria-Vung Tau, was put into operation with the welcoming of the first commercial vessel on January 19.
The 165.375-DWT CMA CGM CORTE REAL vessel is one of the largest container vessels in the world. It will unload over 8,200 TEU worth of goods in the port.
Earlier on December 30, 2020 and January 7, 2021, the port received two pilot ships from CMA-CGM.
Gemalink port is the biggest project of deep sea container port in Cai Mep – Thi Vai area with 72ha total area, 1,150m main berth and 370m feeder berth.
The first phase includes 800m main berth for mother vessel, 260m side berth for feeder on the 33ha area. The port capacity in the first phase is 1.5 million Teusper year. The whole project capacity is 2.4 million Teusper year.
Gemalink port has some competitive advantages such as convenient location at the river mouth with the deepest draft for proper turning basin, the longest main berth, the only deep sea container port at Cai Mep Thi Vai being designed with dedicated berth for feeder to connect Ho Chi Minh City and Mekong Delta Area, the capability to accommodate 200,000DWT vessel and strong cargo commitment from global carriers.
The introduction of Gemalink, which is the gateway to the South of Viet Nam, will contribute remarkably to the release of congestion at Ho Chi Minh City’s ports, meet the demand for cargo trading between Viet Nam and other countries in the region and in the world as well as the demand of Gemadept’s partner in Gemalink JV that is CMA-CGM and its shipping alliance.
Gemalink international port becomes one of the top 19 trading ports of the world capable of accommodating the largest vessel size up to 200,000 DWT and being among the most important transshipment hubs of Southeast Asia.
Especially with the strong development potentials from the Free Trade Agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA), Gemalink Port will contribute to promoting the economic growth of Ba Ria - Vung Tau province and the whole country.
Source: VGP
Related News
![Card image cap](/uploads/news/Eco2.jpg)
GOV’T UNVEILS ACTION PLAN TO ACCELERATE INDUSTRIALISATION
Vietnam aspires to become among the top three industrial powerhouses in ASEAN, with the industrial sector contributing over 40 per cent to GDP. The manufacturing and processing sector is expected to account for around 30 per cent of GDP, with a strong emphasis on high-tech products aiming for over 45 per cent of the sector's value. To further drive the economy, the service sector is projected to contribute over 50 per cent to GDP, with tourism alone generating 14-15 per cent.
![Card image cap](/uploads/news/economic.jpg)
VIETNAM’S H1 ECONOMIC GROWTH QUITE IMPRESSIVE: ADB COUNTRY DIRECTOR
Country Director of the Asian Development Bank (ADB) for Vietnam Shantanu Chakraborty has expressed his impression of the Southeast Asian nation’s economic growth of 6.4 per cent in the first half of this year. The growth was mainly driven by strong trade recovery, where export grew by 14.5 per cent and import by 17 per cent over last year, he told the Vietnam News Agency. However, he said, the domestic segment remained sluggish.
![Card image cap](/uploads/news/Infrastructure13.jpg)
REAL ESTATE FIRMS AGGRESSIVELY RESTRUCTURING BOND DEBT
From the start of 2024 to July 5, the market saw 133 private placements and ten bond public offerings, totalling over VNĐ140 trillion. 65.6 per cent of this value was from the banking sector, while real estate bonds accounted for only 24.6 per cent, or over VNĐ34.5 trillion.
![Card image cap](/uploads/Logo/Cathay%20%281%29.jpg)
ONE-TIME OFFER: COMPLEMENTARY CATHAY PACIFIC LOUNGE PASS
Begin your trip on the right note in Cathay Pacific’s first-ever ferry lounge, located at Shenzhen’s Shekou Cruise home port. Situated at the end of the pier, the ferry lounge offers a breathtaking 270-degree view of the sea. You can immerse yourself in sheer luxury and revel in the panoramic beauty. Catch a glimpse of Hong Kong in the distance.
![Card image cap](/uploads/news/Industrial%20Zone.jpg)
VIỆT NAM TARGETS FULL MOBILE BROADBAND COVERAGE ON HIGHWAYS, INDUSTRIAL ZONES BY 2025
By 2025, Việt Nam aims to achieve one hundred per cent mobile broadband coverage on all national highways, expressways and railways under a plan to enhance the quality of Việt Nam’s mobile telecommunications network by 2025, which has been approved by the Ministry of Information and Communications (MIC).
![Card image cap](/uploads/news/Investment6.jpg)
VIETNAM ONE OF FASTEST-GROWING E-COMMERCE MARKETS IN SOUTHEAST ASIA
The report released on July 16 highlighted that the total GMV of Southeast Asia’s eight leading e-commerce platforms rose to $114.6 billion in 2023, up 15 per cent from 2022. The key drivers for the region's e-commerce GMV expansion in 2023 are Vietnam and Thailand, growing 52.9 per cent and 34.1 per cent on-year, respectively.