Seaport enterprises report interest

	Volume of goods through seaports in the first quarter still increased by 8.4%
	Businesses encouraged to pay Hai Phong seaport fees via 24/7 system
	Six seaport infrastructure fee collection points in Hai Phong suspended

The ports will continue to promote the "electronicization" of procedures for ships going in and out of ports on the National One-Window Portal and other information channels such as Zalo and email, in order to restrict the contact between regulatory agencies and people carrying out the procedures. Photo: internet

Impressive growth

According to the financial report of Cam Ranh Port Joint Stock Company, in the first quarter, the company's net revenue reached VND40 billion, an increase of 21% over the same period last year. Cost of sold goods increased by 16%, smaller than the growth rate of net revenue, so gross profit increased by 28%, reaching nearly VND17 billion. Accordingly, pre- and post-taxprofitin the first quarter of Cam Ranh Portrespectively reached VND8.5 billionand VND6.8 billion, respectively, up 57% compared to the same period last year.

Cam Ranh Port Joint Stock Company said that as the volume of goods through the port in the first quarter of this year increased by 10%, total revenue increased by 16% compared to the same period in 2019 and increased in goods with high profits, so the profits increased over the same period last year.

In the annual report 2019, the company had set a target for 2020 with revenue of nearly VND171 billion, an increase of 5% compared to the previous year's performance, pre-tax profitis expected to increase by 2% to VND30.5 billion.Thus, in the first three months of 2020, Cam Ranh Port has implemented 24% of the total revenue plan and 28% of the pre-tax profit plan.

Also having impressive profit results, in the first quarter, Quy Nhon Port Joint Stock Company achieved an post-tax profit of over VND25.8 billion, an increase of 47% over the same period last year (in first quarter of 2019, post-tax profit of Quy Nhon Port Joint Stock Company reached VND17.6 billion). Quy Nhon Port explained that in the first quarter,the port's sales of goods and services increased by 18% compared to the same period of 2019, leading to post-tax profitincreaseby 47% over the same period last year.

Da Nang Port Joint Stock Company also recorded positive business results in the first quarter. Specifically, in the first quarter, the company had a post-tax profit of more than VND56 billion, up 36.86% over the same period last year. The reason is that the volume of goods converted in the first quarter has increased by over 25% over the same period last year, and sales and servicesalso increased by over 30%.

Actively implement service discounts

According to Da Nang Port Joint Stock Company, the stages have been mechanized in most of the wharf areas, which limits the contact among workers. Not only protecting workersfully, Da Nang Port has alsoactively developed plans to cope with the Covid-19 epidemic, so up to now, Da Nang Port continues to produce and ensure good health for workers.

Not only recording the growth of revenue, according to the representative of Quy Nhon Port Joint Stock Company, to support enterprises, Quy Nhon Port has implemented exemption and reduction of many seaport services applied from 1st April to 31st May, 2020. Accordingly, Quy Nhon Port has reduced about 10% of the service of lifting and lowering containers at the port yard – car or vice versa forimporting and exporting containers. In addition, Quy Nhon Port will also exempt the port storage, container storage service for containers with goods waiting for exporting for a period of two months (April and May 2020) to support import and export cargo owners.

At the same time, Quy Nhon Port also reduced 48% of the unit price for loading and unloading by electric Gottwald cranes; reducing 8% of the unit price of imported bulk fertilizer bags when customers bring them into the port warehouse to quickly release the ship; reduce 20% of the net price packing bulk goods from containers; reducing 54% of the electricity unit price for reefer containers; free empty container storage service to encourage customers to consolidate containers to pack and add import and export goods compared to 2019.

In 2020, Quy Nhon Port will promote market work in the Central region, Central Highlands, Northeastern Cambodia to attract container cargo; build a market database to diversify container service routes at ports through attracting and developing routes connecting directly from Quy Nhon Port to international ports, especially in Northeast Asia.

In particular, with the approval of the authorities, Quy Nhon Port Joint Stock Company is expected to invest in upgrading and expanding the No.1 berth to be able to receive full-sized ships of up to 30,000 DWT and larger-sized ships reducing loading capacity, meeting volume of cargo.

According to representatives of a number of ports, with exploiting activities, disease prevention is also strictly implemented by ports. In addition to measures such as regular antibacterial hand-washing, body temperaturemeasurement, fully equipped protective equipmentwhen boarding and disembarking shipscooperating with the authorities at the seaport to strictly implement the quarantinetaskbefore receiving ships into handlingcargo.

Notably, the ports will continue to promote the "electronicization" of procedures for ships going in and out of ports on the National Single Window Portal and other information channels such as Zalo and email in order to limit contact between regulatory agencies and people carrying out the procedures.