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Container vehicles ready to unload at Cát Lái Port in HCM Metropolis. — VNA/VNS Picture
HÀ NỘI — The seaport business is predicted to proceed to develop strongly this yr because of energetic import and export actions and the truth that Việt Nam stays a horny vacation spot for FDI inflows. Increased dealing with charges may also profit seaport enterprises.
Constructive outlook
ACB Securities Ltd. (ACBS) mentioned 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 via Vietnamese seaports in 2022 is forecast to achieve 750 million tonnes, up about 3 per cent in comparison with final yr, the securities agency added.
The business’s development is pushed by the restoration and reopening of the worldwide financial system because of the upper COVID-19 vaccination fee, serving to buying and selling actions.
Việt Nam continues to be a horny vacation spot for FDI inflows because of the 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 Việt Nam recorded a compound development fee of over 8 per cent in 2014-2020, boosting the quantity of products transported via 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 greater income for seaport enterprises.
Nonetheless, ACBS additionally identified challenges the business is prone to face in 2022, together with greater freight charges, which improve short-term dangers.
As a result of shortage of containers and congestion at main ports on the planet, freight charges have surged, which reduces the variety of items circulating via seaports. Rising oil costs additionally push transportation prices greater, decreasing delivery demand.
The persevering with complexity of the COVID-19 pandemic nonetheless badly impacts world provide chains, inflicting decrease client demand and negatively impacting the workforce within the business.
Huge 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 Việt Nam Nationwide Transport Strains (VIMC) confirmed that its revenue after tax reached VNĐ2.9 trillion in 2021, 14 occasions greater than that of 2020.
Its delivery quantity was 23 million tonnes, reaching 121 per cent of the plan. After a few years of losses, VIMC’s delivery 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 delivery traces. The sector continues to be the best enterprise exercise of the corporate, accounting for 78 per cent of whole consolidated revenue.
Port of Hải Phòng additionally posted web income of VNĐ2.2 trillion in 2021, up 12.5 per cent year-on-year, with revenue after tax reaching practically VNĐ694.6 billion, up greater than 23 per cent.
Equally, Saigon Port’s web income climbed by 46.6 per cent year-on-year to VNĐ1.37 trillion final yr, whereas its revenue after tax attained VNĐ893.4 billion, practically 4 occasions greater than in 2020.
Within the final quarter monetary assertion of 2021, VIP Greenport noticed a acquire of practically 10 per cent over 2020 to VNĐ816.1 billion in web income, leading to a revenue after tax of VNĐ203.7 billion, up 34.2 per cent.
VIP Greenport operates in cargo dealing with, seaport providers, warehousing and coastal freight transport providers.
Analysts from SSI Securities Company mentioned that on the inventory market, the seaport and logistics inventory worth grew as much as 94 per cent in 2021, 60 per cent greater 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. — VNS
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