The revenue from exploitation and services in the first 5 months of 2020 of Quy Nhon Port is estimated at VND 350 billion, up 6% over the same period in 2019, reaching 41% compared to the plan in 2020. Profit before tax of 5 months is estimated to reach 57 billion, up 7% over the same period in 2019, reaching 40% compared to the plan in 2020.
Due to the impact of COVID-19 epidemic, the structure of goods items, sources of goods and the time of import and export of goods in Quy Nhon Port have been drastically changed over the same period last year.
Specifically, for non-containerized goods, cassava starch goods were only exported to China, but in the first 4 months of this year, this product could not be exported, factories had to restrict or stop production because of over inventories. much. This led to a sharp decline in raw material prices (cassava chips). However, because Chinese traders increased buying this item, so in the first 5 months of 2020, the output of this item increased 3 times over the same period and nearly 6 times higher than the plan.
Along with that, the demand for paper use of European and American countries increased, so the demand for importing raw materials (wood chips) for Chinese and Japanese production increased significantly. Commodities for animal feed also increased by 64% over the same period last year due to the need to export cattle and poultry meat to the Chinese market, so farms boosted the re-herding of cattle.
Due to the impact of epidemics, wind power equipment products of Binh Dinh, Phu Yen and Gia Lai projects are likely to delay until the end of 2020 or to early 2021. In addition, other items such as wood pellets, rolled steel sheets , granite … grow as planned from the beginning of the year.
For container cargo, the output of the first quarter of 2020 reached 40,329 TEUs (excluding the volume of island turning), increasing by nearly 20% over the same period in 2019 and up nearly 7% compared to the distribution plan for the first quarter. / 2020 (whole year plan of 165,000 TEUs).
Since April 2020, due to the outbreak of COVID-19 in the US and Europe, it has led to the ability to receive goods from customers in this market, especially for exported wood products (main product, accounting for 73 % in the structure of import and export commodities through the port), there is a significant decline. In April, containerized cargo decreased by 15% compared to the distribution plan, but still remained at the same level as compared to April 2019.
In May, the export volume of goods reached 15,051 TEUs, an increase of 38% over the same period in 2019, exceeding the distribution plan by 16%. However, in the case of containerized cargo volume alone, output reached nearly 9,000 TEUs, an increase of 12.5% compared to May 2019.
Regarding market development in the first 5 months of 2020, Mr. Phan Tuan Linh, General Director of Quy Nhon Port, said that the port has focused on attracting sources of aviation heavily affected by COVID-19 such as grantie stones, eat domestic cattle, wood pellets exported to Japan, Korea, cassava chips / starch exported to Korea, China, wood chips exported to China, Japan, rolled steel, fertilizer imported. … At the same time the port supports customers to connect resources, logistics services to maximize the conditions to export goods.
In addition, Quy Nhon Port has carried out searching and attracting new customers such as Quang Ngai Sugar, KCP Sugar, agricultural products of Hoang Anh Gia Lai, cattle (live cattle) of Dien Hong Gia Lai, Thadi returning to work at the port; change mode of transport from voyage to container for cargo of Dam Phu My; focus human resources on researching and developing market strategies in the South Central, Central Highlands, Southern Laos and Northeastern Cambodia for this year and subsequent years.
