Saigon Newport Holding Co: Cooperation for Mutual Success

Saigon Newport Holding Company is operating in a wide range of fields such as military and civil construction in mainland and on island, mechanical technical services, real estate, and finance. Port operation and logistics service are its core business.

In spite of incurring negative impacts of economic slumps in Ho Chi Minh City (import and export throughput was down 28 percent and container output slid 16.27 percent), business results in the first half of 2009 exceeded the initial forecasts thanks to flexible and suitable policies and consistent measures to improve the service quality. Basic criteria increased steadily from the corresponding periods in 2008. Cargo throughput reached 1.1 million TEUS, up 8.3 percent, or 15 million tonnes, revenues increased 7.2 percent, profit rose 35.2 percent, and tax payment climbed 29.8 percent. Its import – export container handling market share accounts 79.4 percent in the Ho Chi Minh City region (up 12.79 percent from 2008) and takes up nearly 50 percent of the country’s market share. Besides, the company also invested over VND600 billion to build its key projects and purchase equipment to expand activities. The company set up New Port Pilot Co., Ltd to guide ships in and out Cat Lai and Cai Mep successfully.

On June 3, 2009, the first phase of Tan Cang Cai Mep deepwater port started operating and served the first and biggest container vessel, MOL Premium of Japan, which is 294 metres long, has a loading capacity of 6,350 TEUs) and has a deadweight tonnage of 75,000 DWT. The ship carried goods from Vietnam to western coast of the US with the shortest journey. This opened a new chapter and laid the foundation for the development of transhipment ports in Vietnam. On August 6, 2009, Saigon Newport inaugurated the TC-Long Binh ICD (covering 80 ha out of 230 ha in total), the largest inland clearance depot in Dong Nai province. The presence of this facility will facilitate importing and exporting activities and efficiently serves Cat Lai and Cai Mep ports.

Tan Cang Company is advancing its port construction to start operating the second phase from October 2010. With its own capital to build a complete infrastructure system (600 metres of piers, 40 ha of yards, offices and supporting facilities), the company leased its infrastructure to three world-leading shipping firms, namely Hanjin of South Korea, MOL of Japan and WanHai of Taiwan. This port can handle 1.5 million TEUs and 20 million tonnes of cargo a year.

Cai Mep Port can handle ships of 110,000 tonnes, becoming the first port in Vietnam to serve such a large capacity. Moreover, the presence of world-leading joint ventures will ensure professionalism and stable source of goods for the port.

Tan Cang also operates in other fields like construction, mechanical technical services (repairing and installing port equipment), real estate, etc. Notable projects invested by Tan Cang include the 38 ha Tan Cang zone (maritime trade promotion centre, international conference and exhibition centre, office for lease, hotels, and high-end apartments for lease, etc), the 50 ha Bai Khem resort (Phu Quoc Island, Kien Giang province), Cam Ranh (Khanh Hoa province). Especially, TC – Long Binh ICD in Bien Hoa city, Dong Nai province can be expanded to 300 ha from the current 230 ha to add packaging centre, distribution centre, training centre, offices for lease and other facilities.

The results, first and foremost, come from the policy of “Going with customers for shared success.”

Cat Lai Port has applied IT to its management activities while building and executing solutions packages to upgrade the customer service quality. At present, the company’s services are on a par with modern international container ports in the region. The company will maintain its leading prestige and position in the country’s port system and implemented its policies in line with the slogan “Come to Saigon Newport, Come to the best quality services.”

Posted by VBN on Nov 25 2009. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry