Viet Dragon Securities - Seaport – Difficulties are evident and there is no reliable signal for short-term recovery

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Viet Dragon Securities

Quan Cao

Seaport – Difficulties are evident and there is no reliable signal for short-term recovery

Total im-ex value through sea containers in Q1/2023 is estimated at USD 74 billion (-12% YoY), of which the export value and import value are USD 43 billion (-10% YoY) and USD 31 billion (-15% YoY), respectively. Weakening trade flows have led to a decline in the country's container throughput. According to Vinamarine, in Q1/2023, the total throughput of containers nationwide reached 5.18 million TEUs (-15% YoY) of which exports, imports and domestic throughput were 1.76 million TEUs (-8% YoY), 1.78 million TEUs (-18% YoY) and 1.69 million TEUs (-17% YoY), respectively.
Im-ex companies are not ready to import to store inventories as raw materials for production when the value of imports falls deeper than the value of exports, and the PMI index is also below 50 for most of the time of the last two quarters. Trade flows have not yet sent positive signals to help port operations recover soon.

20/04/2023 6 EN

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Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

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Analysts

Quan Cao

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Seaport – Difficulties are evident and there is no reliable signal for short-term recovery

AWAITING THE BREAKOUT

Vietnam chilled-fresh meat market – Significant long-term potential but difficult to realize in

The decline has not come to a halt

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