Operating as a joint stock company for one year, Cam Ranh Port Joint Stock Company has grown stably.
Operating as a joint stock company for one year, Cam Ranh Port Joint Stock Company has grown stably.
Overcoming difficulties
In 2015, Cam Ranh Port Joint Stock Company met a lot changes and difficulties. In the first six months, the company had to be equitized wholly. In the last time of the year, the company completed legal document, stabilized the organization and continue production and trade. Besides, the rise in transport cost influenced on the amount of cargo through the port.
According to Trinh Thi Phuc Hanh - the administrative manager of Cam Ranh Port Joint Stock Company, white sand, which had made up 1/3 of the goods through Cam Ranh Port, has stopped export since 2015. 600,000 tons of construction stone planned to be exported in 2015 was postponed because road transport cost rose as twice as 2014. Manioc export also has met difficulties as import rate on agricultural products was put up from 0% to 5% from mid 2015.
Confronting the above difficulties, Cam Ranh Port Joint Stock Company has done a lot of measures, including marketing, service expansion, customer service, production process improvement, etc. Accordingly, its production and trade had stable results: 1.55 million tons of cargo passed by the port (13.6% down over 2014), and VND109.37 billion in turnover (8.8% down over 2014).
 |
| Unloading cargo at Cam Ranh Port |
Speeding up investment
In 2015, the company invested in a domestic quay and some equipment for export worth more than VND2 billion. In addition, to raising loading, the company has called other partners to invest in scoopers, lift trucks, heavy duty trucks, etc.
According to Pham Huu Tan, the general director of Cam Ranh Port Joint Stock Company, in 2016, basing on the demands on depot lease and vehicle investment, the company is leveling an area of 10 hectares to create the ground for items of the project in the west and the second quay project. Now, VISSAI Group and Phuc Son Cement Corp have done land rent agreement with Cam Ranh Port Joint Stock Company to build up a cement packing factory and a cement distributing station.
Cam Ranh Port also has signed contract with Southern Coal Joint Stock Company about land rent to store coal for Vinh Tan Thermal Power Plant and the neighboring areas. Construction stone is also expected to be exported again.
The amount of cargo through the port is expected to be about 1.8 million in 2016 (a 14.8% rise over 2015); turnover: VND125 billion (14.3% up); profit: VND8.5 billion (37% up).
”In the first quarter of 2016, the company achieved VND23.7 billion in turnover with VND3.14 in profit. Nha Trang Port has been oriented to become a tourist port, so Cam Ranh Port has drawn more and more clients. We hope that in the time to come, the company will develop strongly, raising income for laborers, and delivering more to the local State budget”, Tan said.
Van Ky
Translated by T.T
