The volume of cargo going through seaports has been on the increase thanks to free trade agreements (FTAs).
Lach Huyen Terminal in Hai Phong (Photo: VNA)
Hanoi (VNA) –
The volume of cargo going through seaports has been on the increase thanks to
free trade agreements (FTAs).
Total throughput of
Vietnam’s seaports reached 302.42 million of tonnes in the first five months of
the year, excluding goods in transit, a year-on-year rise of 7 percent,
according to the Vietnam Maritime Administration.
The volume included
10.33 million TEUs of containers, surging 24 percent in the same period last
In May alone, the
volume of freights reached 63.94 million tonnes, up 5 percent, while that of
container goods 2.2 million TEUs, a year-on-year growth of 35 percent.
Two FTAs with substantial
impact on freight volume through seaports are the EU-Vietnam FTA and the
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP),
according to experts.
In addition, an
increasing number of deepwater ports helps firms in the sector gain more
Some businesses have
launched new projects to bolster the services. Gemadept Corporation plans to
launch two deepwater seaport projects in the southern region in the third and
fourth quarters, which are set to be operational in 2023.
The corporation will
invest nearly 264 million USD in the two projects, which will have a capacity
of 900,000 TEUs and 500,000 TEUs per year, respectively.
Meanwhile, in the
north, the Port of Hai Phong JSC plans to transform the Hoang Dieu terminal for
commercial use and invest in another deepwater port in the third quarter of