Want to be in the loop?
subscribe to
our notification
Business News
MAERSK LINE LAUNCHES DIRECT SERVICE BETWEEN BR-VT AND U.S. EAST COAST
Cargo can now be directly shipped from Vietnam to Newark, Charleston, Savannah and Miami in the U.S., thus cutting shipment time between Vietnam and the U.S. East Coast. For instance, it will take 25 days to carry goods from Vietnam to Newark, down from 28 days, 28 days to Charleston, 29 days to Savannah, and 32 days to Miami.
According to Maersk Line in Vietnam, two-way trade between Vietnam and the U.S. has grown strongly since the two nations normalized diplomatic ties two decades ago. Export and import volumes of containerized cargo have grown at double-digit rates.
The Trans Pacific Partnership (TPP) trade pact which Vietnam signed with 11 other Pacific Rim countries, including the U.S., in February this year will help boost two-way trade between Vietnam and the U.S. Therefore, Maersk Line’s new direct service and current shipping link between Ba Ria-Vung Tau and the U.S. West Coast form a complete shipping system and thus quicken cargo transport.
The shorter shipping time allows local enterprises to reduce costs and strengthen the competitiveness of Vietnamese goods like seafood, apparel and footwear.
The Ministry of Transport met last Thursday with leaders of A. P. Moller and the Maersk Group to allow the carrier to add more large ships to the Cai Mep-Thi Vai port complex.
Rene Piil Pedersen, Group representative for the Maersk Group in the Asia-Pacific region based in Singapore and managing director of A. P. Moller Singapore Pte Ltd., said that after the launch of the Ba Ria-Vung Tau-U.S. East Coast service, Maersk Line would bring container vessels of 18,000 TEUs with a length of 400 meters to Ba Ria-Vung Tau to carry cargo to northern Europe in 2017.
Deputy Minister of Transport Nguyen Van Cong said the ministry has allowed shipping lines to bring vessels with a loading capacity of over 18,000 TEUs to some terminals in Cai Mep-Thi Vai port complex. The ministry has a plan to dredge the navigational passage to a depth of 15.5 meters to allow in larger vessels.
Maersk Line is the world’s leading shipping firm providing container transport services with three brands Maersk Line, Saftmarine, and Sealand. It now has 374 offices in 130 countries with 25,500 staff and a fleet of 610 vessels with 7,100 sailors. The firm is holding majority stakes in MCC Transport in Asia, Seago Line in Europe, and Mercosul in Brazil. The Maersk Group owing Maersk Line has its head office located at Copenhagen, Denmark with 89,207 staff in 130 nations.
Source: The Saigon Times
Related News
QUARTERLY PIT FILING FOR EMPLOYMENT INCOME APPLIES FROM APRIL 2026
Deloitte Vietnam would like to update members of HKBAV on a recent change to Personal Income Tax (“PIT”) filing procedures, which applies from April 2026 onwards. On 7 April 2026, the Government issued Resolution No. 66.16/2026/NQ-CP, setting out its direction to reduce and simplify administrative procedures and regulations affecting business activities. The Resolution took effect on 15 April 2026.
INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN APRIL OF 2026
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.
PHU QUOC MAKES UP OVER 80% OF AN GIANG’S TOURISM REVENUE
Phu Quoc Special Zone has accounted for more than 81% of An Giang Province’s tourism revenue so far this year, while attracting nearly all international visitors to the province. Tourism revenue in An Giang has reached an estimated VND33.17 trillion in January-May, up 37.2% from a year earlier. The province has welcomed more than 13.3 million visitors, up 12.1%, while international arrivals have grown 48.4% to around 1.18 million, reported the Vietnam News Agency.
VIETNAM OUTLINES SUSTAINABLE AGRICULTURE AGENDA FOR NEXT FIVE YEARS
Vietnam’s agriculture sector has set targets of achieving average annual GDP growth of 3.6-4%, increasing export revenue by 10-12% per year, and cutting greenhouse gas emissions by 8-9% over the next five years. The targets form the core of a broader strategy to shift from low-value agricultural production toward higher-value products and build an ecological, green and low-emission agricultural sector with more efficient resource management.
OUTSTANDING LOANS IN HCMC, DONG NAI TOP VND6 QUADRILLION
Total outstanding loans in HCMC and Dong Nai City had amounted to VND6 quadrillion as of April 2026, accounting for 31.1% of the total in Vietnam’s banking system. The latest figures were released on May 26 by Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Area 2 branch, which oversees HCMC and Dong Nai City.
KNIC OFFICIALLY HOLDS GENERAL CONTRACTOR CEREMONY FOR INFRASTRUCTURE CONSTRUCTION AT KNIC NAM LONG THANH IP
On May 21, 2026, KNIC officially launched the infrastructure construction for Phase 1 of KNIC Nam Long Thanh Industrial Park (Bau Can - Tan Hiep), spanning 1,000 hectares in Dong Nai. Following the completion of all key legal and planning procedures, this milestone marks the project’s transition into active on-site implementation.
























