Department of Transport proposes to reduce 50% of seaport infrastructure fees for goods transported by waterway; the same level of revenue for enterprises in the city and localities.

The proposal is mentioned in the dispatch of the Department of Transport to the People’s Committee of Ho Chi Minh City, to submit to the City Council to adjust some seaport infrastructure fees in the area, after two months of implementation. The move comes after Deputy Prime Minister Le Minh Khai worked with the city and relevant ministries.

The 50% reduction in fees for import and export goods carried by waterway is aimed at encouraging businesses to reduce road use, contributing to limiting congestion and accidents. Currently, the transportation of goods by waterway is assessed as low cost, each time carrying a lot, but the market share is only about 20%, the rest is mainly via road to the ports.

Loading and unloading, transporting goods at Cat Lai port, Ho Chi Minh City. Photo: Thanh Nguyen

In addition, the Department of Transport proposed the city consider reducing the amount of revenue for businesses in the provinces equal to organizations and individuals in the city. This is also to support businesses to recover production and business after the epidemic.

Previously, due to the volume of goods passing through Ho Chi Minh City’s seaport, 60% came from other localities, so the city charged a higher fee for imported and exported goods to open declarations from other provinces. The purpose is to regulate goods through other seaports in Dong Nai, Binh Duong, Long An… However, after more than two months of collecting fees, other provincial enterprises still choose seaports in Ho Chi Minh City to import and export goods. chemical.

Ho Chi Minh City collects port infrastructure fees from the beginning of April, after two delays of the plan. The fee collection process is implemented electronically, not using cash. However, after the implementation period, many businesses and associations reacted because they thought that there was discrimination, this fee added a burden to them, especially after the pandemic.

Currently, the lowest fee is 15,000 VND for each ton of goods not packed in containers (import and export goods are declared in Ho Chi Minh City); the highest is 4.4 million VND per 40-foot container (temporary import for re-export, bonded warehouse, border-gate transfer). Free cases include imported goods serving security, national defense, social security, overcoming natural disasters, disasters and epidemics.

By 2025, the port infrastructure fee is expected to reach VND 16,000 billion. After deducting a part to the toll collector, the entire revenue will be invested in works around the port. This is part of a plan to supplement investment in routes connecting ports that have been delayed for many years due to lack of resources.

The Ministry of Industry and Trade forecasts that import-export turnover may reach a record of $600 billion and the trade balance will be balanced by the end of this year.

According to data from the Import-Export Department (Ministry of Industry and Trade), in the first half of October, the country’s total import-export turnover reached more than $26 billion. In which, export reached 13.16 billion USD, import reached approximately 13 billion USD.

Accumulated from the beginning of the year to October 15, the import-export turnover of the whole country has reached more than 510 billion USD. In which, export reached 254 billion USD, import reached 256.5 billion USD. The trade balance is still in deficit of $2.45 billion.

According to the Ministry of Industry and Trade, the monthly trade balance has gradually turned to a trade deficit since the beginning of the second quarter. Up to now, the trade deficit has decreased gradually, the trade balance in August has a trade deficit of 100 million USD.

The ministry said that the trade balance will depend on the results of epidemic prevention and control. The reduction of the trade balance deficit depends on the results of production recovery, export promotion, and difficulties in goods production and circulation.

Previously, at the regular press conference of the Ministry of Industry and Trade in the third quarter of September 30, Deputy Minister of Industry and Trade Do Thang Hai informed that the Ministry is trying to support businesses to make good use of free trade agreements (FTAs). ) and implemented many administrative reforms to increase export turnover. This year, the Government assigned export growth at 4-5%, but the Ministry of Industry and Trade forecasts the possibility that export turnover may increase by over 10%.

This goal according to the Ministry of Industry and Trade is reasonable when a number of large export projects have been implemented recently. For example, LG Display Vietnam Hai Phong Company has increased its capital by 1.4 billion USD, bringing the total investment capital in Hai Phong to 4.65 billion USD, becoming the project with the largest investment capital in Hai Phong.

Regarding the trade balance, the Ministry of Industry and Trade forecasts that, if there is no major change in the epidemic, the last 3 months of the year will be the time when businesses in the southern provinces will regain their growth momentum. At the end of the year, the trade balance will be in balance. If the situation is more favorable, this year the whole country may have a trade surplus.