Việt Nam's export turnover in July to countries in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), reached US$3.98 billion, a 0.79 per cent increase from June and a 21.64 per cent increase from the same period last year.
The Civil Aviation Authority of Viet Nam (CAAC) has put forward a plan on resumption of domestic flights in three phases. The COVID-19 adaptive plan was designed to ease difficulties against domestic airlines and boost economic recovery for localities.
Gemadept Corporation, the owner of the largest Gemalink deep-water port in Vietnam, reported positive business results but negative cashflow in the first seven months of 2021.
In the second quarter, the company gained a net revenue of VND66.4 billion ($2.89 million) and after-tax profit of VND19 billion ($826,090), respectively down 18 and 29 per cent on-year. Gross margin was down 2 per cent to 40 per cent.
Tân Cảng - Cát Lái Port in HCM City’s newly created Thủ Đức city will temporarily stop accepting imports by businesses that have suspended production so that it can clear a huge backlog of containers that have piled up.
HCM City authorities are working on a new inland container depot (ICD) to be built in Long Bình Ward, District 9, to replace the existing Trường Thọ Port complex in Thủ Đức District.
Despite reaching better business performance in 2021 so far compared to a problem-strewn previous year, foreign-invested joint venture seaports are facing challenges related to full capacity and container attraction.
Although local iron and steel prices have dropped, they are still at high rates, up 1.7 times compared to the end of 2020, causing investors and construction contractors to suffer.