Seaport, logistics sector expected to navigate headwinds this year
Rosy signs in exports-imports, rising shipping fees, and new regulations on seaport services charges are believed to steer Vietnam's seaport and logistics sector through headwinds this year.
Seaport, logistics sector is expected to navigate headwinds this year. (Photo: VNA)
Hanoi (VNA) – Rosy signs inexports-imports, rising shipping fees, and new regulations on seaportservices charges are believed to steer Vietnam's seaport and logistics sector throughheadwinds this year.
SSI Securities Corporation said improvements inimport and export demand, especially through inventory replenishment in the USand Europe, as well as the supply, expected to remain stable until 2025, will helpseaport firms recover their yields.
It elaborated that US retailers will restock afterreducing inventories over the past one and a half years. Besides, the US FederalReserve (Fed)’s further interest rate cuts will support consumer spending andmanufacturing.
Meanwhile, seaport capacity will not change much until2025 when a number of large deep-water ports come into operation, including fourcontainer terminals of Lach Huyen Port, and Nam Dinh Vu 3 Port, both in thenorthern city of Hai Phong, and Gemalink 2A Port in Ba Ria-Vung Tau province inthe south, with a combined capacity of 3.3 million TEUs, or 12% of containerthroughput through Vietnam's ports last year.
The current geopolitical tensions worldwide may alsopush up container freight rates this year, the firm added.
Touching upon the Ministry of Transport (MoT)’s CircularNo. 39/2023/TT-BGTVT on seaport services fees, which started to come into force on February 15, 2024, the SSI said it had been anticipated by insiders as the ceilingprice of container handling services rise about 10% for both transshipment anddeep-water ports as compared to that stipulated in Circular 54/2018/TT-BGTVT.
The document serves as a foundation for seaportbusinesses to negotiate with shipping lines to increase handling services fees, said Ho Chi Minh City Securities Corporation (HSC).
In fact, operation results of seaport enterpriseswere quite good last year when the volume of goods through seaports grew by 5%,with the best performers in the central and southern regions.
For the logistics segment, experts said although mostof the firms suffered a decline in revenues last year, it can record a recoveryin output thanks to increased production activities, helpingease the pressure on average freight rates./.
The annual conference of the Vietnam Seaports Association (VPA) took place in Vung Tau city, the southern province of Ba Ria-Vung Tau, on September 21 with the participation of representatives from ministries, sectors, and 82 seaports across the country.
Seaports serve as important gateways for goods and services to reach the world, but they are also one of the main causes of environmental pollution. Therefore, greening seaports to balance environmental protection and economic development is now a trend in many countries, including Vietnam.
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Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
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Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
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The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
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With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
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.
Seaport, logistics sector is expected to navigate headwinds this year. (Photo: VNA) 
