INDUSTRY NEWS
Vietnam needs $13.3 bn to develop seaport system by 2030: Ministry
March 30, 2023
Vietnam will need $13.3 billion to develop a seaport system by 2030, the transport ministry said. Seventy-eight per cent of that will be used for developing ports, and the rest for public maritime infrastructure. Light houses in islands and archipelagos, infrastructure for marine safety and coastal information stations would also be built.
Vietnam shipping firm Hai An plans to issue $21 mln in bonds
13 June 2023
Vietnam’s Hai An Transport and Stevedoring JSC plans to issue a maximum of VND500 billion ($21.3 million) of private placement bonds from 2023-2024.In 2023, Hai An has targeted total revenue of VND2.96 trillion ($125.98 million) and post-tax profit of VND492 billion ($20.95 million). Total output will reach 1,006,000 TEU (twenty-foot equivalent unit), of which port operations will account for 418,000 TEU, container transport 396,000, and depots 192,000.
The company also plans to continue implementing a project to build three new ships of 1,800 TEU (Bangkok Mark IV) at an estimated cost of VND2 trillion ($85.15 million), and continue looking for suitable used ships when there is an opportunity.Hai An is looking to increase its market share of container transport and the scope of operations on domestic routes.
Vietnam, Belgium promote partnership in seaport, logistics
13 June 2023
The Vietnamese Embassy and Vietnam Trade Office in Belgium in coordination with the Belgian-Vietnamese Alliance (BVA), the Flanders Investment & Trade (FIT) and The Beacon Group, aiming to promote Vietnam-Belgium cooperation in seaport and logistics. Vietnam and Flanders share many similarities, including their strength in seaports. With its strength in digitalisation and multimodal transport, Belgium can assist Vietnam in optimising the development and operation of seaports to seize opportunities and overcome challenges in the rapidly digitalisation era.
Transport ministry backs Mekong Delta province to build mega seaport
12 JUNE 2023
Vietnam’s Ministry of Transport has backed the Mekong Delta province of Soc Trang to look into the construction of a giant offshore seaport. The ministry replied to Soc Trang province’s proposal to build the seaport under the public-private partnership (PPP) format and conduct a pre-feasibility study using the state budget.
Soc Trang authorities discussed investment opportunities in Vietnam's infrastructure, particularly the Tran De seaport project. The 4,550-hectare Tran De seaport needs an investment of VND55.7 trillion ($2.27 billion) until 2030, and after that VND146.3 trillion ($6.23 billion) from the private sector. Tran De seaport, as a gateway to the Mekong Delta, will receive vessels of up to 160,000 deadweight tons (DWT) and handle 30-35 million tons of goods a year by 2030. By 2050 and beyond, the seaport will receive vessels of up to 200,000 DWT and handle 80-100 million tons of goods annually.
Logistics heavyweight Gemadept plans further port expansions
11 JUNE 2023
Gemadept, a leading port operator and logistics firm in Vietnam, will continue to expand two of its major ports in the country this year. The upgrades will take place at Gemalink Port in Ba Ria-Vung Tau province in the south and Nam Dinh Vu Port in Hai Phong city in the north.The first expansion project is the second phase at Gemalink Port, which covers 39 hectares, to handle vessels of 250,000 tons deadweight tons (DWT). The first leg of the second phase is set for completion by 2025, followed by the second leg in 2027. At Nam Dinh Vu Port, work is set to begin in the fourth quarter of this year, and a completion date has been set for the end of 2025.
For this year, Gemadept targets revenue of VND3.92 trillion ($167 million), up 3% against last year’s plan, and profit before tax of VND1.14 trillion ($48.4 million), up 14% compared with last year’s plan.
Trelleborg to build modern maritime product manufacturing plant in Vietnam
8 JUNE 2023
Trelleborg Marine and Infrastructure has set its sight on Vietnam for the establishment of an advanced manufacturing facility, cited Port Technology International, marking a strategic move to expand its presence in Southeast Asia and cater to the growing demand for maritime and infrastructure products.
This manufacturing facility is expected to be completed by the end of 2025 and commence operations in 2026. The plant will be located in the specialised industrial park (SIP) of Phu My 3 in the southern province of Ba Ria-Vung Tau, one of the eight key economic province in southern Vietnam. According to the European Rubber Journal, the plant will require an investment of around SEK400 million (approximately $36.6 million).
Vietnam's seaports register 8.4% growth in 2015-2022
24 May 2023
Vietnam's seaport throughput almost doubled from 2015-2022, with an 8.4 per cent average growth rate, as per the Vietnam Maritime Administration.
Container goods handling also surged at an average rate of 11.9 per cent; cargo volume rose from 126.3 million tonnes in 2015 to 243 million tonnes in 2022.
Q1 2023 saw seaport throughput exceed 165 million tonnes.
VIMC, Adani cooperate on $2 Billion seaport development
1 June 2023
Vietnam Maritime Corporation (VIMC) and India’s Adani Ports and SEZ Ltd. (APSEZ) on May 24 signed a MoU to cooperate in seaports and logistics development with an investment of about 2 billion USD. VIMC will implement a strategy of strong breakthroughs in maritime service infrastructure, development of seaports, especially deep-water seaports in key economic regions of Vietnam.
Hai Phong set to build Vietnam’s largest seaport FTZ
31 May 2023
The largest seaport free trade zone (FTZ) in Vietnam will be constructed in Xuan Cau industrial park in Hai Phong.The Xuan Cau industrial park and non-tariff zone on Cat Hai Island, spanning an area of 752 hectares and a total investment capital of 11,110 billion VND, have received official approval for development.
The project is anticipated to attract leading global businesses specializing in shipping and logistics, thereby establishing a new transhipment center for Hai Phong and the entire country. The project will join the Lach Huyen seaport in contributing to the development of a modern and well-equipped seaport for Hai Phong. Notably, the project will be able to accommodate container ships weighing up to 150,000 DWT.
Grand Opening Phase II of Nam Dinh Vu Port
May 24, 2023
On May 24th, Gemadept Corporation officially held a grand opening ceremony for phase II of Nam Dinh Vu Port, commencing operations in a two-phase area spanning 42 hectares. With an 880-meter berth length and a capacity of 1.2 million TEUs per year, the port can now accepts three cargo vessels simultaneously.
At this event, Gemadept Corporation affirmed that the upcoming phase III will aim to establish the largest and most comprehensive river port at Đình Vu (Hai Phòng). This expansion expects to accommodate feeder vessels, the largest inland Asian ships, and make it possible to receive up to four vessels.
Phase III of NDV port will start operation in 2025, with a total designed handling capacity of 2 million TEUs per year, encompassing seven berths length up to 1.5 kilometers, and the largest call in this area can reach up to 48,000 DWT. This project is part of the investment plan to enhance the port logistics ecosystem's capacity, satisfy market needs, and provide great value to customers.
Singapore's PSA continues to ride M&A wave with Vietnam acquisition
May 25, 2023
PSA International has acquired a strategic minority stake in SOTRANS Group (STG) from Indo-Trans Logistics(ITL) through its fully-owned subsidiary, PSA Cargo Solutions Vietnam Investments. The latest venture in Vietnam strengthens PSA's network in the region and is in line with its aspiration to be a global supply chain orchestrator and enabler of sustainable trade.
More private capital required for VN seaports
April 20, 2023
A downturn in exports may prompt the private sector to reevaluate its investment plans in the nation’s seaports, which are estimated to require over $13 billion by 2030.
Vietnam’s largest non-tariff seaport zone kicked off in Haiphong
May 14, 2023
The US$ 469-million Xuan Cau Industrial and Non-Tariff Cluster is located at Lach Huyen Deep Sea Port in the northern port city of Haiphong.
Invested by Vietnamese firm, Xuan Cau-Lach Huyen Investment JSC, the project covers 369 hectares of industrial production areas and 173 hectares of warehousing and logistics service areas in Dinh Vu-Cat Hai Economic Zone. According to the Haiphong City People's Committee, the seaport industrial park will play a logistics role for Lach Huyen Port, which can handle container ships of up to 150,000 DWT. The first phase is expected to be completed in 2025 and will employ about 50,000 workers.
HCMC hub port a 'breakthrough'
May 13, 2023
A $5.4 billion hub port in HCMC's Can Gio District will be a breakthrough for both the southern metropolis and the Mekong Delta, an economic expert said Friday.
Construction of the port, expected to cost VND129 trillion ($5.4 billion), will be divided into seven stages. The first stage is expected to be completed in 2024, while the final stage would be completed in 2045. An overpass and more roads would also be built to connect the port with automobile traffic throughout the south.
APM Terminals, HATECO to develop new Vietnamese terminal
March 27, 2023
APM Terminals (APMT) has announced a strategic partnership with Vietnamese HATECO group for a project to develop two new deep-water berths at Lach Huyen port in Haiphong City, Vietnam. The project is anticipated to see the development of two berths with the total length of 900 metres (450 metres each), capable of accommodating container vessels with a capacity of up to 18,000 TEU.
The investor, HATECO, intends to complete all construction works and deploy equipment by the end of 2024 and the new terminal is expected to become operational by Q1 2025, reported APMT. In the initial phase, the facility will have 5 ship-to-shore (STS) cranes and 14 rubber-tyre gantry (RTG) cranes.
ZIM and Hai An form joint venture for shipping services in Vietnam
Feb 27, 2023
ZIM Integrated Shipping Services and Hai Phong-based Hai An Transport and Stevedoring Joint-stock Company (HATS), have announced the launch of Lotus Link, a joint venture to operate domestic shipping services in Vietnam.
The joint venture will serve major Vietnamese ports Ho Chi Minh City, Da Nang and Hai Phong, as well as satellite provinces and their catchment areas, where direct access to domestic and international shipping services is currently limited. The initiative aims to benefit Vietnamese manufacturers, importers, and exporters.
Investments in ports - more high-tech and more Asian
Jan 14th 2023
Driverless vehicles whizz across five new berths at Tuas Mega Port, which sits on a swathe of largely reclaimed land at the western tip of Singapore. Unmanned cranes loom overhead, circled by camera-fitted drones. The berths are the first of 21 due by 2027. When it is completed in 2040, the complex will be the largest container port on Earth, boasts PSA International, its Singaporean owner.
Vietnam Seaport Industry to See Brighter Outlook In 2023
December 29, 2022
The outlook for Vietnam’s seaport industry may be brighter in the near future thanks to strong FDI disbursement and some trade agreements entering into force, according to VNDirect Securities.
The global seaport and shipping industry will face many difficulties in 2023 due to the economic downturn, which negatively affects trade activities and sea freight volume, said the leading Vietnamese broker in a new report.
China’s Self-Driving Trucks: Eco-Efficiency to Port in Thailand
21 October 2022
Equipped with advanced AI machine-learning technology and a wireless charging system, the Chinese-made Q-Trucks are able to operate non-stop for more than 24 hours or can travel as far as 140 km.
Suttirat Tosak was happy to see his new partners from China, 20 electric and autonomous Q-Trucks, join in loading and unloading activities at Laem Chabang port, Thailand's largest deep sea port.
Gulf Energy-led consortium signs $927 million deal on Laem Chabang Phase III project
December 2, 2021
A joint venture (JV) led by Gulf Energy Development Plc will develop Phase III of Thailand’s Laem Chabang port following a new deal signed with the national authority. On 25 November the JV signed the public-private partnership contract with the Port Authority of Thailand (PAT) worth 30.9 billion baht ($927 million) to develop Laem Chabang Port Phase 3, Terminal F project in Chonburi province.
Master plan approved on Vietnam's seaport system development in 2021-2030
September 22, 2021
Deputy Prime Minister Le Van Thanh signed Decision 1579/QD-TTg, approving the master plan on development of Viet Nam’s seaport system in the 2021-2030 period, with a vision towards 2050.
The master plan sets out the target that, by 2030, the throughput of goods through the seaport system is expected from 1,140 to 1,423 million tons (of which container cargo is from 38 to 47 million TEU); with 10.1 to 10.3 million passenger arrivals. Regarding infrastructure: To give priority to develop international gateway ports: Lach Huyen (Hai Phong) and Cai Mep (Ba Ria-Vung Tau).
In addition, strive to 2050, to develop the synchronous and modern seaport system on a par with the region and the world, meeting green port criteria; the capacity of the seaport system will meet the demand for throughput of goods with an average growth rate of about 4.0 to 4.5%/year; the average growth of passengers is about 1.2 to 1.3%/year.
By 2030, Viet Nam needs to seek about VND 313 trillion (US$ 12.8 billion) to modernize the seaport system.
This Decision takes effect on the signing date.