Analyst Pin-board: Seaport Industry Update
Container throughput at Vietnamese seaports in 4M-FY20 diverged strongly
Nationwide total container volume, as per Vinamarine, rose by 11% YoY to 6.7 mn TEUs (import/export container volume +7% YoY, domestic volume +18% YoY), which was mainly driven by the robust growth in terminal groups located in Vung Tau (+19% YoY). We estimate other key import/export container terminal regions posted lackluster performance. Accordingly, Ho Chi Minh City’s volume modestly ticked up by 2% YoY to approximately 2.3 mn TEUs while Hai Phong’s volume declined by 1% YoY to approximately 1.6 mn TEUs.
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