Seaport – Draft amendment to Circular 54/2018/TT-BGTVT on changing container handling service charges
- Vietnam Maritime Administration (VMA) sent a draft to the Ministry of Transport on the amendment of Circular 54/2018/TT-BGTVT for the second time, in which the important content refers to the adjustment of container handling service charge. In particular, Hai Phong, the South region and deep-water ports will be increased by 10% compared to the present. In addition, deep-water ports can apply 110% of the new price because these are key national projects.
- We expect that the draft will be adopted soonbecause higher service charges will bring more income to the state budget but still ensure competitiveness as the current price is much lower than other countries in Asia. If the draft is adopted, the policy will promote rapid growth for the whole seaport industry as the profit margins expand. In particular, GMD, SGP, and PHP are listed companies that greatly benefit from the deep-water port
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