Cai Mep – Thi Vai port gets very busy right from the beginning of Tet

VCN - Many mother vessels made landfall at Cai Mep – Thi Vai port (Ba Ria – Vung Tau province) in the early days of Dragon Year 2024 showing positive signs about the recovery of seaport activities.
ONE INFINITY made a landfall at Gemalink
ONE INFINITY made a landfall at Gemalink

Witnessing at seaports in Cai Mep – Thi Vai area in the early days of Dragon Year 2024, it got very busy when mother vessels made landfall continuously. Notably, Gemalink International Port welcomed ONE INFINITY ship which is 400m in length and 22,521 DWT of tonnage. This ship has a carrying capacity of up to 24,136 TEU. The ONE INFINITY ship belongs to the FE3 service line of THE Alliance shipping line, including Hapag-Lloyd, ONE, HMM, Yang Ming, and was just launched in January 2024. While docking at Gemalink port, this ship loaded and unloaded 3,807 containers of import and export goods and then continued its journey to Singapore and Rotterdam ports.

According to Mr. Cao Hong Phong, Deputy General Director of Gemalink International Port, the fact that shipping companies in the world such as Hyundai, ONE, Cosco, and CMA brought ships and super ships to Gemalink port has affirmed the role and position of Cai Mep - Thi Vai port in particular and deep-water ports in Vietnam in general on the world maritime map.

On the 4th day of the Lunar New Year, at TCIT Tan Cang Cai Mep International Port, Tan Cang - Saigon Corporation also held a ceremony to welcome international cargo ships and issued orders to start the Year of the Dragon 2024 with the participation of the Prime Minister Pham Minh Chinh and the Government working group together pressed the button to issue orders.

Immediately after that, the first containers were loaded and unloaded onto the One Aquila ship, more than 364m long, carrying a capacity of 14,052 TEU, belonging to the PS7 service line of The Alliance alliance, exploiting the connection between Vietnam and the United States.

The fact that mother ships made a landfall continuously in the early days of Spring is a good sign showing the recovery of seaport activities, reinforcing confidence in the improvement in port operations in the Cai Mep area - Thi Vai to return to the double-digit growth rate as before.

According to a Ba Ria - Vung Tau Customs Department, during Tet holiday (from February 8 to February 14), the unit handled procedures for 210 import and export declarations, including 106 export declarations and 104 import declarations. Total import-export turnover reached nearly US$1.2 billion, of which imports reached US$1.18 billion and exports reached US$15 million. The total amount of import and export tax incurred reached VND97.51 billion.

In addition, Ba Ria - Vung Tau Customs Department also handled procedures for 124 cargo ships and 4 passenger ships on entry and exit with a passenger count of 6,324.

The handling of procedures during the Tet holiday has been guaranteed to be quick and timely, with practical problems that arise within the handling authority being quickly resolved.

Previously, in January 2024, Ba Ria - Vung Tau Customs Department completed procedures for 21,311 import and export declarations, a sharp increase of 80% compared to the same period in 2023; import-export turnover reached US$2.092 billion, an increase of 39%. Total State revenue in January 2024 reached VND1,487 billion, an increase of 8% compared to January 2023.

By Nguyễn Hiền/Thanh Thuy

Related News

Export-import quarter 1: The recovery trend is becoming clearer.

Export-import quarter 1: The recovery trend is becoming clearer.

VCN - The total export-import turnover of goods in the first quarter of the year is estimated to reach over $178 billion, an increase of 15.5% compared to the same period last year. Both exports and imports have achieved high growth rates, clearly reflecting the recovery trend.
The Customs sector collected more than VND 88 trillion in revenue in the first quarter of 2024

The Customs sector collected more than VND 88 trillion in revenue in the first quarter of 2024

VCN - The Customs sector's revenue collection results in March increased compared to the previous month, but in general, the result of the first quarter dropped compared to the same period last year.
Discharging technical barriers to limit the import of livestock products

Discharging technical barriers to limit the import of livestock products

VCN - According to statistics, in 2023, Vietnam will import over USD 3.5 billion of livestock products, nearly 7 times more than exports (more than USD 0.5 billion). According to assessments of associations in the livestock industry, compared to countries with developed livestock industries, our country's regulations on importing livestock products are not strict and have many loopholes. Meanwhile, to export poultry meat and eggs, businesses have to endure many strict technical barriers in importing countries, making our livestock products vulnerable and disadvantaged in the domestic market.

Latest News

Improving legal framework, ensuring accessibility to green bonds

Improving legal framework, ensuring accessibility to green bonds

VCN - This is the recommendation of Mr. Nguyen Tung Anh (photo), Head of Credit Risk Research and Sustainable Financial Services (FiinRatings) in an interview with Customs Magazine reporters about green bond market development in Viet Nam.
Foreign experts discuss ways to help Vietnam upgrade stock market

Foreign experts discuss ways to help Vietnam upgrade stock market

Chairwoman of the State Securities Commission (SSC) Vu Thi Chan Phuong has held a working session with representatives from FTSE Russell and Morgan Stanley to discuss how to upgrade the Vietnamese stock market.
Ambitious profit goals of banks

Ambitious profit goals of banks

VCN - With low profits and expectations of a better economic situation, banks "boldly" submitted to the General Meeting of Shareholders profit targets with high growth rates.
PM demands strengthened gold market management

PM demands strengthened gold market management

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to keep a close watch on international and domestic gold prices, and put in place measures and tools in a timely and effective way to regulate the gold market in line with regulations.

More News

Budget expenditures reached VND393.5 trillion, growing 8.3% over the same period in the first quarter

Budget expenditures reached VND393.5 trillion, growing 8.3% over the same period in the first quarter

VCN - The Ministry of Finance said that the total balance of budget expenditure in March was estimated at VND140.3 trillion; accumulated budget expenditures in the first quarter of 2024 reached VND393.5 trillion, equal to 18.6% of current appropriation, an increase of 8.3% over the same period in 2023.
Inflationary pressure stems  from commodity price fluctuations

Inflationary pressure stems from commodity price fluctuations

VCN – According to a report from the Ministry of Finance, the domestic market prices in the first quarter were stable and fluctuated in accordance with the price management scenario of the Price Management Steering Committee. However, the current impact from adjusting the prices of essential goods is a pressure on inflation control.
SMEs offered loans at preferential rates of 1.2-4.4%

SMEs offered loans at preferential rates of 1.2-4.4%

To create additional capital mobilisation channels for small- and medium-sized enterprises (SMEs), Vietnam’s Small- and Medium-sized Enterprise Development Fund under the Ministry of Planning and Investment is offering SMEs loans at preferential interest rates of 1.2-4.4% per year.
Public investment disbursement needs to be accelerated to boost growth: insiders

Public investment disbursement needs to be accelerated to boost growth: insiders

Public investment is currently still an important growth driver, which needs to be accelerated so as to help the economy achieve a 6.5% growth this year, according to insiders.
Banks seek to attract foreign capital

Banks seek to attract foreign capital

VCN - Banks are actively developing plans to attract capital from foreign investors through various methods, aiming to enhance their capital "buffers" and improve their management and operational standards to meet international levels.
Budget revenue collection for the first quarter of 2024 achieved quite well compared to current appropriation

Budget revenue collection for the first quarter of 2024 achieved quite well compared to current appropriation

VCN - In the first 3 months of 2024, total revenue collection is estimated to reach VND539.5 trillion, equal to 31.7% of current appropriation, an increase of 9.8% over the same period in 2023. According to the Ministry of Finance's assessment, revenue of the first quarter of 2024 is quite good compared to current appropriation, mainly due to the concentration of revenues arising in the fourth quarter of 2023 and the difference according to the tax finalization 2023 following the regime of declaration and payment to the state budget in the first quarter of 2024.
Continue to implement and complete important customs cooperation initiatives in ASEAN

Continue to implement and complete important customs cooperation initiatives in ASEAN

VCN - Talking to the press on the sidelines of the 28th ASEAN Finance Ministers' Meeting (AFMM 28) taking place in Luang Prabang, Laos, Vietnam’s Minister of Finance Ho Duc Phoc emphasized that the meeting affirms the determination of ASEAN financial agencies to strengthen cooperation and work together to solve common challenges of the region in the context of the world and the region facing many changes, difficulties and challenges.
28th AFMM, 11th AFMGM gain great success

28th AFMM, 11th AFMGM gain great success

VCN - In the framework of ASEAN 2024 Financial Cooperation, the 28th ASEAN Finance Ministers' Meeting, the 11th ASEAN Finance Ministers' and Central Bank Governors’ Meetings and related conferences were held in Luang Prabang, Laos from April 4-5. Minister of Finance Ho Duc Phoc led the delegation of the Ministry of Finance of Vietnam to attend the meetings.
Many positive signals from stock market upgrade

Many positive signals from stock market upgrade

VCN - Many crucial knots in the process of upgrading the stock market are being untangled by the Government and relevant agencies. Thanks to proactive moves from the management agencies, experts assessed that the stock market was likely to be upgraded according to the set objectives.
Read More

Your care

Latest Most read
Improving legal framework, ensuring accessibility to green bonds

Improving legal framework, ensuring accessibility to green bonds

VCN - This is the recommendation of Mr. Nguyen Tung Anh (photo), Head of Credit Risk Research and Sustainable Financial Services (FiinRatings) in an interview with Customs Magazine reporters about green bond market development in Viet Nam.
Foreign experts discuss ways to help Vietnam upgrade stock market

Foreign experts discuss ways to help Vietnam upgrade stock market

Chairwoman of the State Securities Commission (SSC) Vu Thi Chan Phuong has held a working session with representatives from FTSE Russell and Morgan Stanley to discuss how to upgrade the Vietnamese stock market.
Ambitious profit goals of banks

Ambitious profit goals of banks

VCN - Setting the target of a sharp increase in profit is VPBank. According to the draft 2024submitted to the General Meeting of Shareholders, VPBank targets consolidated pre-tax profit in 2024 to increase by 114% compared to 2023, equivalent to VND 23,16
PM demands strengthened gold market management

PM demands strengthened gold market management

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to keep a close watch on international and domestic gold prices, and put in place measures and tools in a timely and effective way to regulate the gold market in line with regulations.
Budget expenditures reached VND393.5 trillion, growing 8.3% over the same period in the first quarter

Budget expenditures reached VND393.5 trillion, growing 8.3% over the same period in the first quarter

The Ministry of Finance said that the total balance of budget expenditure in March was estimated at VND140.3 trillion
Mobile Version