mai hien

Transport ministry wants to raise seaport service fees
Wednesday, 17 October 2018 01:26

The Ministry of Transport is considering an increase to seaport service charges in a bid to attract more private logistics infrastructure investments.

Minister of Transport Nguyen Van Cong said many of Viet Nam’s seaport service fees remain lower than fees in the region’s other countries, making potential private investors hesitant to fund new seaport construction projects.

Cong used container loading and unloading charges as an example.

This fee is set at US$30 per container in Hai Phong, $45 in Da Nang and $41 in HCM City.

The same fee is $65 in Cambodia, $52 in Malaysia and $130 in Hong Kong.

“Loading and unloading fees must be raised to increase profits for operators,” Cong said. “Increased profits will lead to new investments and upgraded equipment that will improve service quality.”

Cong said passenger service fees should also be increased. The fee for each passenger is just $0.90-1.10, far lower than the $8 charged in Singapore and $14 in Hong Kong.

Cong pointed out that these low charges mean many of Viet Nam’s seaports run at a loss, making it difficult to attract private investors.

According to Trinh The Cuong of the Viet Nam Marine Administration, a proposal is being drafted to replace Ministry of Transport decree No 3863. The new draft will include two options for fee increases to bring the country closer to regional standards.

The first option would set passenger service charges between $2.50 and $5. Loading and unloading fees would see a 10 per cent rise, from $30 to $33 for 20-foot containers.

The second option would put passenger fees at a minimum of $5 and a maximum of $15. Loading charges would first rise 10 per cent in 2019 before seeing 10 per cent rises again in 2020 and 2030. This would bring loading fees to a final rate of $41 for 20-foot containers.

The ministry said it will submit the draft by the end of the month.

Representatives from Hai Phong, Da Nang and Chan May ports, meeting at a recent workshop, agreed passenger charges should increase to $15.

According to Cong, the higher fees would not translate to higher prices for consumers because the increases are already included in transport charges paid to logistics firms.

Cong also said it is necessary to improve transport infrastructure to reduce logistics costs. Viet Nam’s logistics costs remain high, accounting for 20.9 per cent of GDP. This is higher than China’s 19 per cent, Thailand’s 18 per cent and Japan’s 11 per cent.

Cong pointed out the underdeveloped nature of the country’s transport infrastructure. Viet Nam needs to connect production zones to seaports and airports, he said. In addition, the shortage of large-scale centres for circulating goods drives up logistics costs.

Vinalines to debut on UPCoM on October 8
Monday, 15 October 2018 01:44

State-owned shipping firm Vietnam National Shipping Lines (Vinalines) will trade 5.4 million shares on the Unlisted Public Company Market (UPCoM) on October 8, announced by the Hanoi Stock Exchange.

The shares, under code MVN, will start the first trading day at 10,000 VND (43 US cents) per share.

At this price level, the company’s market capitalisation will reach 54 billion VND.

On September 5, Vinalines put up 488.8 million shares, or a 34.8 percent stake, on sale but only 5.43 million shares were taken at an average price of 10,002 VND.

According to the equitisation plan, Vinalines will have chartered capital of nearly 14.05 trillion VND, thus trading volume on UPCoM accounts for less than 0.4 percent of Vinalines’ capital.

Vinalines, founded in 1995, is a 100 percent State-owned enterprise. It was transformed into a holding company in 2006 and a State-owned one member limited company in 2010.

In 2017, its consolidated financial statement recorded total sales of 13.57 trillion VND, down 7.4 percent year-on-year, and a loss of 537 billion VND from business activities. However, other profits of 1.5 trillion VND lifted the company’s after-tax profit to 748 billion VND, double the previous year.

Ending 2017, Vinalines had total assets of over 28 trillion VND but its liabilities were up to 20.2 trillion VND. The company still incurred cumulative losses of 3.25 trillion VND.

In the first half of this year, Vinalines recorded revenue of 6.3 trillion VND and net profit of 23.9 billion VND.

DHL to offer new less-than-container load rail service from Germany to China
Thursday, 11 October 2018 02:14

DHL Global Forwarding, the leading international provider of air, sea and road freight services, recently launched its new weekly less-than-container load (LCL) rail service between Duisburg, Germany and Chengdu, the latest addition to its extensive Asia-Europe-Asia multimodal network.

The new LCL service has a door-to-door lead time of up to 29 days, tracing the Belt and Road's Silk Road Economic Belt and catering to rising demand from high-growth sectors including the automotive, manufacturing, and chemical sectors -- many of which are based in Chengdu's industrial parks like the Chengdu Science City, Chengdu Hi-Tech Industrial Development Zone and more.

"With Sino-German business and economic ties poised to grow stronger, the new LCL service will fill an important gap in what has long been standard for air, sea, and road transport," said Steve Huang, CEO, DHL Global Forwarding Greater China. "The fixed schedule service will not only provide a more frequent and consistent shipping route, but one that is agile enough to cater to businesses of all sizes; and adapt to commercial needs based on ongoing economic changes throughout Asia and Europe."

The service supports smaller shipments between Europe and China, addressing the growing trend towards ad hoc shipments and lower-volume, just-in-time orders supporting Chinese manufacturing and production. Businesses are expected to tap on the service to ship everything from spare parts, high-tech components, and raw materials up to finished goods: in 2016, China imported nearly $8.5bn in vehicle parts and more than $1.2bn worth of integrated circuits from Germany alone.

"Since 2008, DHL Global Forwarding has been investing in infrastructure and expanding our network offerings to help make the Belt and Road's vision of seamless freight connectivity a reality," said Huang. "This latest service will expand our product portfolio to suit all shipment sizes with planned departure schedules for East-bound and West-bound directions. With the recent US$23.6 billion deal signed in July to strengthen trade between Germany and China, our new service will connect people and businesses securely and reliably, bringing a new degree of flexibility that our customers in both regions will enjoy."

As the pioneer in innovative multimodal solutions from China to Europe, DHL has been offering this suite of innovative and flexible solutions since 2010, which connects China, Japan, Southeast Asia and Taiwan to Europe.

North Corridor: Suzhou to Warsaw; connects China's engineering and manufacturing hubs to pan-European demand in 14 days

South Corridor: Lianyungang and Chengdu to Istanbul; traverses three Central Asian countries -- Kazakhstan, Azerbaijan, and Georgia -- as well as two sea transit segments before arriving at Istanbul in 14 days

West Corridor: Chengdu to Lodz, and Zhengzhou to Hamburg; supporting high-tech, automotive, and retail manufacturers located in China with fast, and cost-effective access into Europe

Sea transit: connecting Japan, Korea and Taiwan to China via ferry services, for onward journey to Europe; as well as Shanghai to Europe via Piraeus, Greece

Road connection: linking manufacturing base in Vietnam to Europe via China

DHL -- The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL family of divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 360,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, energy, automotive and retail, a proven commitment to corporate responsibility and an unrivalled presence in developing markets, DHL is decisively positioned as "The logistics company for the world".

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 60 billion euros in 2017.

<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 5 of 608

Recent news