Cargo throughput via seaports sees slight rise in July

Illustrative image (Photo: VNA)

Cargo throughput via seaports across the country hit 62.9 million tonnes in July this year, up 2% year-on-year, according to the Vietnam Maritime Administration.

Container throughput increased 1% to 2.2 million TEUs during the period.

Notably, the volume of imports and exports tends to increase, but domestic container goods has decreased slightly.

Economists said that the growth of goods throughput at seaports is still low and has not regained the recovery momentum to the level before the COVID-19 pandemic.

They attributed the situation to the lingering consequences of the pandemic, and the Russia – Ukraine conflict, which put pressure on the global economy.

Rising inflation amid the bleak growth prospect can have a significant impact on the global consumer demand, and goods transport, they said, noting that Vietnam, with an open economy, can hardly avoid these effects.

Trinh The Cuong, Director of the Da Nang Port Authority, said the over-20%-decrease in the volume throughput of domestic goods in the past three months shows that the goods circulation in the region have not shown signs of recovery after the pandemic.

The port and shipping industry is forecast to have a long-term rebound outlook thanks to export growth in the second half of 2022 and the whole 2023, according to the Retail Research and Investment Advisory Division at Saigon Securities Incorporation (SSI)./.