New international container terminal opens in HCM City
A new international container terminal was officially opened on September 18 in HCM City, promising to boost trade activities of the southern city whose biggest port is severely overloaded.
A new international container terminal was officially opened in HCM City (Photo: vov.vn)
HCM City (VNA)♋ – A new international container terminal was officially opened on September 18 in HCM City, promising to boost trade activities of the southern city whose biggest port is severely overloaded.
A total investment of more than 200 million USD went into the SP-ITC international container terminal, stretching over 48ha in District 9.
Facing Dong Nai and Ong Nhieu Rivers, the newly-opened terminal is also connected with the Long Thanh–Dau Giay Expressway and the Cai Mep international terminal in the neighbouring Ba Ria-Vung Tau Province.
SP-ITC’s favourable location is expected to promote trade across the Mekong Delta region, particularly in Binh Duong, Dong Nai and Ba Ria-Vung Tau provinces.
Deputy Prime Minister Truong Hoa Binh said that the SP-ITC terminal, which was just a muddy area five years ago, would become an important trading gate not only for HCM City but for the key economic region in the southern part of the country.
“The new port will share the burden with the Cat Lai Port, which is already overloaded with export and import activities,” he said at the opening ceremony.
The SP-ITC terminal is able to receive container ships 230 metres long with up to 35,000 deadweight tonnage.
All the equipment and machines at the terminal run on electricity, not diesel fuel, saving energy consumption by more than 30 percent.-VNA
Port operator Sai Gon Newport Corporation hopes to handle 6.06 million TEUs (equivalent to 80.6 million tonnes) of cargo this year, 13 percent higher than last year.
The Cai Lan International Container Terminal (CICT) in the northern province of Quang Ninh received the first foreign cargo ships of the Year of the Monkey on February 10 and 11.
Construction on the Hai Phong international container terminal (component B) began in Cat Hai district, the northern port city of Hai Phong, on May 12.
Authorities and experts are considering a master plan to comprehensively develop the logistics industry that fully utilises the city’s advantages and meet urgent and long-term requirements.
The Da Nang Port JSC started the second phase of a project to expand Tien Sa Port on July 31, to make it a modern container port in the central region.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.