Ho Chi Minh City ports hike rates

Several ports in Ho Chi Minh City have increased tariffs by 10 to 15 percent.

The new rate for container transport is US$9-10 per ton while warehouse rent costs VND3000 per ton for the first 16 days and VND12000 after that.

The cost of loading frozen seafood into a 20-feet container for export has risen to $34 and to $48 for a 40-feet container.

The two biggest ports in the City, Cat Lai in District 2 and Tan Cang in Binh Thanh District, said they will switch to the new tariffs Friday while other ports are expected to follow later this month.

The ports blamed the price hikes on higher costs due to inflation and the rising global fuel prices.

Ho Chi Minh City has a total of seven ports, the others being Hiep Phuoc, Nha Rong, Tan Thuan, Ben Nghe, and Khanh Hoi in District 1, 2, 4, and Binh Thanh. – Tuoitre

Tags: Vietnam ports