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
