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The seaport trade is predicted to proceed to develop strongly this yr due to energetic import and export actions and the truth that Viet Nam stays a sexy vacation spot for FDI inflows. Increased dealing with charges may even profit seaport enterprises.
Constructive outlook
ACB Securities Ltd. (ACBS) stated that in 2022 it was anticipated that transportation actions will stay secure, with the quantity of products up about 6 per cent.
The quantity of products transported by way of Vietnamese seaports in 2022 is forecast to succeed in 750 million tonnes, up about 3 per cent in comparison with final yr, the securities agency added.
The trade’s development is pushed by the restoration and reopening of the worldwide economic system due to the upper COVID-19 vaccination price, serving to buying and selling actions.
Viet Nam remains to be a sexy vacation spot for FDI inflows as a result of disruption of the worldwide provide chains and the wave of a manufacturing shift. The nation additionally advantages from many free commerce agreements.
FDI inflows into Viet Nam recorded a compound development price of over 8 per cent in 2014-2020, boosting the quantity of products transported by way of seaports. In 2021, FDI capital is estimated at US$31.15 billion, up 9.2 per cent over 2020.
As well as, the Ministry of Transport is submitting to the Authorities a draft modification to a round on dealing with charges at Vietnamese seaports. Dealing with charges at ports will improve by 10 per cent in 2022-2024 relying on the port space, leading to larger income for seaport enterprises.
Nonetheless, ACBS additionally identified challenges the trade is more likely to face in 2022, together with larger freight charges, which improve short-term dangers.
As a result of shortage of containers and congestion at main ports on this planet, freight charges have surged, which reduces the variety of items circulating by way of seaports. Rising oil costs additionally push transportation prices larger, lowering transport demand.
The persevering with complexity of the COVID-19 pandemic nonetheless badly impacts world provide chains, inflicting decrease shopper demand and negatively impacting the workforce within the trade.
Massive returns
Regardless of the developments of COVID-19, Vietnamese seaport enterprises nonetheless witnessed excellent development in income final yr.
The fourth quarter enterprise results of Viet Nam Nationwide Transport Traces (VIMC) confirmed that its revenue after tax reached VND2.9 trillion in 2021, 14 occasions larger than that of 2020.
Its transport quantity was 23 million tonnes, reaching 121 per cent of the plan. After a few years of losses, VIMC’s transport sector posted a optimistic efficiency in 2021.
Sixteen VIMC seaports have dealt with over 125 million tonnes of products, up 13 per cent in comparison with 2020.
VIMC’s port system has additionally developed 13 new routes for container transport traces. The sector continues to be the simplest enterprise exercise of the corporate, accounting for 78 per cent of complete consolidated revenue.
Port of Hai Phong additionally posted internet income of VND2.2 trillion in 2021, up 12.5 per cent year-on-year, with revenue after tax reaching almost VND694.6 billion, up greater than 23 per cent.
Equally, Saigon Port’s internet income climbed by 46.6 per cent year-on-year to VND1.37 trillion final yr, whereas its revenue after tax attained VND893.4 billion, almost 4 occasions larger than in 2020.
Within the final quarter monetary assertion of 2021, VIP Greenport noticed a acquire of almost 10 per cent over 2020 to VND816.1 billion in internet income, leading to a revenue after tax of VND203.7 billion, up 34.2 per cent.
VIP Greenport operates in cargo dealing with, seaport companies, warehousing and coastal freight transport companies.
Analysts from SSI Securities Company stated that on the inventory market, the seaport and logistics inventory worth grew as much as 94 per cent in 2021, 60 per cent larger than the market benchmark VN-Index. Of which, MVN surged by 205 per cent, SGP up 183 per cent, PHP jumped 72 per cent and VGR up 30.7 per cent.
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