Vietnam’s port sector will flourish this year as trade in goods is expected to thrive on the back of recovery in production, domestic consumption, and export markets, according to industry analysts.
MSC Oliver, one of the world’s largest container ships, has docked at the Cai Mep International Terminal (CMIT) in Ba Ria - Vung Tau province earlier this week.
Ho Chi Minh City will continue to move its ports to its outskirts to ease congestion on roads outside them and build new ones under a national port master plan for 2020-2030.
Weak regional connectivity across land, air and sea has hampered the growth of the southeastern region of Vietnam. Economists believe for the region to develop, it needs to change its mind set and strategy.
The Vietnam National Shipping Lines (Vinalines) began operation under the model of joint stock company on August 18, making its new international trading name Vietnam Maritime Corporation (VIMC).
The southern coastal province of Ba Ria - Vung Tau has asked the Government to allocate capital from the central budget to speed up progress of national key projects in the province over the next five years.
Despite short-term difficulties, the prospects for industrial park stocks will increase after the COVID-19 pandemic is over, driven by the relocation of global firms to diversify supply chains, with many picking Vietnam as their destination.
The Ministry of Planning and Investment (MPI) held a teleconference on August 31 to look into orientations for making plans on socio-economic development and public investment in the southeastern and Mekong Delta regions in the next few years.
Statistics from the Vietnam Maritime Administration showed that despite being affected by the COVID-19 pandemic, the total volume of goods through Vietnamese seaports reached nearly 485.3 million tonnes in the first eight months of this year, representing year-on-year growth of 6 percent.
Doosan Heavy Industries Vietnam (Doosan Vina) on July 2 shipped two Rail Mounted Quayside Cranes (RMQC) cranes to Gemalink International Port in the southern province of Ba Ria-Vung Tau province.
A workshop was held in the southern province of Ba Ria – Vung Tau on June 18 to seek ways to develop seaports and logistics services, which are important components of the local economy.
Prime Minister Nguyen Xuan Phuc on May 30 requested the southern key economic region to strive to become a powerful and prosperous region by 2035, ten years ahead of the deadline for the same goal for the whole Vietnam.
The southern coastal province of Ba Ria – Vung Tau has exploited its natural beauty and taken advantages of its oil and gas sector for economic development, turning itself into a sustainably developed region in the Southern Focal Economic Zone of Vietnam.
The southeastern province of Binh Phuoc is seeking the construction of a highway from its Chon Thanh district to HCM City and a rail link from the district to Cai Mep-Thi Vai deep-water port in Ba Ria-Vung Tau province to facilitate goods transportation and attract investors.
Developing infrastructure is an indispensable trend that the southern province of Ba Ria-Vung Tau is following to achieve the goal of comprehensive development, the provincial People’s Committee has said.
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