Log in
Econ

Cai Mep proposed to be unique port for EU, US markets

The Cai Mep Port is proposed to be the only port for exporting local goods to the European Union and the United States, and vise verse, for importing goods from the two markets to Vietnam.

Under a proposal sent to the General Department of Customs, the Cai Mep International Terminal (CMIT), which manages the Cai Mep Port, said that it is necessary to control goods in the port areas to avoid wasting the deep sea port. This could reduce logistics costs to enhance competitiveness for Vietnam’s exports, as goods would be directly transported to the vessels, instead of transshipment to other countries.
 
The Cai Mep Port received Margrethe Maersk container ship last year
The Cai Mep Port received Margrethe Maersk container ship last year
According to CMIT, Cai Mep Port has received 13 container ships sailing from Vietnam directly to the east and west coasts of the US, two direct vessels to Europe and five others to Asia in a week. Some two container ships at Cai Mep Port are transporting Vietnamese imported and exported goods to the US per day and twice a week to the Europe.
Notably, CMIT is the first port at Cai Mep to pilot successfully the Vietnam Automated Cargo and Port Consolidated System (VNACCS/VCIS). The system has benefited not only customs offices and businesses but also transport firms, importers and exporters.
The efforts of the customs sector and the port are aimed at improving the service quality to ensure customs clearance processes are conducted quickly and conveniently. This will also help reduce the fees and administrative procedures at Cai Mep Port.
CMIT said the VNACCS/VCIS would help improve the competitiveness at the port and facilitate its target to become an international terminal.
The Cai Mep–Thi Vai port complex ranks among the top ports in Southeast Asia and is one of the only 19 in the world that can handle 190,000 dead weight tonnage vessels. 
Last year, Margrethe Maersk container ship with the deadweight of 194,000 tons and capacity of 18,300 TEU docked at Cai Mep International Terminal (CMIT), making it the first seaport in Vietnam and the nineteenth in the world able to accommodate the world’s largest Maersk Triple E class container ship.
The event marked a memorable point of the Vietnam’s maritime industry affirming the position of Cai Mep-Thi Vai seaport complex in the world in international shipping transit operations. The ship was on its way to transport goods from Asia and Europe, docking at Cai Mep to load and straightly transport Vietnamese goods to Europe. 
According to Vietnam’s seaport development plan by 2020 approved by the Prime Minister in 2014, Cai Mep container seaport complex comprising CMIT, Tan Cang Cai Mep Thi Vai Terminal (TCTT) and SP-SSA International Terminal (SSIT) in the southern province of Ba Ria-Vung Tau is the deep seaport complex and international entrance gateway of Vietnam. They can handle vessels of 100,000 tons.
Up to 30 percent of Vietnam’s container goods exported to European markets must be transit in Hong Kong, Singapore and Malaysia increasing transport time and costs for many years.
In June 2011, the Prime Minister instructed relevant sides to focus on investing in container seaports in Cai Mep area to develop the area into the southern international entrance gateway, meeting cargo export import to far markets and performing the role of international transit role.
Six years after the first container wharf of Cai Mep seaports came into operation, the volume of container goods via the complex reached 1.36 million TEU in 2015. The number was up 47 percent in the following year to top two millions TEU.
Reactions:
Share:
Trending
Most Viewed
Real estate firms sell bonds worth $402 million in May

Real estate firms sell bonds worth $402 million in May

Real estate companies have raised $862 million from bond issuance in April and May, thanks to an improved business environment and better access to funding.

Vietnam unveils new strategies to boost domestic market, aid businesses

Vietnam unveils new strategies to boost domestic market, aid businesses

As global trade uncertainties grow, Vietnam sees the domestic market not only as a key consumption driver but also a “lifeline” for businesses hit by protectionist export barriers.

Vietnam eyes US tilapia export boost as global supply falls

Vietnam eyes US tilapia export boost as global supply falls

Vietnam aims to increase tilapia output to 400,000 tons by 2030, making it the second-largest freshwater export species after pangasius.

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Many of the key Vietnamese exports, such as wood products, electronics, and textiles, that are not on the US exclusion list could face steep tariffs.

Vietnam's mobile money pilot program extended to end of 2025

Vietnam's mobile money pilot program extended to end of 2025

Mobile Money, launched by the Ministry of Science and Technology, differs from e-wallets by linking users’ payment accounts directly to mobile phone numbers.

Vietnam taps innovation, global ties to elevate national brand

Vietnam taps innovation, global ties to elevate national brand

Vietnam is intensifying efforts to enhance its national brand, leveraging innovation, global partnerships, and strategic policies to bolster its global competitiveness and market presence.

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

The government has expanded the scope and scale of the credit program for the sectors which brought about US$62.4 billion worth of exports in 2024.

Vietnamese public shows rising satisfaction in 2024 PAPI survey

Vietnamese public shows rising satisfaction in 2024 PAPI survey

The 2024 PAPI survey found increasing citizen satisfaction with governance, but highlighted persistent administrative challenges, climate vulnerability, and gaps in access to public services.