Saigon Newport Corporation sharpens competitive edge

Business News

Saigon Newport Corporation sharpens competitive edge

Tuesday, March 24,2020

AsemconnectVietnam - Saigon Newport Corporation (SNC), Vietnam’s premier seaport operator brand, is determined to becoming more competitive to be listed in the world’s top 20 container terminal operators in terms of throughput.

These days, containers have been lining up in front of SNC’s Cat Lai port, ready to haul cargo while the tall port cranes are offloading cargo at full capacity.

According to SNC’s leaders, longshoremen work 3 shifts a day to offload goods from 55 large-tonnage vessels, most of them foreign ships.

Ho Huynh Thanh Hang, Deputy Director of the Tan Cang Logistics Service Center, said SNC is rapidly gaining market share in freight transportation services with more than 700 trucks, tractors, and barges operating in Vietnam, Laos, and Cambodia.

“In Tan Cang, we work round the clock. This year, the company targets a growth rate of at least 6%. My center is hoping to grow 10%,” Hang said.

Last year, container throughput via SNC ports increased 16.2%, moving the company up one place in the global ranking of container terminal operators. The Tan Cang-Cat Lai terminal, SNC’s flagship terminal, handled its 5 millionth TEU of cargo collecting more than US$3.1 million from import-export taxes which is equivalent to 18.6% of Ho Chi Minh City’s total revenue last year.

SNC is focused on strengthening technology application in cargo handling to save time and money for clients while reducing traffic jams outside the ports.

Tran Ngoc Tinh of the Production Team at Cat Lai port said, “Clients now can complete declaration forms using their smartphones and make payments online. This has helped our clients save time changing their habits and increasing throughput at Cat Lai port.”

In 30 years as a leading container terminal operator in Vietnam, SNC has garnered 90% of container throughput market share in the southern region and nearly 50% market share nationwide. It has also performed military defense tasks to help secure Vietnam’s territorial waters.

Source: Vov.vn

PRINT BACK

VIB General Meeting of Shareholders: Approved the plan to pay 35% dividend, profit VND12,200 billion
In 2023, Refrigeration Electrical Engineering (REE) plans to increase profit slightly by 0.3% to VND 2,700 billion
PVOIL (OIL): Outstanding output growth in 2022
Sudico AGM (SJS): Growth target in 2023 from 10-15% of revenue
In 2023, Hoang Huy Investment Services (HHS) expects profit up and dividend of 8%
2023 Nam A Bank (NAB) Annual General Meeting of Shareholders: List shares and expand overseas branches
Mobile World (MWG) plans to increase its profit slightly to VND4,200 billion in 2023
Masan (MSN) continues to attract foreign capital up to VND15,000 billion
Century Synthetic Fiber Coporation (STK) successfully approached USD52.5 million in syndicated loans
Hoa Sen AGM for the year 2022-2023 (HSG): HSG will be profitable in March, April and May 2023
Fitch Ratings first international credit rating with GAS at “BB”
PVCoating (PVB) executes a pipe wrapping contract for Vietsovpetro
Hoang Anh Gia Lai (HAG) earns VND108 billion profit in February 2023
Nam A Bank (NAB) expects VND2,400 billion dong pre-tax profit, 25% dividend
475,000 tons of Hoa Phat steel (HPG) were consumed in February

asemconnectvietnam.gov.vn

License: No 56/GP-TTDT issued by the Ministry of Information and Communications.

Address: Room 605, 6 th Floor, The Ministry of Industry and Trade's Building, No. 655 Pham Van Dong Street, Bac Tu Liem District - Hanoi.

Tel. : (04)38251312; (04)39341911- Fax: (04)38251312

Websites: http://asemconnectvietnam.gov.vn; http://nhanhieuviet.gov.vn

Email: Asem@vtic.vn; Asemconnectvietnam@gmail.com

GO TOP

Hitcounter: 25710709079

Business News

Saigon Newport Corporation sharpens competitive edge

Central Government

Long-term strategy

Culture/Art/Sports/Travel