The Quy Nhon New Port Joint Stock Company has put into operation a220-metre wharf, which can handle 37,500-tonne container ships.
The new facility, which was built next to the main wharf with a costof 200 billion VND (9.4 million USD), aims to ease the overloaded QuyNhon port, said General Director of the Quy Nhon port Nguyen Huu Phuc onNovember 5.
The Quy Nhon port has received over1,000 ships so far this year, including 529 from abroad with customsclearance for more than 5.7 million tonnes of goods, a year-on-yearincrease of 16.6 percent. It is expected to pass 6.3 million tonnes ofcargo through customs at the end of this year .
Thanks to its geographical advantages, the Quy Nhon port complex is hometo three seaports, including two trade ports, namely Quy NhonPort and Quy Nhon New Port, and a military port.
These ports serve as a gateway connecting the East Sea to theCentral Highlands, Laos, northern Cambodia and north-easternThailand.
As a result, the demand for goods viathe port complex is expected to surge in the coming years, and Quy Nhonwill be a key entrepôt in the region in the foreseeable future.-VNA
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
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A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
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Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
