Vietnam Maritime Administration formulates green port criteria

By VietnamPlus/The Investor
Tue, August 16, 2022 | 4:45 pm GMT+7

The Vietnam Maritime Administration is gathering comments on a proposed set of criteria for recognising green ports.

The criteria are expected to push port-managing firms to embrace green development, improving their competitiveness and ensuring sustainability. A green assessment will be carried out every three years.

The first criterion is complying strictly with environmental regulations specified in Vietnam's legal documents and international agreements of which Vietnam is a member.

Additionally, companies must closely monitor their port construction and operation and make frequent reports on their environmental impacts. The second criterion comprises three sub-criteria with specific max points assigned to each.

Tan Cang Hiep Phuoc port in Hiep Phuoc Industrial Park, HCMC. Photo courtesy of the park

Tan Cang Hiep Phuoc port in Hiep Phuoc Industrial Park, HCMC. Photo courtesy of the park

Under the Commitment sub-criterion, port-managing firms get 0.75 points once they have a 'Strategy for Green Ports,' finance for the strategy and annual reports on its development.

Companies get an additional 0.5 points if they launch campaigns to raise awareness about green ports and promote their popularity. The maximum points for the sub-criterion are 1.25 points.

The Action sub-criterion assigns 0.375 points to firms that commit themselves to clean energy, including solar and wind energy, 0.5 points to their efficient use of power and electricity, and 0.25 points to their switch to environment-friendly materials.

Their efforts to reduce air and noise pollution and improve waste treatment will earn 0.625 points. Green management, which involves an environmental management system and an ISO-certified occupational health and safety system, brings another 0.375 points.

Their incorporation of information technology into ports' operation, including online payments, e-invoices, e-port and mobile apps, would add 0.375 points to their score. The maximum points for Action are 2.5 points.

Under the Outcome sub-criterion, port-managing firms earn a maximum of 1.25 points if their efforts at environmental protection and efficient use of energy produce exceptional outcomes.

After the green assessment, companies are classified according to their total points into bad, poor, average, good and excellent.

Those under the bad category are believed to "make no efforts to develop green ports" whereas those under the poor category "make little efforts" to do so. The average category comprises firms that "adequately engage in green ports development."

Meanwhile, the good category involves companies that "systematically promote green ports" and the excellent category involves ones that "incorporate management systems and technologies into green ports development."

Tan Cang Cat Lai is the first port in Vietnam to be recognised as a green port by the APEC Port Services Network.

The port has replaced its diesel-powered lifting equipment with electricity-powered equipment to cut fuel costs by $2 million per year.

The use of e-documents has also allowed it to cut queuing time from 13 to 6 mins for each vehicle and saved its employees dealing with around 50,000 papers per day.

The authorities expect that all ports in Vietnam will compulsorily go green from 2030.

Comments (0)
  • Read More
Vietnam's major food maker Kido delays 2024 dividend payout due to economic headwinds

Vietnam's major food maker Kido delays 2024 dividend payout due to economic headwinds

Kido Group has postponed its planned cash dividend payment for 2024, citing persistent economic difficulties and the need to preserve cash flow for operations in late 2025 and early 2026.

Companies - Tue, December 23, 2025 | 8:00 am GMT+7

Petrovietnam chairman Le Manh Hung appointed acting Industry and Trade Minister

Petrovietnam chairman Le Manh Hung appointed acting Industry and Trade Minister

Prime Minister Pham Minh Chinh has appointed Le Manh Hung, chairman of the council of members at state-owned Petrovietnam (PVN), as acting Minister of Industry and Trade.

Economy - Mon, December 22, 2025 | 9:55 pm GMT+7

Vietnam's top non-life insurer PVI surpasses $1 bln in revenue

Vietnam's top non-life insurer PVI surpasses $1 bln in revenue

PVI Insurance, a leading non-life insurer in Vietnam, has surpassed $1 billion in revenue, becoming the first non-life insurance company in the country to reach this revenue scale.

Companies - Mon, December 22, 2025 | 7:30 pm GMT+7

JC&C completes sale of 4.6% Vinamilk stake to F&N for $228 mln

JC&C completes sale of 4.6% Vinamilk stake to F&N for $228 mln

Singapore-listed Jardine Cycle & Carriage Limited (JC&C) has reportedly completed the sale of more than 96 million shares, equivalent to a 4.6% stake, in Vietnam’s dairy giant Vinamilk (HoSE: VNM).

Companies - Mon, December 22, 2025 | 6:50 pm GMT+7

Shares linked to ‘Shark Hung’ slide despite market rallies

Shares linked to ‘Shark Hung’ slide despite market rallies

Shares of Cen Land (HoSE: CRE), a major Vietnamese real estate brokerage linked to businessman Pham Thanh Hung, fell sharply on Monday, bucking a broad market rally that lifted the benchmark VN-Index to a fresh high.

Companies - Mon, December 22, 2025 | 4:17 pm GMT+7

Intel urged to expand chip packaging, testing operations in Vietnam

Intel urged to expand chip packaging, testing operations in Vietnam

Vietnam has urged Intel to step up investment in semiconductor packaging and testing operations in the country, as Hanoi accelerates efforts to build a domestic chip ecosystem aligned with global supply chains.

Investing - Mon, December 22, 2025 | 3:37 pm GMT+7

Korean energy giant LS intends to inject $19.3 mln into Vietnam rare earth business

Korean energy giant LS intends to inject $19.3 mln into Vietnam rare earth business

LS Eco Energy, a subsidiary of South Korea’s cable and energy giant LS Cable & System, has decided to invest KRW28.5 billion ($19.26 million) in advancing its rare earth metals business in Vietnam.

Industries - Mon, December 22, 2025 | 3:11 pm GMT+7

Vietnam's Petrosetco estimates 2025 net profit rises 46% to over $12 mln

Vietnam's Petrosetco estimates 2025 net profit rises 46% to over $12 mln

PetroVietnam General Services Corporation (Petrosetco) expects its net profit to reach VD322 billion ($12.23 million) in 2025, up 46% year-on-year and exceeding the company's full-year target by 32%.

Companies - Mon, December 22, 2025 | 11:50 am GMT+7

Vietnam's 13th Party Central Committee convenes 15th meeting

Vietnam's 13th Party Central Committee convenes 15th meeting

The 15th meeting of Vietnam's 13th Party Central Committee opened in Hanoi on Monday.

Politics - Mon, December 22, 2025 | 11:13 am GMT+7

Duc Giang Chemical chairman’s family loses $129 mln in a week as shares plunge

Duc Giang Chemical chairman’s family loses $129 mln in a week as shares plunge

Shares of Vietnam’s Duc Giang Chemical Group JSC (DGC) fell sharply last week (December 15-19), wiping nearly VND3.4 trillion ($129.2 million) off the stock-based wealth of the family of chairman Dao Huu Huyen.

Companies - Mon, December 22, 2025 | 6:58 am GMT+7

Vietnam launches International Financial Center, pledges 'special process' to resolve investor hurdles

Vietnam launches International Financial Center, pledges 'special process' to resolve investor hurdles

Vietnam on Sunday announced the establishment of its International Financial Center (IFC), with Prime Minister Pham Minh Chinh pledging to fast-track the resolution of investor difficulties through a “special process”.

Economy - Sun, December 21, 2025 | 9:18 pm GMT+7

The new target for VN-Index is 3,200: Finnish fund PYN Elite

The new target for VN-Index is 3,200: Finnish fund PYN Elite

The earnings growth of listed companies in Vietnam will continue to support equity prices in 2026. According to the consensus forecast, a market P/E of 10.0 for 2026 looks very attractive, writes Petri Deryng, portfolio manager at Finnish fund PYN Elite.

Consulting - Sun, December 21, 2025 | 6:33 pm GMT+7

Mastering AI key to Vietnam’s leap beyond middle-income trap: FPT chairman

Mastering AI key to Vietnam’s leap beyond middle-income trap: FPT chairman

Mastering and innovating technology is no longer optional but the sole path for Vietnam to escape the middle-income trap and rise alongside global powers, said tech giant FPT Corporation chairman Truong Gia Binh.

Economy - Sun, December 21, 2025 | 2:33 pm GMT+7

Vietnam among world’s top 15 countries by im-export value: ministry

Vietnam among world’s top 15 countries by im-export value: ministry

Vietnam’s import-export turnover is expected to reach $920 billion for the first time in 2025, placing the country among the world’s top 15 by trade value, according to the Ministry of Industry and Trade (MoIT).

Economy - Sun, December 21, 2025 | 11:07 am GMT+7

Dung Quat oil refinery operator BSR targets 187% net profit growth in 2026

Dung Quat oil refinery operator BSR targets 187% net profit growth in 2026

Binh Son Refining and Petrochemical JSC (HoSE: BSR), operator of Dung Quat - Vietnam’s first oil refinery, expects net profit to surge in 2026, supported by stable oil price assumptions and a major investment plan to expand and upgrade its core refining assets.

Companies - Sun, December 21, 2025 | 8:00 am GMT+7

Dragon Capital-managed VEIL plans trio of 10% tender offers

Dragon Capital-managed VEIL plans trio of 10% tender offers

Vietnam Enterprise Investments Limited (VEIL), the largest foreign-managed equity fund in Vietnam, has announced a tender offer for up to 10% of its issued share capital, with the option to conduct up to two additional tenders over the next year.

Finance - Sat, December 20, 2025 | 11:19 pm GMT+7