VIETNAM BUSINESS NEWS MAY 14 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
14/05/2021 09:58 GMT+7
New container terminals to be built in Hai Phong
A project building container terminals No 3 and 4 at the Hai Phong International Gateway Port in the Lach Huyen Port area was launched in the northern port city on May 12.
With a total length of 750 metres and a width of 50 metres, the two terminals will be able to berth 160 TEU (3,000 DWT) vessels. The project’s total area is 47 ha.
Approved by the Prime Minister on January 9, 2019, the project is scheduled to be totally completed in 2024, one year earlier than planned.
Meagre profits for some lead to longer-term hopes 10:00 | 12/05/2021
Meagre profits for some lead to longer-term hopes, illustration photo
One of the worldâs largest producers of basa fish, Vinh Hoan JSC, saw its sales rise in all its major markets in the first quarter of the year, with gross profits hitting $11.8 million, up nearly 27 per cent on-year. However, it posted a 14-per-cent loss in profit after tax despite the gross profit gain.
Company chairman Tran Le Khanh explained that the US marketâs consumption is focused on restaurants, while in Europe consumption occurs mostly in supermarkets. Therefore, as restaurants gradually reopen in the US, so do exports. However, Vinh Hoan reported that its profit only amounted to $5.7 million.