Commercial banks are allowed to extend debt repayment deadlines for Typhoon Yagi–affected borrowers until the end of 2027 at the latest, according to a circular recently issued by the State Bank of Việt Nam.
In the first seven months of 2024, the volume of goods passing through Vietnamese seaports is estimated at 501.117 million tonnes, up 16 per cent over the same period in 2023.
Vũng Tàu is renowned for its beautiful beaches but it faces challenges from a significant amount of ocean waste. Volunteers from the Blue Sea Club are doing their best to keep Vũng Tàu’s beaches clean and pristine.
The ministry said that in recent times, increases in shipping rates, local congestion at some Asian ports and lack of empty containers have had an impact on activities.
International container shipping rates have increased by more than 70 per cent over the same period last year and by more than 110 per cent compared to the pre- COVID-19 pandemic period.
Some immediate negative impacts included increased transportation costs, more critically, a shortage of empty containers, extended transit times, and adverse effects on the ability to fulfil import-export orders. In addition, the rise in transportation costs and oil prices will a...
According to Shinhan Securities Việt Nam, Vietnamese firms exporting to Europe and North America’s East Coast are being affected by Red Sea route changes.
The Ministry of Industry and Trade urged Vietnamese exporters and industries to closely watch the situation in the Red Sea, prepare contingency plans for import-export activities, keep close contact with foreign partners and diversify sources to protect the supply chain.
The 17,943-tonne container ship Ever Chaste from the Hai Phong port docked at the Republic of Korea’s Ulsan port on Thursday, marking the opening of a new regular container shipping route between the two ports.
Quang Ninh will give top priority to positioning the brand name of seaports and seaport services in both domestic and international markets in a bid to reach its full economic and commercial potentials of deep-water seaports in the next years.
Southeast Asia’s top digital economies grew faster than expected in 2022 and are set to reach $200 billion in the total value of transactions made this year.
Sea freight rates are expected to fall in the second half of 2022, but at a glacial pace, allowing transport firms to reap high profits for another six months.