The Vietnam Maritime Administration is taking comments for a draft on a possible increase of 10 per cent in container handling charges, except for the Mekong Delta. This means that shipping lines might follow a rise in terminal handling charges. According to Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), in recent years, many shipping lines increased their charges way above their previous rates. Since 2013, Mearsk/MCC Line, which has the largest market share in Vietnam, increased a series of its charges. For example, THC increased from VND4 million ($177.77) to VND5.2 million ($231.1) per container, while delivery order fee rose from VND550,000 ($24.44) to VND730,000 ($32.4). What is more, shipping lines also applied new charges, such as container imbalance charge (CIC), which goes at $60 per container. Differences in the application of the same charges are also a problem. For example, THC for 20-feet container varies from $90 … [Read more...] about Import-export firms fear possible rise in terminal handling charge
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BUSINESS NEWS HEADLINES DECEMBER 6
Tra fish exports to Russia slump Export revenue of tra fish to the Russian market in the first 10 months of this year fell 31 percent compared to last year to 12.5 million USD, reported the Vietnam Association of Seafood Exporters and Producers (VASEP). According to the association, the sharp drop followed last year’s declining trend, and was likely to continue for the rest of 2019. VASEP said that in the last two years, Russia’s tra fish consumption has been modest, with unstable import prices. Meanwhile, the European country’s imports of frozen tra fish fillets have increased slightly by 3 percent, but that of frozen whole fish have fallen 29 percent./. Conference on boosting exports to China They were speaking at a recent conference on agricultural, forestry and seafood exports to China in Mong Cai City in the northern province of Quang Ninh. The conference was organised by the Ministry of Agriculture and Rural Development in collaboration with the People's … [Read more...] about BUSINESS NEWS HEADLINES DECEMBER 6
Startups catching the eye
Vietnam's emerging startup scene is proving to be a case of right place, right time for local and international venture capital funds. Eleven “rising star” startups in Southeast Asia in September converged at the “500 Startups Demo Day” in Ho Chi Minh City to spotlight the dynamic technology landscape in Vietnam and broader Southeast Asia. “There’s more hype about Vietnam’s tech scene now than ever before, as this is an exciting time for Vietnam overall,” said Mr. Eddie Thai, General Partner at 500 Startups Vietnam. “Vietnam is fast becoming an attractive destination for local and international venture capital funds, who are hoping to capture the growing consumer opportunities and leverage the Vietnamese entrepreneurial spirit.” Rising appetite Vietnam’s startup sector is growing at a rapid clip despite the global economic slump and is closing the gap with regional leaders. In only two years, it has made a big leap … [Read more...] about Startups catching the eye