HANOI: The domestic maritime sector experienced significant growth last year, with port enterprises reporting substantial profits.
According to the Vietnam Maritime Administration, the total cargo volume through the nation's port system reached approximately 864.4 million tonnes, up 14 per cent year-on-year.
Container throughput was estimated at 29.9 million TEUs, reflecting a 21 per cent rise.
Hai Phong Port reported a cargo throughput of nearly 40 million tonnes in 2024.
The company attributed this profit growth to compensation received from Hai Phong City for land reclamation related to the Nguyen Trai Bridge construction and urban renovation projects in May To ward, Ngo Quyen District.
Looking ahead, Hai Phong Port plans to start operations of phase 1 of berth 3 at Lach Huyen in the first quarter of 2025, which is anticipated to further bolster business development.
Similarly, Dinh Vu Port Investment and Development JSC reported net revenue from sales and services exceeding VNĐ694.3 billion in 2024.
The company's profit after tax for the year reached VNĐ336.2 billion, a slight increase from the previous year. In Q4 2024, Dinh Vu Port achieved a profit after tax of VND61.8 billion, up 8.9 per cent year-on-year.
In the central region, Danang Port JSC also experienced a prosperous year. The company announced revenue exceeding VND1.4 trillion in 2024, up 17.5 per cent over 2023.
Focusing on port-centric operations, Vietnam Maritime Corporation (VIMC) celebrated a profitable year in 2024.
VIMC's port system handled a volume of goods totalling 145 million tonnes, reflecting a 126 per cent increase over 2023. Specifically, the container volume surged to 6.2 million TEUs, up by 127 per cent from the previous year.
Its port volume growth outpaced the national average, attributed to the robust and cohesive strategies implemented to sustain and expand market presence.
The company's total revenue for the year amounted to over VND24.8 trillion, with a total profit of VND4.94 trillion.
The consistent profitability of these port enterprises underscores the robust growth of Vietnam's maritime industry in 2024. Strategic investments and expansions are expected to further enhance the sector's performance moving forward. — Vietnam News/ANN
