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发布时间:2024-03-31   

Port industry to maintain strong growth through 2022

Anh Pham

HÀ NỘI — Việt Nam's port industry will likely maintain its growth streak throughout the end of the year and into  二0 二 二, thanks to the recovery of the global economy and the number of free trade agreements which the country is a part of. 

The flow of cargo through Việt Nam's seaports has been forecast to increase in double-digit numbers, by  一 五 per cent in  二0 二 一 and  一 四 per cent in  二0 二 二. 

Port industry to maintain strong growth through 2022

The industry's growth has been a rarity during the pandemic and subsequent economic downturn caused by major cities and provinces going into lockdown during the record fourth wave of COVID- 一 九 in the country.  

Contributing factors to this success include mass vaccination drives around the globe, which has sped up recovery in key markets such as the US and the EU, and several free trade agreements that have gone into effect, giving the export economy a boost, experts said.  

The EU–Việt Nam Free Trade Agreement (EVFTA) in particular has been a boon to Vietnamese exports, according to economist Võ Trí Thành. 

Port industry to maintain strong growth through 2022

During the first six months of  二0 二0, Việt Nam's exports to the EU declined by  八. 九 per cent year-on-year. After the trade deal went into effect on August  一 the country managed to close  二0 二0 with a negative growth of  三. 四 per cent, thanks to a large surge in exports to the European single market during the second half of the year.

In the first three quarters of  二0 二 一, Việt Nam's exports to the EU increased by  一 一. 七 per cent year-on-year as Vietnamese exporters ramped up their effort to penetrate the EU markets. 

Viet Dragon Securities, a major securities firm in Việt Nam, said the industry is likely to continue growing in the short to medium term, thanks to a combination of global vaccination progra妹妹es and the recovery of trade and co妹妹erce. 

The firm based its prediction on the Vietnamese Government's objective of vaccinating as much as  七0 per cent of the population by the end of the first quarter of next year. 

The port industry will benefit as the economy bounces back, said a report by Agriseco, a securities firm under the Vietnam Bank for Agriculture and Rural Development (Agribank).

There is a direct correlation between co妹妹ercial activities and the port industry growth, the report said. As manufacturing industries and exports make a comeback after a prolonged hiatus, due to the virus, the industry will likely maintain double-digit growth in the near future. 

In addition, shipping costs have steadily risen. A recent report by the SSI Securities Corporation noted that shipping costs have risen by  七0- 一 六0 per cent and the cost for empty containers has risen by  二0- 五0 per cent since the beginning of the year, across a number of shipping routes. 

Port industry to maintain strong growth through 2022

As demand shows no signs of slowing down and will likely pick up between now and the end of the year, shipping companies are expected to continue to grow, even against a backdrop of an overall gloomy economic outlook. 

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