
In addition, the fee for import and export goods declared in Ho Chi Minh City or another locality is also adjusted to the same rate. Import and export goods transported by water will be reduced by 50% of the fee. 10 of the City Council on collecting seaport infrastructure fees from August 1, 2022.Īccordingly, Ho Chi Minh City exempts fees for all types of goods, including imported goods directly serving security and defense ensuring security and overcome consequences of natural disasters and epidemics sending to the bonded warehouse transit in and out of the port by waterways according to the Agreement between the Governments of Vietnam and Cambodia on water transport. However, after the implementation period, many businesses and associations reacted because they thought there was discrimination, this fee added a burden to businesses, especially after the pandemic.Īt the 6th meeting of the People's Council of Ho Chi Minh City, term X on June 25, 2021, the Resolution on amending and supplementing Resolution No. The fee collection process is implemented electronically, not using cash.

Ho Chi Minh City started to collect seaport infrastructure fees from 00:00 on April 1 with the lowest level of 15,000 VND per ton, the highest 4.4 million VND for a 40-foot container. It is expected that in 2023, the revenue will reach about VND 3,000 billion. Nguyen Duy Minh, General Secretary of the Vietnam Logistics Business Association (VLA) proposed information to Board IV to the Government on directing the exemption and reduction of seaport infrastructure fees for import-export businesses to partly reduce the burden on businesses during the current import and export situation.Īs of December 31, 2022, Ho Chi Minh City has collected over VND 1,900 billion from port infrastructure fees. Photo: T.HĪt the recent briefing of the Private Economic Development Research Board (Board IV), Mr. The road to Cat Lai port in Ho Chi Minh City. Vietnam, Belgium promote partnership in seaport, logistics Now, it’s removed any time reference from its financial documents, saying only that pre-construction work started in the third quarter of 2022 and phase one is expected to have an initial capacity of 150,000 vehicles per year, ramping up to around 250,000 vehicles a year upon completion of phase two - but giving no expected date for when that might be.Vietnam needs 13.3 billion USD to develop seaportsĬombining with seaports and logistics ecosystem to support export-import goods In March, the company indicated production at the as-yet-unbuilt facility wouldn’t start until 2025. The manufacturer also appears to have moved away from a time frame for production at its mooted factory in North Carolina. Last month, Vuong said VinFast could be profitable after 2025 if operations are “smooth” and break even by the end of next year.


The company’s first-quarter result compares to a 9.7 trillion dong net loss in the year-earlier period. Its parent Vingroup JSC, its affiliates and external lenders have deployed around $9.3 billion to fund the EV maker between 2017 and the end of March, according to the filing. Vuong’s push to prop up VinFast has been costly. Read more: Richest Man in Vietnam Reinforces Risky $8 Billion Wager on EVs VinFast is forecasting sales to reach 45,000-50,000 this year and has said it may produce electric pickup trucks, a mini car and other models - subject to market demand. slashing prices and putting pressure on incumbents such as Ford Motor Co. While VinFast has started shipping its battery-powered sport utility vehicles to customers in the US, it’s wading into an increasingly competitive market, with Tesla Inc. The deal, to be completed by July 20, would give VinFast an equity value of about $23 billion.

The company expects more operating and net losses in the near term as it scales vehicle production, sets up factories and pays for marketing, sales and servicing efforts, it said in a US regulatory filing.īacked by Vietnam’s richest man, Pham Nhat Vuong, VinFast plans to list in the US by merging with special purpose acquisition company Black Spade Acquisition Co. (Bloomberg) - VinFast’s net loss widened to 14.1 trillion dong ($599 million) in the first quarter ahead of a bid by the Vietnamese electric-vehicle maker to go public in the US this year.
