Hai Phong port posts strong revenue growth in first half of 2019

Thursday, Jul 25, 2019 17:06

Hai Phong Port JSC gained total revenue of VND852 billion (US$36.3 million) in the first half of this year. Photo thanhtra.com.vn

Hai Phong Port Joint Stock Company recorded impressive growth in both revenue and cargo output via its seaports in Hai Phong during the first six months of this year, according to the company.

The company, a member of the Viet Nam National Shipping Lines (Vinalines), received total cargo volume of more than 13 million tonnes and gained total revenue of VND852 billion (US$36.3 million) in the first half of this year, Nguyen Tuong Anh, deputy general director of Hai Phong Port JSC, was quoted as saying by Giao thong (Transport) newspaper.

Those figures were up by 10.5 per cent in cargo volume and 15.1 per cent in revenue from the same period last year, he said.

According to a Hai Phong port representative, the company has been improving the capacity of loading and unloading equipment, including through the application of information technology.

At the same time, it has strengthened relations with prestigious shipping lines around the world to open service lines directly connecting to its seaports in Hai Phong.

Hai Phong Port JSC is one of the biggest seaport enterprises in Viet Nam. With the ownership of major ports such as Tan Vu, Hoang Dieu and Chua Ve, the company holds more than a 42 per cent market share of loaded and unloaded goods in Hai Phong.

In 2018, the Government gave approval for Hai Phong Port JSC to invest in the construction of container terminals No 3 and No 4 in the area of Lach Huyen international seaport with a total investment of VND7 trillion. The two terminals will have the capacity to handle vessels up to 100,000DWT (8,000 TEU). — VNS

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