Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade XRPUSD, Bitcoin and Cryptocurrencies

BUY & SELL XRPUSD | View XRPUSD News & Updates

Buy Sell XRPUSD, Bitcoin and Cryptocurrencies

Stalled containers must be processed by mid-June: HCMC vice mayor   2008-05-28 - TuoiTre

The Ho Chi Minh City customs agency must take swift action to address the delayed delivery of imported goods at the city’s major ports and resolve the issue by June 15 at the latest, a municipal vice mayor has said.




HCMC vice mayor Nguyen Thi Hong on Monday instructed the city’s Customs Department to make a thorough review of consignments of imported goods stuck at Vietnam International Container Terminals (VICT) Port in District 7 and Cat Lai Port in District 2 and expedite their transfer.

Many companies have been despairing over the postponed delivery of their imported goods, which have been blocked at the two ports for days.

Local exporters have struggled to get their products into the already-full ports.

Disgruntled businesses fear that the longer shipments are trapped at the ports, the costlier it is for local companies.

The daily fee for a 20-foot and a 40-foot container at VICT Port is US$1.60 and $2.40 respectively, while an empty container is charged between $0.80 and $1.20 a day.

The delay has also fumed customers who threatened to cancel contracts if they can’t get their goods sooner.

Customs officials said the port infrastructure, including container-moving equipment, could not keep up with the increase in the number of shipments.

Hong also asked customs officials to keep a close watch on imported goods such as construction materials, iron, steel and steel billets to prevent importers from hoarding the consignments for speculative purposes.

Other news

Snafu halts HCMC stock exchange   2008-05-28

Money changers buy dollars for VND17,630   2008-05-28

Do real estate bonds violate laws?   2008-05-28

Record US$ 20.3 billion FDI drives Vietnamreal estate   2008-05-28

10 billion USD project to be licensed in Phu Quoc   2008-05-28

HCMC Suspends Stock Trading over Technological Glitch   2008-05-28

Massive foreign tourism project breaks ground in Ba Ria-Vung Tau   2008-05-27

Chock-a-block port causes headache for importers   2008-05-27

Vietnam banks more cautious, HSBC country head says   2008-05-27

Banks, borrowers struggle with tighter credit   2008-05-27

Real estate market to remain lackluster for 1.5 more years: experts   2008-05-27

Solutions to stabilise real estate market   2008-05-27

WB approves US $502 million loan for three projects   2008-05-26

New shares should be discounted – fund   2008-05-25