keonhacai tvTHERE ARE STILL MANY CHALLENGES WAITING FOR SHIPPING ENTERPRISES

Goods passing through Vietnam's seaports increased compared to last year, especially domestic goods. Under such circumstances, seaport enterprises have many opportunities to accumulate revenue and profit. However, there are still many challenges for shipping enterprises.

Domestic goods increase, import-export goods decrease

According to keonhacai tv Vietnam Maritime Administration (HHVN), keonhacai tv total volume of goods through Vietnam's seaports in keonhacai tv first 11 months of 2022 is estimated at more than 670 million tons, up 4% over keonhacai tv same period in 2021. Up to now, keonhacai tv total keonhacai tv throughput of goods through keonhacai tv seaport has reached 92% of keonhacai tv plan.

However, according to statistics, keonhacai tv volume of imported and exported goods decreased. Specifically, exports in 11 months were estimated at more than 163 million tons, down 3% compared with keonhacai tv same period in 2021. Imports also decreased by 3%, estimated at more than 191 million tons.

keonhacai tv bright spot is that domestic goods tend to increase. Specifically, in keonhacai tv past 11 months, domestic goods were estimated at more than 314 million tons, up 13% compared to keonhacai tv same period in 2021. In which, keonhacai tv volume of container cargo through seaports in keonhacai tv first 11 months of 2022 was estimated at nearly 23 million TEUs, an increase of 5% compared to 2021.

Thanks to keonhacai tv growth of domestic goods, a number of seaport enterprises such as Hai Phong port and Da Nang port have recorded positive business results. Specifically, according to keonhacai tv financial report, accumulated after keonhacai tv third quarter of 2022, keonhacai tv revenue of Da Nang Port reached 863 billion dong, up 5.5% over keonhacai tv same period. Profit before tax reached 245 billion dong, completing about 71% of keonhacai tv profit target assigned for keonhacai tv whole year. Profit after tax reached 197 billion dong, up 8.7% over keonhacai tv same period.

At Hai Phong port, keonhacai tv 10-month profit target exceeded 30.3% of keonhacai tv plan, up 10.8% over keonhacai tv same period. Meanwhile, in keonhacai tv first 10 months of keonhacai tv year, keonhacai tv consolidated revenue of Saigon Port is estimated at more than 1,000 billion dong, equaling 88% of keonhacai tv same period in 2021 and reaching 81% of keonhacai tv year plan. Profit before tax is estimated at more than VND 250 billion, equaling 70% of keonhacai tv same period and reaching 65% of keonhacai tv year plan.

But there are still many difficulties

Thanks to keonhacai tv advantages of keonhacai tv market, a large state-owned "general" specializing in maritime business, Vietnam Maritime Corporation (VIMC), has had impressive business results. Accordingly, in keonhacai tv first 10 months of this year, VIMC achieved a shipping volume of about 17.7 million tons, throughput of goods through keonhacai tv port was about 103.6 million tons, container throughput was estimated at 4.4 million TEUs; estimated revenue of 12,944 billion dong, profit of 2,957 billion dong, respectively 3% and 17% higher than keonhacai tv plan in 2022.

VIMC's business results are quite impressive, but keonhacai tv report of this unit shows that keonhacai tv shipping market has good freight rates from February to March and declines at keonhacai tv end of keonhacai tv first quarter of 2022, to keonhacai tv middle of June, keonhacai tv Baltic dry cargo chartering index continuously declined.

In addition, VIMC as well as other shipping enterprises have difficulties such as China's strict application of zero COVID-19 measures, causing keonhacai tv export volume to be congested and sharply reduced at keonhacai tv northern border gates. Not only that, fuel costs continuously increased sharply, which directly affected keonhacai tv operation of marine service enterprises.

VIMC leaders said that, with keonhacai tv trend of corporations and production units directly performing logistics services, along with fierce competitive pressure from FDI enterprises, keonhacai tv private sector, and VIMC's maritime service sector will continue to face many difficulties in keonhacai tv coming time.

Experts in keonhacai tv shipping industry said that at keonhacai tv end of keonhacai tv year, seaport and shipping businesses all face difficulties with keonhacai tv risk of economic recession when consumer demand in keonhacai tv US and Europe sharp decline, inflationary pressure as well as keonhacai tv impact of Zero COVID policy from China and keonhacai tv conflict between Russia and Ukraine. This causes keonhacai tv volume of goods passing through keonhacai tv ports to be affected, and keonhacai tv growth rate is also sluggish. Therefore, businesses need to actively change their business operations to avoid losses in keonhacai tv last months of keonhacai tv year.