Vietnam: $2 billion seaport running at 15-20 percent of capacity

Vu Ngoc Thao from Ba Ria – Vung Tau Transport Department admitted that the exploitation efficiency of Cai Mep – Thi Vai seaport, which has capacity of 7 million TEU, increasing to 11 million TEU after expansion, is low. The problem is unreasonable coordination of cargo flow, which leads to some ports being overloaded while others are left idle.

Chair of Ba Ria – Vung Tau province Nguyen Van Trinh said that only 3 out of every 100 shipments go through Thi Vai – Cai Mep, the remaining 97 go through Cat Lai Port. Goods owners prefer Cat Lai to Thi Vai-Cai Mep because there is an ecosystem (loading/unloading service, customs procedures and transportation) at Cat Lai which allows them to optimize costs.

Nguyen Duy Minh, secretary general of the Vietnam Logistics Association and president of Intelog, said the harmonized apportion of imports/exports between Cai Mep – Thi Vai and Cat Lai Port through ICD system in HCMC will help businesses cut logistics costs and deliver goods quickly.

(Hellenic Shipping News)