Business News

The Vietnam Maritime Corporation (VIMC) has recorded third quarter revenues of VND4.127 trillion ($179.4 million), up 71 percent year-on-year, and profits of VND760 billion, compared to nearly VND30 billion in losses during the same period last year.

The COVID-19 pandemic affected global supply chains and the transport industry, especially aviation, was disrupted, thus shipping took the throne. Meanwhile, new developments from free trade agreements are creating new opportunities for Vietnam's industrial real estate market.

Vice Chairwoman of the municipal People’s Committee Phan Thị Thắng said HCM City views logistics as a main artery of its economy. Given this, the establishment of a logistics association in the city is an urgent need so that it can serve as the mouthpiece for local logistics businesses and accompany the city in future logistics development projects.

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.