Slight increase in Vietnam's cargo throughput via seaports in Jul

23 Aug '22

1 min read

Pic: xuanhuongho / Shutterstock.com

The Vietnam Maritime Administration recently said cargo throughput through the country’s seaports hit 62.9 million tonnes in July this year—up by 2 per cent year on year (YoY). Container throughput increased by 1 per cent to 2.2 million twenty-foot equivalent units (TEUs) during the month. Economists said the growth of goods throughput at seaports is still low and is yet to reach the pre-pandemic level.

The situation is being attributed to the continuing impact of the pandemic and the Russia-Ukraine war, which has hit the global economy.

Vietnam’s open economy cannot avoid the rising global inflation and bleak growth prospects, economists feel.

The decrease in the volume throughput of domestic goods in the past three months by more than 20 per cent shows the goods circulation in the region has not recovered after the pandemic, Trinh The Cuong, director of the Da Nang Port Authority, was quoted as saying by a news agency.

The country’s port and shipping industry is projected to have a long-term rebound outlook due to export growth in the second half of this year and 2023, according to the Saigon Securities Incorporation.

Fibre2Fashion News Desk (DS)

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