LARGE-SCALE NON-TARIFF ZONE TO BE BUILT IN HAI PHONG

LARGE-SCALE NON-TARIFF ZONE TO BE BUILT IN HAI PHONG

Xuan Cau Industrial Park and Non-Tariff Zone is being built at Lach Huyen international port area, Cat Hai district, Hai Phong.                     Tan Cang - Hai Phong International Container Terminal (TC- HICT) is the first terminal built and put into operation at Lach Huyen international port. The project has a total investment of 11,100 billion VND, located on an area of ​​752 hectares, located in the area of ​​Lach Huyen international gateway port, Dinh Vu - Cat Hai economic zone. attracting about 40,000 - 50,000 workers. Non-tariff zone - Logistics and Lach Huyen Industry located in...

UPDATE FORECAST OF SEA FREIGHT IN 2023

UPDATE FORECAST OF SEA FREIGHT IN 2023

According to statistics from Drewry on world container freight rates, as of 20th April 2023, the 40 feet container freight rate was $1,774, down 83% from $10,377 in September 2021 and lower 34% compared to the average over the past 10 years of 2,688 USD. The current tariff is equivalent to the end of 2020, but still 25% higher than 2019's $1,420. In the past year, freight rates for routes have decreased significantly, specifically, the Asia-Europe route has decreased by 81-85%, Asia-US by 75-79%, the Americas-Asia and Europe have decreased 18 - 21%. As a rule, ocean freight rates will have a...

CUSTOMS SECTOR COLLECTS OVER VND91 TRILLION IN FIRST QUARTER OF 2023

CUSTOMS SECTOR COLLECTS OVER VND91 TRILLION IN FIRST QUARTER OF 2023

The Customs’ revenue in the first quarter 2023 saw a year-on-year decrease of 17% The turnover and revenue from import and export activities plunged in the first quarter of 2023. According to the General Department of Vietnam Customs on April 3, the revenue from imports and exports in March reached VND33,476 billion. In the first quarter, the Customs sector’s revenue decreased by 17% to VND 91,267 billion compared with the previous year, meeting 21.5% of the estimate. In the month, the total trade in goods is estimated to increase by 18.6% to US$ 58.49 billion compared with a month ago. The export turnover and...

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