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TCTT welcomes the first vessel of CU Lines, launching CES service
In the morning of May 2, 2021, in Ba Ria - Vung Tau, Tan Cang - Cai Mep Thi Vai Port Company Limited (TCTT), Saigon New Port Corporation welcomed REN JIAN 25 to operate the service route. CHINA UNITED LINE's CES (CU LINES) for the first time at the port.
The CES service route has a roadmap to connect Cai Mep with ports on the Asia-Europe maritime route. This is a new service service of CU Lines to meet the strong import and export demand between Asian and European markets.
Speaking at the ceremony, Senior Lieutenant Colonel Bui Van Quy, Deputy General Director of Saigon Newport Corporation highly appreciated the support and valuable cooperation of CU Lines and its customers and committed that Saigon Newport in general and TCTT in particular will constantly improve the quality of fast shipping service, prompt and convenient delivery, as well as apply advanced technology to save costs and meet shipping lines and customers’ expectation.
Import and export has recorded a significant growth within 10 years
Although the process of COVID-19 is still complicated in many countries around the world, Vietnam's import-export activities in the first four months of 2021 still recorded a high growth rate compared to the same period in 2020 with the highest increase in the past 10 years
According to the Ministry of Industry and Trade, the total export and import turnover in the first four months of this year was estimated at 206.51 billion USD, up 29.5% over the same period last year, of which exports reached 103.9 billion USD. an increase of 28.3%; import reached 102.6 billion USD, up 30.8%. The balance of trade in goods in the first four months of the year was estimated to have a trade surplus of US $ 1.29 billion.
Specifically, export turnover in April 2021 was estimated at US $ 25.5 billion, down 14% from the previous month. Compared to the same period last year, export turnover in April increased by 44.9%.
Generally for the first 4 months of 2021, export turnover was estimated at 103.9 billion USD, up 28.3% over the same period last year, of which the domestic economic sector reached 25.77 billion USD, up 12.8%, accounting for 24.8% of the total export turnover; foreign investment sector (including crude oil) reached 78.14 billion USD, up 34.4%, accounting for 75.2%.
In 4 months, there were 19 items with an export turnover of over 1 billion USD, accounting for 84.5% of the total export turnover (5 items with an export turnover of over 5 billion USD, accounting for 59.8%)
According to the Ministry of Industry and Trade, in the context of the world still in a heavy situation of the Covid-19 epidemic, with other consequences from the pandemic such as the lack of empty containers, or the increase in rates ships, the incident of the Suez Canal plus the high transportation costs ... Vietnam's import and export activities from the beginning of the year until now have continuously recorded positive results and have a rather sustainable development. on equal growth in all important commodities such as electronics, textiles, footwear, machinery, agricultural products ... and in major markets such as the US, China, EU, Korea, Japan, ASEAN ...
It is forecasted that import and export activities will continue to flourish in the coming time when free trade agreements are gradually being implemented in a more comprehensive and effective manner. In particular, the agreements of CPTPP, EVFTA, UKFTA ... will continue to create chances for Vietnamese goods to enter international markets with preferential tariffs, thereby promoting a strong export growth in the upcoming time. Besides, export commodity prices also tend to increase, especially strong products of Vietnam such as rice, coffee, tea, rubber, and pepper will be an important driving force to increase export value..
However, import and export activities are still facing many barriers such as difficulty in transporting goods; many supply chains were interrupted, market demand has not recovered evenly; input costs such as logistics, imported raw materials increased; Agricultural and seafood export markets continuously make changes in food safety certification regulations ... Therefore, enterprises themselves must strive to improve their competitiveness as well as their adaptability to overcome through difficulties, actively change direction to effectively seize opportunities from the new context.
Recently, before the incident of the super ship stuck in the Suez Canal - an important point on the journey of exporting goods to the EU, the Ministry of Industry and Trade has directed the Vietnam Trade Office in Egypt to closely monitor the liberation progress ship Ever Given for timely information to import-export businesses. At the same time, coordinate with the Ministry of Transport to grasp the delivery and handling schedule of the key ports to take necessary regulatory measures. In the coming time, the Ministry of Industry and Trade will continue to strengthen activities to support businesses in the market, reform administrative procedures related to import and export, remove difficulties in input, support information. and promote the organization of online trade promotion activities to promote the export of goods.
Wan Hai launches new services to meet the Vietnamese market demand
Wan Hai Lines is raising rates on Taiwan-Vietnam routes as Taiwan's intra-Asia carrier intensifies expansion in the Vietnamese market with two new services starting May 2.
Due to high demand amid tight capacity and container equipment, the increase will be USD 50/TEU, effective from 7 May. Expected 40ft container freight rate thereafter is approximately 1,000 USD.
Wan Hai launches a weekly service that connects South China, Vietnam and Western India, with the other being a weekly Taiwan-Vietnam-Thailand service. The carrier will also receive 10 new ships by 2021.
Wan Hai Lines said, “We want to strengthen our coverage of the Southeast Asian market and provide customers with better transit times and more convenient shipping services.”
In China-Western India 8 (CI8) service, Wan Hai deploys four vessels with sizes ranging from 1,700TEU to 3,000 TEU. The port rotation is HONG KONG - NANSHA - TCIT - PORT KLANG - NHAVA SHEVA - COLOMBO - PORT KLANG NORTH PORT - DA NANG - HAI PHONG - HONG KONG.
The service will begin with a charter ship, the 1,740TEU Hansa Rendsburg, departing from Nansha on May 2.
CI8 service will allow Wan Hai to provide shippers with direct connections between Vietnam and Western India. The Taiwanese carrier will also launch another weekly service connecting China and western India, augmenting its three existing China-West India services.
On May 2, Wan Hai also launched the Taiwan - Thailand - Vietnam (TVT2) service, using two 1,050TEU vessels.
The port rotation of TVT2 service is Taipei (Taipei) - Kaohsiung (Kaohsiung) - Laem Chabang - Ho Chi Minh - Kaohsiung - Taipei.
The Vietnamese market is continuing to grow and creates more containerized exports, leading some carriers to expand their Southeast Asian connections to this market. Production between East Asia and Southeast Asia increased after US-China trade tensions prompted manufacturers to shift some production activities from China to Vietnam.
INFOGRAPHIC EXPORTS AND IMPORTS OF GOODS AND SERVICES IN THE FIRST QUARTER OF 2021
Source: TCTT Facebook Page, Phaata, Wan Hai / Container News, VLR
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