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HCM City Customs dept reduces number of port procedures to ease congestion
The HCM City Customs Department plans to reduce the number of and shorten the time for customs procedures at Cát Lái Port in District 2 to reduce congestion.
Vietnam has many seaports but lacks roads connecting ports
The infrastructure system which connects seaports and key economic zones in coastal areas is still poor.
Singaporean investor wants to build $114mil port to serve Formosa
VietNamNet Bridge – A Singaporean company - Freight Links Capital Pte., Ltd - has proposed to build a port for vessels of up to 50,000 DWT in the Vung Ang port in Ha Tinh province, in central Vietnam.
Seaports lure customers by permitting overloaded vehicles
VietNamNet Bridge – Seaport authorities complained that they have lost many customers because of stricter control over overloaded vehicles.
Vietnam wastes trillions of dong because… its short of money
Trillions of dong have been poured into the ports in HCM City. However, the ports still cannot operate in full swing because there are no roads linking to the ports.
In pictures: Road to Vietnam's largest port severely subsided
On the main route leading to the Cat Lai New Port - the largest and most modern port in Vietnam, every day thousands of container trucks run on the road but Dong Van Cong Road is seriously damaged, with a lot of deep cracks.
Ports lying still, waiting for vessels
VietNamNet Bridge – More and more ports have been built over the last few years, which has led to the oversupply. A lot of ports have been operating at a moderate level because of the excess of supply over the demand.
Five Lexus cars abandoned at Da Nang Port
VietNamNet Bridge - Taking advantage of the incentives on imported cars of Vietnamese repatriates, luxurious cars have been smuggled into Vietnam.
Port and airport management companies to be equitized
To speed up the restructuring of state-owned enterprises (SOEs), the Ministry of Planning and Investment has issued the draft classification criteria to ensure the implementation of the roadmap of divesting State capital from SOEs.
VN has abundant small seaports, empties pocket to build big ports
The State would gather the strength on key maritime projects to serve the sea-borne economy development strategy, according to Nguyen Nhat, Head of the Vietnam Maritime Bureau.
Two big guys run away from Van Phong
VietNamNet Bridge – The Vietnam National Shipping Lines (Vinalines) has had its investment license revoked. PetroVietnam has also decided to quit a project in the Van Phong Economic Zone.
Trillions dong spent to build ports which have been left idle
VietNamNet Bridge – Some seaports have been built to serve the plan on relocating ports from the inner city to the suburbs. However, many of the newly built ports just have been left idle.
The investment boom at the Cam Ranh “golden bay”
The Cam Ranh peninsular, which is called the golden bay of Khanh Hoa province, has witnessed the “investment boom” when a lot of investors plan multi-million dollar projects there.
BUSINESS IN BRIEF 12/12
Sugar import tax to rise 40%; Small banks strive to survive; Sales via mobile offer new market; Viet Nam in top competitive list; New circular eases administrative burden for foreign investors; Over 15,460 businesses go bankrupt
