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Sunday, February 25, 2024

Huge batch of electronic components exported on Lunar New Year’s Eve

The Saigon Times

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HCMC – Vietnam shipped a batch of more than 105,000 tons of electronic components on Lunar New Year’s Eve (February 9), local media reported.

These goods, the first of their type being shipped abroad in the lunar new year, were loaded on seven vessels that set sail from HCMC’s Cat Lai Port of Saigon Newport Corporation. Their destinations include Kaohsiung (Taiwan), Osaka, Kobe, and Hakata (Japan), as well as Shanghai and Hong Kong (China).

Electronic components remained a key export item in 2023, contributing US$42 billion to the nation’s total export value.

At an event held in Cat Lai Port on the same day to mark the export, Phan Van Mai, chairman of the HCMC People’s Committee, said that HCMC’s economy expanded 5.81% in 2023. While the overall economy remained subdued, resilient companies like Saigon Newport Corporation played a crucial role in the city’s economic growth. It generated a staggering VND71 trillion in tax revenue from import and export activities through Cat Lai Port, accounting for 16% of the city’s total budget revenue.

Ngo Minh Thuan, general director of Saigon Newport Corporation, said each production shift at the port has over 1,100 employees to accommodate the workload throughout the Lunar New Year, or Tet holiday.

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