return icon Vietnamnet.vn

Sea shipping lines make high profits, air and rail carriers transport cargo to earn money

Air and rail carriers, which have suffered heavily from Covid-19, have had to carry cargo to earn extra money. But sea shipping lines are experiencing brighter days.

{keywords}

 

In 2021, in addition to providing ‘rescue flights’ bringing Vietnamese citizens home, air carriers also carried cargo to survive the pandemic.

They carried 912,000 tons of goods in the first nine months of 2021, an increase of 19 percent over the same period the year before. While international transportation output increased by 25 percent, domestic transportation decreased by 9 percent.

Vietnam Airlines, for example, carried Bac Giang litchis to HCM City and Japan. This helped Bac Giang farmers sell litchis during the pandemic and kept the airline busy.

A representative of Vietjet Air said in addition to rescue flights, the airline transported cargo, which helped it overcome difficulties.

The railway sector, like airlines, suffered heavily from Covid because of the sharp fall in passengers. Vu Minh Anh, President of the Vietnam Railways Corporation (VNR), said in 2022, it would continue to focus on cargo transport.

VNR also developed more services, such as North-South container trains, and cold container trains carrying fruits and food. It focused on goods in IZs, factories and seaports with connections with national railways.

In terms of international freight trains, VNR is applying measures to remove bottlenecks in policies to increase the transport output of routes Hai Phong – Lao Cai, Hekou -Kunming and Hanoi – Dong Dang – Pingxiang - Nanning to other localities in China and third countries; and carry exports to Russia and Europe by rail.

Meanwhile, shipping lines made the highest ever profits in 2021. Vinamarine’s Deputy Director Nguyen Dinh Viet said despite Covid-19, the total volume of goods going through Vietnam’s seaports increased by 2 percent over 2020 to 703 million tons.

This included 184 million tons of exports, up by 4 percent, and 303 million tons of domestic goods, up by 5 percent. As for container goods, the figure was estimated at 24 million TEUs, up by 6 percent.

The total transportation output of the Vietnamese fleet was estimated to reach 156.5 million, up by 2 percent, of which the container goods output was 3 million TEUs, up by 12 percent.

Ships with Vietnamese flags handled nearly 100 percent of domestic sea transport. The international transportation output also grew sharply by 54 percent to 5 million tons.

VIMC, which was on the verge of bankruptcy, made a breakthrough over the last two years. It reported estimated profit of VND3.75 trillion, of which seaport services brought 67 percent of profit, maritime service 26 percent and shipping 7 percent. 

Vu Diep

Entangled in regulations, VNR unable to spend VND3 trillion to maintain railways

Entangled in regulations, VNR unable to spend VND3 trillion to maintain railways

Since ministries have not agreed on a capital allocation mechanism, companies have not been able to sign railway maintenance contracts.

International rail freight grows, VNR wants to upgrade railways

International rail freight grows, VNR wants to upgrade railways

International transport through rail carriage to European countries via China grew rapidly in 2021. However, the advantages of this transport have not been fully exploited because of poor infrastructure.

MORE NEWS

Vietnam among world's worst performing stock markets in first half

In the first half of 2022, both market's benchmark index and liquidity plunged sharply, with the VN-Index posting a dip of over 20 per cent, making it one of the world's worst-performing stock markets.

Vietnam, Thailand to soon resume commercial flights

Vietnam and Thailand should soon restore commercial flights and open new routes to facilitate tourism and trade cooperation between the two countries.

VIETNAM BUSINESS NEWS JULY 4

Vietsovpetro launches two support sets of Dragon oilfield

New milestone in Vietnam’s relations with Hungary, UK

The five-day visits of Vietnam’s National Assembly Chairman Vuong Dinh Hue to Hungary and the UK marked a new milestone in bilateral relations, eventually contributing to the Vietnam-EU partnership.

Vietnam remains among major global production facilities

The nation continues to be "named" in the list of major global production facilities, with six-month export turnover reaching US$185.94 billion, marking a year-on-year rise of 17.3% and a trade surplus of more than US$ 700 million.

Steering committee established to boost economic recovery effort

The Government has established a steering committee for the deployment of the country’s economic recovery and development program, led by Deputy Prime Minister Le Minh Khai.

Entertainment and cultural events of the week (July 4-10)

Upcoming entertainment and cultural events in Vietnam's major cities on July 4-10/2022.

Kim Duyen wins Supra Model Asia at Miss Supranational 2022

Kim Duyen - Vietnamese representative at Miss Supranational 2022 - qualified in the top 11 Supra Chat and was awarded the title of Supra Model Asia of Miss Supranational 2022.

VN Trade Promotion Department lauds ASEAN export opportunites

Vietnamese businesses have many opportunities to increase export goods to Thailand, Laos and Cambodia, according to the Trade Promotion Department of the Ministry of Industry and Trade.

New policy boosts insurance market's long-term development

The newly-issued Law on Insurance Business is expected to positively impact the insurance market's long-term development.

Rules on business in prize electronic games for foreigners

The Ministry of Finance has issued a circular guiding the implementation of some articles of the Government’s Decree No. 121/2021/ND-CP on business in prize electronic games for foreigners in Vietnam.

Vietnam wins 13 awards at “Two country circuit” photo contest

Vietnamese photographers have won 13 medals and certificates of honour in travel, portrait and free categories at the 7th “Two Country Circuit” photo contest 2022.

True Italian Taste 2022 promotes Italian cuisine in VN

True Italian Taste 2022, a project aiming to promote authentic Italian cuisine to the world, has kicked off in Vietnam.

Who will work when so many public-sector staff have been disciplined?

“No need to worry that the country won’t have cadres to work," said Party Secretary General Nguyen Phu Trong.

Labour export to South Korea temporarily halted for eight localities

The Ministry of Labour, Invalids and Social Affairs (MoLISA) has announced that the labour migration programme with South Korea will be temporarily suspended for eight districts, towns and cities.
back_to_top