Vietnam Ports Container Volumes Increased 21% In H1

The volume of containers moved by ports in Vietnam, grew by approximately 21% year-on-year, to at-least 14.7 million TEU, during the first half of the year 2021, said the Deputy Director of the Vietnam Maritime Administration (VMA), Hoang Hong Giang.

Vietnam Ports Container Volumes Increased 21% In H1
Image Via: Vietnam Maritime Authority

Import cargo was approximately 4.7 million TEU, achieving a growth rate of 21%, while the export volume grew by 20% to total more than 4.8 million TEU, said Hoang.

An increase of 6% is seen in the volume of The volume of freight cargo through Vietnam’s seaports in 2021, thus reaching more than 425 million tonnes, as compared to the same period in 2020, despite the impact of the pandemic. Export cargoes too, increased 9% year-on-year, totaling approximately 106 million tonnes, as compared to the same period, last year.

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Goods transshipped within Vietnam reached approximately 184 million tonnes, which is an increase of 7%, as compared to the same period in the previous year, in the period under review. added Hong Giang.

Statistics by VMA reveals that several seaports in the country experienced a huge increase in containerized cargo volume, this year. Some of such ports are:

  • Thai Binh: 65%.
  • Dong Thap: 56%.
  • Quang Ngai: 38%.
  • Hai Phong: 16%.
  • Ho Chi Minh City: 9%.

Vietnam Maritime Corporation (VIMC, formerly Vinalines) said that the seaports managed by the corporation has handled approximately 67 million tonnes of cargo, in the first six months of 2021, thus recording revenues of over VND 4.5 trillion. This is a year-on-year increase of 124%! Pre-tax profits of more than USD 42.9 million in the first half of the year by the corporation, double that of the same period last year.

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VIMC’s shipping division has finally started making profits, after a long period of steep loss-making. The fact that the company secured lease contracts for numerous ships and that a five-fold increase in freight rates were witnessed in the Eurasian shipping route are seen as the primary contributors to the profits of the company.

However, the volume of transported goods would be negatively affected in the second half of the year 2021, due to the ongoing COVID-19 outbreak in the south, which houses the key economic and industrial zones. Said the chairman of VIMC, Le Anh Son.

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