AVIATION AUTHORITY PUTS FORWARD DOMESTIC FLIGHT RESUMPTION PLAN
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 REPORTS POSITIVE RESULTS BUT NEGATIVE FINANCIAL CASHFLOW
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.
CAT LAI PORT REPORTS DROPPING REVENUE WHILE FACING OVERLOAD IN H1
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.
HCM CITY PORT STOPS RECEIVING IMPORTS AS CONTAINERS PILE UP
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 PLANS TO REPLACE TRƯỜNG THỌ PORT WITH NEW ICD
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.
SEAPORTS FACE CHALLENGING FORECASTS
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.
VIETNAMESE INVESTORS, CONTRACTORS STRUGGLE DUE TO HIGHER STEEL PRICE
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.
SEAPORT DOUBLE H1 PROFITS DESPITE PANDEMIC
According to the Vietnam Maritime Corporation (VIMC), seaports under the corporation’s management handled 67 million tons of cargo in the first half of the year and recorded revenues of more than VND4.5 trillion, a year-on-year increase of 124 percent.
