Haiphong, RoK partner to provide logistics services
The Haiphong Port Joint Stock Company and the Heung-A Shipping Co., Ltd of the Republic of Korea (RoK) put into operation their joint logistics services in the northern city of Haiphong on October 14.
Heung-A is among the first shipping companies to open marine transport routes between Vietnam and the RoK. It is also one of the first to enter into a partnership with Haiphong to provide logistics services.
The logistics facility is based at Dinh Vu economic zone- a vibrant economic area with convenient transport connectivity. It has an area of 10 hectares, with an estimated annual capacity of handling 108,000 TEU of empty containers and 7,200 TEU of freight containers. Available services include storage, loading and unloading containers and goods along with other value-added services.
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The Haiphong Port-Heung A joint venture is expected to ease the overload at Hai Phong ports.
Chairman of the Board of Management at Port of Hai Phong JSC Phung Xuan Ha said the establishment of the joint venture marks new cooperation between the two sides, noting that an estimated 80 million tonnes of cargo will be handled at ports in Haiphong City in 2016, over 40% of which will go through Haiphong Port.
According to Ha, the facility could become one of the five biggest depots in northern Vietnam before 2020.
Chairman of the Heung-A Shipping Co., Ltd Youn Jae Lee expressed his confidence that the bilateral cooperation will help his company make the first step in Vietnam’s logistics market, one of the rapidly growing markets in Asia.
According to Vice Chairman of Haiphong People’s Committee Nguyen Xuan Binh, Hai Phong led the country in foreign direct investment (FDI) in the first nine months this year with newly-registered and adjusted capital totaling US$2.74 billion.
