Crowley maritime corporation address

According to the Vietnam Maritime Administration, an estimated 179.6 million tonnes of cargo were handled through the country’s seaports in the first quarter of this year, up four percent from the same period last year and reaching one fourth of the 2022 target. Container cargo alone grew six percent to reach almost 6.3 million TEUs (tonne equivalent unit). Vietnam National Shipping Lines (Vinalines), a state-controlled maritime services and logistics supplier privatized in September 2020, has become the largest maritime service JSC in the country under its new name, the Vietnam Maritime Corporation (VIMC). With its rebranding, management improvement and newly adapted business plans, VIMC has achieved impressive growth. In the first quarter of 2022, VIMC earned estimated revenues of more than VND4.7 trillion, including a profit worth an estimated VND955 billion. Its 15 seaports earned an estimated profit of VND464 billion, accounting for 49 percent of the corporation’s total. … [Read more...] about Clear sailing ahead for Vietnam Maritime Corporation

Participants at the dialogue (Photo: VNA) The 8th Ocean Dialogue took place in Hanoi on June 29 under the theme “40th Anniversary of UNCLOS: Promoting maritime cooperation in Southeast Asia”, drawing more than 150 direct and 100 online participants, including 15 speakers from 14 countries and territories, and representatives from the UN. Addressing the event, Deputy Foreign Minister Pham Quang Hieu underlined that the passing of the 1982 United Nations Convention on the Law of the Sea (UNCLOS) 40 years ago was a historical milestone in the development of international law, becoming the first comprehensive legal framework and a “constitution” of the sea. The convention has proved its universal values, he said, adding that to date, it continues to play a fundamental role in the development of international law of the sea, promoting peace, security, cooperation among nations, and the sustainable development of the oceans and seas. Hieu affirmed that over the past 40 years, the … [Read more...] about UNCLOS greatly contributes to promotion of regional maritime cooperation:experts

Participants at the dialogue (Photo: VNA) Hanoi (VNA) – The 8th Ocean Dialogue took place in Hanoi on June 29 under the theme “40th Anniversary of UNCLOS: Promoting maritime cooperation in Southeast Asia”, drawing more than 150 direct and 100 online participants, including 15 speakers from 14 countries and territories, and representatives from the UN. Addressing the event, Deputy Foreign Minister Pham Quang Hieu underlined that the passing of the 1982 United Nations Convention on the Law of the Sea (UNCLOS) 40 years ago was a historical milestone in the development of international law, becoming the first comprehensive legal framework and a “constitution” of the sea. The convention has proved its universal values, he said, adding that to date, it continues to play a fundamental role in the development of international law of the sea, promoting peace, security, cooperation among nations, and the sustainable development of the oceans and seas. Hieu affirmed that over … [Read more...] about UNCLOS greatly contributes to promotion of regional maritime cooperation: experts

Addressing the event, Deputy Foreign Minister Pham Quang Hieu underlined that the passing of the United Nations Convention on the Law of the Sea (UNCLOS) 1982 40 years ago was a historical milestone in the development of international law, becoming the first comprehensive legal framework and a “constitution” of the sea. The convention has proved its universal values, he said, adding that to date, it continues to play a fundamental role in the development of international law of the sea, promoting peace, security, cooperation among nations, and the sustainable development of the oceans and seas. Hieu affirmed that over the past 40 years, the legal order set up following the UNCLOS has greatly contributed to maintaining peace and international stability. The peaceful settlement of disputes at sea in line with international law, therefore, has been promoted. In the face of increasing maritime challenges, the international community should uphold the rule of law and comply in good … [Read more...] about UNCLOS greatly contributes to enhancing regional maritime cooperation: experts

Addressing the event, Senior Lieutenant General Pham Hoai Nam, Deputy Minister of National Defense, highly appreciated achievements of the corporation over the past 60 years. In the context of new requirements of the military’s construction and defense industry’s development, General Nam suggested several orientations on business and manufacturing strategies and required the corporation’s leadership to study measures to implement. He urged the company to enhance product promotion and exports in the time to come, especially for defense industry goods. At the event, on behalf of the State President, General Nam presented the second-class Military Exploit Order to the corporation’s leadership. Translated by Trung Thanh … [Read more...] about Defense corporation marks foundation day

Shipping upgrades targeted for 2030-illustration photo, freepik.com The Vietnam Maritime Administration (VMA) has asked the Ministry of Transport (MoT) to implement procedures to approve the development of Vietnam’s international shipping fleet over the next few years. Currently, Vietnamese ships transport freight within the country’s waters only, without a strong capacity for international routes. The VMA has proposed policies to develop Vietnam’s international shipping fleet and increase its market share in the next five years, involving combined incentives related to VAT, import tax, personal income tax (PIT), and concessional loans. To reduce the financial burden for shipping owners, it is necessary to remove the application of 10 per cent VAT according to current regulations for imported freight ships until the end of 2026, the VMA suggested in a document sent to the MoT. Its figures show that VAT on imported ships was VND234 billion ($10.1 million) in 2020 and VND109 … [Read more...] about Shipping upgrades targeted for 2030