Want to be in the loop?
subscribe to
our notification
Business News
FEES OF SEAPORT SERVICES TO RISE NEXT YEAR
The Ministry of Transport has released the new fees for seaport services to be applied at local seaports, with many fees edging up by between 10% and 50%. The new fees will come into effect on January 1, 2019, Sai Gon Giai Phong newspaper reported.
The price in Region I (excluding Lach Huyen Port in Hai Phong City), applied to the services of loading and unloading cargo from vessels and barges to container yards, has been adjusted upward by 10%.
Notably, the charge of loading and unloading commodities from vessels, barges to other barges, trucks at ports and vice versa are revised up by 50%.
At Cai Mep-Thi Vai Port, the price for loading and unloading containers from vessels to other vessels and barges has been adjusted upward by 10%. Meanwhile, charges for transferring goods from vessels and barges to container yards and vice versa will be reduced by 10%.
As for ports located in the Mekong Delta region, however, charges for container unloading and loading services will see a reduction of 50%.
Further, in addition to the upward adjustment of goods loading and unloading service fees, tourists on board cruise ships will be charged higher fees for using services at wharves, berths, rising to US$2.50-US$3.50 per person per trip from the current US$0.99-US$1.10.
Regarding exceptional services with fees that are higher or lower than the regulated prices, as well as ports with newly renovated berths and wharves that exclusively serve international passenger cruise ships, transport operators will have to propose price rates and send reports to the Vietnam Marine Administration. The transport ministry will then consider issuing approvals.
The ministry’s representative stated that the seaport service fee hikes would not result in an increase in logistics fees.
Source: The Saigon Times
Related News
CUSTOMS BUDGET REVENUE EXPERIENCES 3% DECLINE IN Q1
Vietnam’s import and export value reached a total of US$145.59 billion in the first quarter (Q1) of 2024, marking a year-on-year growth of 18.2%. However, the customs budget revenue saw a 3% year-on-year decline, amounting to VND71,520 billion in the quarter, thereby achieving 19.1% of the full-year target.
RAPID LAW IMPLEMENTATION MAY PROPEL MARKET FORTUNES
“Investors and developers are looking forward to the implementation of the new law, which will remove obstacles for a range of projects that are struggling due to stalled procedures and lack of legality. For them, the earlier the better,” he said.
NATION URGED TO BUILD ON ECO-IP MODEL
Industrial parks (IPs) involved in an initiative that aims to help push them into the realm of being classed as eco-parks have seen improvements across a string of indicators, according to a review event in Ho Chi Minh City last week.
YEN LU INDUSTRIAL PARK: NEW DESTINATION FOR INVESTORS
Bac Giang is a destination chosen by many domestic and foreign investors thanks to its locational advantages and its most opening and favorable investment policies. Assisted by local authorities, Capella Land Joint Stock Company has effectively invested in industrial zones, especially Yen Lu Industrial Park - a new destination for investors, to contribute to the province’s success in investment attraction.
DEMAND SOARS, POWER ECONOMY URGED
The serious electricity shortage in the northern region in May-June 2023 is a valuable lesson on the importance and pivotal role of ensuring electricity security for socioeconomic development.
OPTIMIZING LEGAL AND REGULATORY FRAMEWORKS FOR EFFICIENT PUBLIC INVESTMENT DISBURSEMENT
According to the Ministry of Planning and Investment, a 1% increase in public investment raises GDP by 0.058%, and each VND1 disbursed stimulates an extra VND1.61 from the non-state sector. However, plan implementation often falls short at around 80% annually, despite government efforts.