Huynh Van Thon, Chairman of the Board of Directors of Loc Troi Joint Stock Company, said that the company won a contract to supply 65,000 tons of Bulog 65 rice in the early days of the year. According to Thon, Loc Troi Group’s 3,600 production personnel have been present at the factories to restart production. The factories are striving to ensure the orders signed before the Lunar New Year. “On February 15th, the plant resumed production with the production of plant protection drugs, fertilizers, packaging, and 10 rice factories with a capacity of 2 million tons of rice per year for the domestic and international markets,” said Thon.
On the New Year’s Eve of February 9th (January 30th of the Lunar calendar), at Cat Lai Port (Ho Chi Minh City), Saigon Newport Corporation issued the first order of the Spring festival of the year of Buffalo 2024. In which, the export cargo was loaded on the Uni Perfect vessel of the Ever Green shipping line with a load capacity of 19,308 tons, carrying nearly 1,618 TEUs. The shipment is electronic components – the main product contributing to Ho Chi Minh City’s export turnover reaching over 42 billion USD last year.
Nguyen Ngoc Luan, the founder of the Meet More brand of agricultural coffee, announced that on the first working day after the Lunar New Year holiday (February 16th), he promptly took the goods to Cat Lai Port and headed straight to the Australian market. Two 40-foot containers, each containing about 18 tons of various agricultural coffee such as robusta coffee, potato coffee, mango coffee, and salted coffee, will arrive in Australia about 18 days later. Meet More is also in a hurry to ship 1 container to the US market in January. In addition, the Korean market has opened a letter of credit for payment and is urging delivery.
Cafe preparing for export at the beginning of the year photo: U.P
“These are the contracts we signed at the end of 2023 and the beginning of 2024, then exported immediately after Tet holiday. At present, workers are returning to the factory and working hard to complete orders to meet delivery schedules. This year, Meet More will focus on the Chinese market. The positive signals at the beginning of the year are the motivation for the company’s spirit and determination for a successful business year,” Luan shared.
On the first night of the year, Cat Lai port welcomed 7 container ships with a total loading and unloading volume of about 7,500 TEUs (equivalent to 105,000 tons of goods). According to Major General Ngo Minh Thuan, General Director of Saigon Newport Corporation, in the first week of the Buffalo year 2024, the port received 75 container ships with a total volume through the port of 72,000 TEUs, equivalent to over 1 million tons of goods (an increase of 9% compared to the same period in 2023).
V.N.F Garment Joint Stock Company (Binh Tan District, Ho Chi Minh City) has full orders for export until the end of the second quarter of 2024. More than 80% of the workers have returned to the factory. The company is also completing the final stages of processing the batches of products for American partners. Although the orders are flourishing, the company representative is also concerned about the tense situation in the Red Sea, which is causing an increase in shipping costs to the US, making it difficult for the company to export to this market. Although currently some companies are shipping goods on an FOB basis (the seller is not responsible for the goods once they are delivered to the ship on time and at the location specified in the contract), they have not directly affected by the increase in sea freight rates. However, in the long term, if the situation in the Red Sea does not improve, the impact will be inevitable.
Promoting import and export through Nghi Son Port
The Nghi Son Border Customs Bureau (Thanh Hoa) said that during the Tet holiday, 8 ships left the port, and 8 ships entered the port to carry out import and export procedures through Nghi Son Port. The total amount of goods imported and exported through Nghi Son Port in the 7-day Tet holiday reached nearly 106,000 tons, with a value of 4.76 million USD. The amount of tax revenue paid to the state budget reached more than 803 million VND. In 2023, the volume of goods through Nghi Son Port reached 45.8 million tons, approximately equal to the set plan. In 2024, Nghi Son Port strives for the volume of goods through the port to reach 46 million tons.
Hoang Lam
