We continue to be optimistic towards the Vietnamese shipping industry this quarter, with forecasts unchanged from Q2 2015. Leading the way in terms of the highest rate of year-on-year (y-o-y) container throughput will be the port of Da Nang (10.0%), while the port of Ho Chi Minh City is anticipated to see y-o-y tonnage throughput growth of 7.61%, beating the port of Da Nang's forecast.
Underpinning this impressive growth is growth in exports. Indeed, total export turnover in Hanoi, the capital city of Vietnam, increased 4.3% y-o-y in Q1 2015 to USD2.67bn. Total sales of goods and services in the reported period rose 11.9% to VND442trn (USD21bn), while retail sales increased 11.7% to over VND104trn (USD4.9bn).
The key exports in the reported quarter included textiles and garments, processed agri-products and electronics with the major markets being Japan, China, ASEAN nations and the US. Overall export turnover in Vietnam for Q1 2015 stood at USD35.7bn, a rise of 6.9% y-o-y compared with the same period in the previous year (VNA/Intellasia).
Headline Industry Data
2015 tonnage throughput at the port of Ho Chi Minh City is forecast to grow 7.61% to 45.06mn tonnes.
2015 tonnage throughput at the port of Da Nang is forecast to increase 6.50% to 5.71mn tonnes.
2015 container throughput at the port of Ho Chi Minh City is forecast to rise 8.0% to 4.99mn twenty-foot equivalent units (TEUs).
2015 container throughput at the port of Da Nang is forecast to increase 10.00% to 206,320TEUs.
2015 total trade real growth is forecast to increase 6.65%.
Key Industry Trends
Vinalines To Offload All State Shares At Quang Ninh Port - Vietnam National Shipping Lines (Vinalines) is planning to sell all state shares of Quang Ninh Port in Vietnam, reports Vietnamnet Bridge. The port's value is estimated at VND622bn (USD29.13mn) with state capital making up VND500bn (USD23.42mn). This share sale plan has come on the back of Vinalines successfully getting the government's...