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Cargo through seaports nearly doubles in 7 years

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Vietnam’s seaport throughput nearly doubled between 2015 and 2022, averaging 8.4%, said the Vietnam Maritime Administration (VMA).

Cargo through seaports nearly doubles in 7 years hinh anh 1Illustrative photo (Source: VNA)

HanoiVietnam’s seaport throughput nearly
doubled between 2015 and 2022, averaging 8.4%, said the Vietnam Maritime
Administration (VMA).

In the period, the average growth rate of container goods handled
alone was 11.9%.

In 2015, the volume of container cargo via ports reached about 126.3 million
tonnes (11.5 million TEUs). In 2022, this figure hit more than 243
million tonnes, an increase of nearly 5% compared to the same period in 2021
and more than two times higher than seven years ago.

In the first quarter of this year, Vietnam’s seaport throughput
exceeded 165 million tonnes, including close to 53 million tonnes of container
cargo.

In the master plan on Vietnam’s seaport system development for 2021-2030, with
a vision to 2050, the VMA forecasts about 1,422.5 million tonnes of goods through local seaports by 2030, including 559 million tonnes of container
cargo./.

Source: https://en.vietnamplus.vn/cargo-through-seaports-nearly-doubles-in-7-years/253438.vnp

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Vietnam’s Hai Phong City attracts extra $1.4 billion in foreign investment

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Several enterprises from South Korea and Japan were granted investment certificates on Friday to develop FDI projects at industrial parks in the northern port city of Hai Phong, with a total pledged capital reaching nearly US$1.4 billion.

The investment certificate handover ceremony was attended by Le Tien Chau, secretary of the municipal Party Committee.

The Hai Phong Economic Zone Management Board presented an investment certificate to Ecovane, a subsidiary of the South Korean chemicals maker SKC, to develop a hi-tech biodegradable material factory project worth $500 million.

Other key projects receiving the certificates at the event included a BW ready-built factory worth $60 million and a $40-million auto parts manufacturing plant by China’s CCTY Bearing Company.

Besides, Japan’s Kyocera Document Solutions Inc was approved to pour an additional $237.5 million into its machine and equipment manufacturing plant project, raising the project’s total investment to $425 million.

The municipal Economic Zone Management Board also finished the selection of investors for two social housing projects worth a combined $400 million, whose work is expected to begin this year.

Once completed, the social housing projects will offer more than 8,000 apartments to around 22,000 people, contributing to the city’s efforts to ensure social security and stable accommodations for low-income employees.

Hai Phong City in northern Vietnam attracted an additional US$1.4 billion of foreign capital in September 2023. Photo: Tien Thang / Tuoi Tre
Hai Phong City in northern Vietnam attracted an additional US$1.4 billion of foreign capital in September 2023. Photo: Tien Thang / Tuoi Tre

In the year to September 20, industrial parks and economic zones in Hai Phong had attracted roughly $3.1 billion of investment, reaching 120 percent of its 2023 target, said Le Trung Kien, head of the city’s Economic Zone Management Board.

Up to now, over 1,000 FDI projects worth a combined $28 billion have been developed in this northern port city, which granted investment certificates to 45 FDI projects with a total pledged capital of nearly $2.1 billion and 11 DDI (domestic direct investment) projects with a total cost of some $600 million last month.

The city’s Economic Zone Management Board previously had a working session with South Korea’s Chungbuk Free Economic Zone, which sought to cooperate with businesses active in Hai Phong as well as support them in technology transfers and human resources training.

The investment in semiconductor technology in Hai Phong is expected to advance further as SKC, the chemical unit of South Korea’s SK Group, inked a memorandum of understanding with Hai Phong to study the investment environment for advanced semiconductor materials, secondary batteries, and some other eco-friendly materials.

SK Group is the second-largest conglomerate in South Korea, just after Samsung, focusing on four main areas including energy and chemicals; telecommunications; semiconductors and other advanced materials; pharmaceuticals and logistics services, according to the Hai Phong Economic Zone Management Board.

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Source: https://tuoitrenews.vn/news/business/20230923/vietnams-hai-phong-city-attracts-extra-14-billion-in-foreign-investment/75742.html

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VinFast’s 5th electric vehicle costs under $30,000

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VinFast’s 5th electric vehicle costs under $30,000

VinFast VF 6 is introduced in an even in Ho Chi Minh City on Sep. 29, 2023. Photo by VnExpress/Thanh Nhan


Vietnamese automaker VinFast has launched its fifth electric car, the VF 6 crossover in the small-car segment, with base prices starting at VND675 million ($27,800).

The Plus version, which offers a range of 399 kilometers compared to the base’s 381 kilometers, costs VND765 million.

The battery costs VND90 million for each version.

Any customer who does not buy the battery can lease it for VND1.8 million a month, with a maximum monthly distance of 1,500 kilometers.

Sales begin October 20 and deliveries will be scheduled for the end of this year.

The VF 6 is in the same price range as the Hyundai Creta (starting at VND640 million) and the Kia Seltos (from VND599 million).

The B-segment (European classification’s smallest-car category) is rife with competition in Vietnam thanks to offerings by Japanese, South Korean, German and Chinese brands all seeking a bigger share.

Source: https://e.vnexpress.net/news/business/companies/vinfast-s-5th-electric-vehicle-costs-under-30-000-4659228.html

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Coordinating council for Mekong Delta region opens first meeting

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The coordinating council for Mekong Delta region opened its first meeting in Bac Lieu province on September 27 under the chair of Deputy Prime Minister Le Minh Khai, who is also head of the council.

Coordinating council for Mekong Delta region opens first meeting hinh anh 1At the meeting (Photo: VNA)

Bac Lieu – The coordinating council for Mekong Delta region opened its first meeting in Bac Lieu province on September 27 under the chair of Deputy Prime Minister Le Minh Khai, who is also head of the council.

At the meeting, which saw the participation of officials from central agencies and representatives from 13 regional localities, participants discussed specific mechanisms and policies for the region’s development, as well as the connectivity and coordination among projects that promote intra-regional and inter-regional links.

Deputy PM Khai affirmed the meeting was an opportunity to promote the potential and strength of the region, and put forward solutions to existing problems.

He highlighted the region’s particularly important strategic position in terms of economy, culture, society, environment, defence, security, and foreign affairs of the country. 

According to the Deputy PM, located in the country’s southernmost part, the Mekong Delta region is a bridge connecting Vietnam with other countries in ASEAN, especially those in the Mekong Subregion. It is also the country’s key agricultural region with various key products, especially rice, shrimp, tra fish, and fruits, and plays a huge role in the ecological environment, water security, and food security for the whole country.

Chairman of the Bac Lieu provincial People’s Committee Pham Van Thieu said the Mekong Delta is the country’s largest agricultural production hub, contributing 50% of total rice production and 95% of rice exports, 65% of aquaculture production, 60% of fish exports, and nealry 70% of fruit output.

He stressed the need to have a synchronous, effective coordinating mechanism in line with law and planning approved by competent authorities for the region’s fast and sustainable development.

Regarding orientations for the council in the near future, Deputy PM Khai urged ministries, sectors and regional localities to take specific actions to improve the operational efficiency of the regional coordinating council with a focus on modern, large-scale agricultural production, organic ariculture, the processing industry, preservation of agricultural and aquatic products, and product brand development.

He also urged the localities to promote economic restructuring, especially agricultural structure suitable for each  ecological area, effectively implement projects related to climate change adaptation. Other key tasks are to solve riverbank and coastal erosion, subsidence, saltwater intrusion, and drought, while developing a comprehensive strategy for protection and sustainabl use of Mekong River water resources.

In July and August 2023, Prime Minister Pham Minh Chinh signed decisions on the establishment of coordinating councils for six regions across the country – the Red River Delta region, the North Central and Central Coast region, the Southeast Region, the Central Highlands Region, Mekong Delta region and the Northern Midland and Mountainous region.

The councils are responsible for coordinating linking activities for regional socioeconomic and infrastructure development, with priority given to transport infrastructure. They will study and propose the formation of a fund for regional infrastructure development./.

Source: https://en.vietnamplus.vn/coordinating-council-for-mekong-delta-region-opens-first-meeting/268693.vnp

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