Sign up | Log in



Home  >>   Daily News  >>   Vietnam  News  >>   Trade  >>   Vietnam develops ports to draw Chinese exports
NEWS UPDATES Asean Affairs        22  March 2011

Vietnam develops ports to draw Chinese exports

Related Stories

March 9, 2011
Vietnam to conclude free trade agreement with EU

February  24, 2011
Japanese delegation seeks Vietnamese opportunities

February 16, 2011
Indonesia imports Vietnamese rice

February 12, 2011
Export curbs in Indonesia?

February 2, 2011
China biggest deficit creator to Indonesia

January 31, 2011
Curbs on Indonesia's exports bring concern

Vietnam is pouring $21 billion into building ports for the world’s largest container ships in a drive to draw export industries from China.

The investment may propel the port complex near Ho Chi Minh City into the ranks of the world’s top 15 ports within a decade, said Malcolm Gregory, chief commercial officer at the $270 million Cai Mep International Terminal Co. His optimism underlines the former Saigon’s transformation less than four decades after being overrun by Communist forces.

Companies from Nokia Oyj to Intel Corp. are shifting production to Vietnam, lured by cheaper labor compared with China and deeper ports for container vessels sailing directly to the U.S., Europe and Asia. The government aims to boost shipping volume more than 400 percent this decade in the quest for economic growth. Exports make up about 75 percent of Vietnam’s gross domestic product.

“Vietnam is so heavily dependent on external demand that getting the entire system to work, not just ports, but roads and railways too, and making customs work faster, is a big part of the story,” said Jonathan Pincus, the dean of the Harvard Kennedy School’s Fulbright Economics Teaching Program in Ho Chi Minh City.

Port manager Vietnam Container Shipping Joint-Stock Co. is among stocks worth buying, says Cha Kyung Jin, the Seoul-based head of investment at Golden Bridge Asset Management Co. He pointed to the untapped potential in a nation that last year exported less than half as much as Thailand, whose population is about a quarter smaller.

“We want to increase our investment in Vietnamese companies, including Vietnam Container Shipping,” he said. “Their port industry offers a lot of potential as their international trade is growing.”

Shares in the Vietnamese company, based in Haiphong, east of Hanoi, have risen 1.6 percent this year. Another shipping enterprise, General Forwarding & Agency Joint-Stock Co., is a “good buy” after sliding since 2009, said Ho Chi Minh City- based Nguyen Hoai Nam, an analyst at Kim Eng Vietnam Securities.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    22  March 2011 Subsribe Now !
 • Indonesia postpones subsidy fuel cut
Subcribe: Asean Affairs Global Magazine
• Malaysia may be weapons transit point Asean Affairs Premium
• Malaysia faces water crisis

• Philippines kicks off bond sale

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Singapore develops tourism strategies

• World Bank concerned about Asian subsidies

• Japan continues Thai investments

• Vietnam develops ports to draw Chinese exports
Asean Analysis    22   March 2011 Advertise Your Brand
• Single visa system for Asean? Sponsor Our Events
Asean Stock Watch    21  March 2011
• A Wild Week in ASEAN
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand