Want to be in the loop?
subscribe to
our notification
Business News
LONG AN INTERNATIONAL PORT READY FOR INTERNATIONAL CONTAINERS IN 2025
Long An International Port is working with a number of global shipping companies to implement plans to transport goods internationally starting from 2025.
According to Ngo Thi Thanh Vy, deputy general director of Long An International Port Management and Operations JSC, currently, Long An International Port is exploiting domestic containers from the north, central and south and vice versa.
"We will start deploying international transportation in 2025," said Ngo Thi Thanh Vy, deputy general director of Long An International Port (LAIP) Management and Operations JSC.
Vy was quoted during a tour of the LAIP site for investors on November 1. The excursion was organised as part of the 2024 Vietnam Logistics Conference, organised by VIR from October 31 to November 1 in Ho Chi Minh City.
"When opening a new route, shipping lines must be calculated carefully. LAIP is gradually investing efforts to provide customers with the best solution," said Vy.
LAIP will connect domestic and international trade with the Mekong Delta region and Long An province. The port will also connect goods and warehouses with provinces in the Mekong Delta region and Ho Chi Minh City, and the Southeast region with the Cambodian market.
According to Vy, currently about 70-75 per cent of goods in the Mekong Delta region transported by road or through ports in Ho Chi Minh City and Ba Ria-Vung Tau province.
"The Mekong Delta is a massive market for business as well as a focal point for agricultural exports. However, the area is a major bottleneck, lacking an adequate logistics system to export goods," she said. "This is wasteful because transportation usually accounts for 30-40 per cent of costs, depending on location and the type of product."
Goods passing through LAIP do not have to bear infrastructure fees, meaning goods transported through the port will save 10-30 per cent on transportation costs.
Anand Awasthi, procurement executive at Valency International Vietnam, spoke of the many advantages LAIP has to entice businesses.
"The most important thing is the location, and LAIP has a very advantageous location. The second most important is the service costs, which are also favourable," said Awasthi.
Valency International Vietnam already has a long-term agreement with LAIP and Awasthi hopes to see further cooperation in the future.
Vo Quoc Huy, chairman of LAIP JSC, spoke about the port's maim investor, Dong Tam Group. "There is currently no other large-scale seaport in the Mekong Delta region. Dong Tam Group invested in LAIP to help businesses in the region transport their goods quickly and efficiently," he said.
Source: VIR
Related News
INFOGRAPHIC SOCIAL-ECONOMIC SITUATION IN THE OCTOBER AND TEN MONTHS OF 2024
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
WINE TRAINING: WINES OF THE WORLD - SPAIN & LATIN AMERICA
This training program aims at exploring the world of fine wines and wine appreciation. Participants shall progressively build confidence in their relationship with wine appreciation throughout the workshop, with a greater focus in Spanish and Latin-American wines.
HANOI, HCM CITY APARTMENTS NOW OUT OF REACH FOR MOST LOCALS
According to a recent report by the National Assembly’s supervision delegation on the real estate market laws, policies and social housing development, about 3,63 commercial housing and urban development projects were initiated in 2015-2023, covering a total area of nearly 11,200 hectares.
MONETARY POLICY FLEXIBLE AND STABLE
Following four consecutive sessions of treasury bill issuance, interbank interest rates have rebounded. By October 23, overnight VND rates were at 3.83 per cent, while the one-week rate reached 3.99 per cent, an increase of 1.1 per cent and 1.03 per cent from the previous week.
BIG PLAYERS KEEN ON PORT DEVELOPMENT
Swiss-headquartered Mediterranean Shipping Company (MSC) is eyeing investments in Vietnamese ports. MSC Group president Diego Aponte expressed this intention during a meeting in Switzerland with Vietnam’s Commission for the Management of State Capital at Enterprises in early October.
NEW ERA OF SUSTAINABLE FUEL IN AVIATION BUILDS MOMENTUM
Dinh Viet Phuong, CEO of Vietjet, emphasised the importance of these flights, describing them as “green flights” that contribute to the greening of the aviation sector. “As a pioneer in the research, development, and use of SAF, Vietjet is committed to reducing carbon emissions and supporting the sustainable development of the aviation industry,” he said.