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Shipping industry to be developed by 2020

According to the plan, the majority of imports and exports are to be transported by sea, embedding Vietnam further into the global shipping network and connecting the country to distant destinations, such as Northern Europe or South America. By 2020, the industry is expected to meet nearly all domestic shipping …

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Conditions for sea transport

Decree No 30/2014/ND-CP (14 April 2014) relates to sea transportation, sea transportation agency services and sea transportation towage services businesses in Viet Nam. It applies to both Vietnamese and foreign organisations and individuals that are engaged in these businesses. Sea transportation business To obtain the five-year licence for offering sea …

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Norway seeks maritime opportunities in Vietnam

Norway wants to comprehensively cooperate with Vietnam in the maritime industry which is developing rapidly in Southeast Asia, said a Norwegian trade representative. Harald Neavdal, Head of the Maritime and Oil & Gas at Innovation Norway, expressed his desire at a seminar in HCM City on March 18. Terje Lillenes, …

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Vinashin issues government guaranteed rollover bonds

The government of Vietnam has decided to guarantee the $600 million bonds to be issued by the Vietnam Shipbuilding Industry Group (Vinashin) in an effort to restructure its huge debts. The October 10 trading session at the New York Stock Exchange which opened at 9 am local time, or 8 …

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Glut of companies struck with Q1 losses

Over 60 listed companies, most of which are brokerage companies and firms operating in the shipping and building material sectors, reported losses during the first quarter of this year. In the securities sector, draining liquidity on the stock market saw brokerage revenues for most companies shrink, with small securities businesses …

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Hong Ha Shipbuilding delivers 2nd freighter

Hong Ha Shipbuilding One-Member Co. Ltd. under the General Department of National Defence Industry handed over the second Asphalt2-HH16 tanker to the VP Petrochemical Transport Joint Stock Company (Vietnam National Petroleum Group) in Hai Phong on March 13th. With its 3,500DWT capacity and modern, international standard equipment, the “Asphalt2”, 99m …

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Int’l port in full steam

The deep-water Cai Mep-Thi Vai international port in Ba Ria-Vung Tau Province was officially put into operation on Monday. The port which is part of the Cai Mep-Thi Vai port complex consists of piers, roads linking from National Highway 51 to the port, and logistics facilities. According to the Project …

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