Hai Phong Port to earn 60 million USD this year

Hai Phong Port expects to earn revenues of 1.23 trillion VND (58.6 million USD) from handling 19 million tonnes of cargo this year, up 300 million USD and 1.5 million tonnes against last year.
Hai Phong Port expects to earn revenues of 1.23 trillion VND (58.6million USD) from handling 19 million tonnes of cargo this year, up 300million USD and 1.5 million tonnes against last year.

"Wewill make great efforts to realise the target. However, the resultspartly depend on factors of business environment, demand of traders andeconomic development," said Nguyen Van Thanh, deputy director of theHai Phong Port administration office.

To better satisfy demand of enterprises, the company has invested in raising the port's loading capacity, he said.

Particularly, the port had invested about 1.5 trillion VND (71.4million USD) into Tan Cang Hai Phong or New Hai Phong Port inDinh Vu with seven wharves over a total area of 47.5ha, with combinedloading capacity of 7 million tonnes of cargo per year. It is the onlyport in Hai Phong capable of welcoming 20,000 tonne vessels.

"Six wharves have been put into operation and the port expects to start operation of its 7th later this month," Thanh said.

Duong Thanh Binh, chairman of the management board of the Hai PhongPort , said that bold investment in upgrading equipment andtechnologies at the port has helped improve loading capacity, shortenthe time for handling cargo as well as increase the volume of cargoundergoing customs clearance procedures at the port.

Appropriate equipment and technology selection played a significant rolebecause it must be suitable to the financial capacity of eachenterprise and at the same time ensure loading requirements – quick,accurate and safe, he added.

In the first quarter of thisyear, the port handled 4.4 million tonnes of cargo, up 7 percent againstthe same period last year.

Besides Hai Phong Port ,the city has eight others, including Vat Cach, Dinh Vu and Nam Dinh Vu,Song Cam, Dien Dien, Doan Xa, Hai An and a port for seafood. Thecomplex of ports in Hai Phong City makes it the biggest in thenorthern area and the second largest in the country.

Allports in the city handled a total 10.9 million tonnes of cargo in thefirst quarter of this year, up 11.8 percent from the same period lastyear.-VNA

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