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
Listed Vietnamese companies almost not involved in 'transshipping': Dragon Capital

Listed Vietnamese companies almost not involved in 'transshipping': Dragon Capital

Only about 1.5% of the total revenue of Vietnamese companies listed on the Ho Chi Minh Stock Exchange (HoSE) comes from exports to the U.S., meaning "transshipping" is almost irrelevant, says Dragon Capital, a leading foreign-run asset management firm in Vietnam.

Economy - Sun, July 6, 2025 | 1:39 pm GMT+7

Indonesia maintains lowest debt ratio among G20 members

Indonesia maintains lowest debt ratio among G20 members

Indonesia’s external debt-to-GDP ratio stood at 30.6% in the first quarter of 2025, the lowest among the Group of Twenty (G20) comprising major developed and emerging economies, according to data from the Bank of Indonesia.

Southeast Asia - Sun, July 6, 2025 | 11:27 am GMT+7

Thailand's digital GDP expected to grow 6.2% this year

Thailand's digital GDP expected to grow 6.2% this year

The Digital Economy and Society (DES) Ministry of Thailand expects digital GDP this year to expand by 6.2% year-on-year, despite the potential impact of the U.S.'s reciprocal tariffs.

Southeast Asia - Sun, July 6, 2025 | 10:44 am GMT+7

Healthcare M&As surge in Vietnam on foreign capital inflows

Healthcare M&As surge in Vietnam on foreign capital inflows

Despite a global downturn in healthcare M&A activity, Vietnam’s market has witnessed major deals in the first half of 2025.

Finance - Sun, July 6, 2025 | 10:40 am GMT+7

Vietnam’s cement giant Vicem posts profit after 2 years of losses

Vietnam’s cement giant Vicem posts profit after 2 years of losses

After two consecutive years of losses, Vietnam Cement Industry Corporation (Vicem) has reported a consolidated after-tax profit of over VND34 billion ($1.3 million) in the first half of 2025.

Companies - Sun, July 6, 2025 | 8:00 am GMT+7

Indonesia, Saudi Arabia sign $10 bln deal on green projects

Indonesia, Saudi Arabia sign $10 bln deal on green projects

Indonesia’s sovereign wealth fund (SWF) Danantara has signed an MoU with ACWA Power, a Saudi Arabian leading green energy corporation, to explore investments in renewable energy projects with total funding estimated at up to $10 billion.

Southeast Asia - Sat, July 5, 2025 | 11:26 pm GMT+7

Thailand yet to reach tariff deal with US: official

Thailand yet to reach tariff deal with US: official

Thailand has yet to conclude negotiations with the U.S. on reciprocal tariffs but has gained “valuable insights” that will guide the development of a revised proposal, Thai Deputy Prime Minister Pichai Chunhavajira said on Friday.

Southeast Asia - Sat, July 5, 2025 | 11:24 pm GMT+7

Soilbuild International starts work on $60 mln ready-built industrial facility project in northern Vietnam

Soilbuild International starts work on $60 mln ready-built industrial facility project in northern Vietnam

Singapore-based real estate developer Soilbuild International has broken ground on a $60 million ready-built industrial facility in Vietnam’s northern province of Hung Yen.

Industrial real estate - Sat, July 5, 2025 | 11:20 pm GMT+7

Phu Quoc casino owner issues $91.67 mln bonds in capital restructuring

Phu Quoc casino owner issues $91.67 mln bonds in capital restructuring

Phu Quoc Tourism Development and Investment JSC, owner of the Corona casino on Vietnam’s resort island of Phu Quoc, has completed the issuance of VND2.4 trillion ($91.67 million) in five-year bonds as part of its capital restructuring plan.

Companies - Sat, July 5, 2025 | 5:54 pm GMT+7

SK Group pushes for potential investment in $2.2 bln LNG-fired power plant in central Vietnam

SK Group pushes for potential investment in $2.2 bln LNG-fired power plant in central Vietnam

A delegation from South Korean chaebol SK Group has held a second round of talks with Nghe An province authorities to explore investment opportunities for a $2.2 billion LNG-fuelled power plant project.

Energy - Sat, July 5, 2025 | 1:47 pm GMT+7

Vietnam GDP grows 7.52% in H1, 15-year record high

Vietnam GDP grows 7.52% in H1, 15-year record high

Vietnam's economic growth rate reached 7.52% in the first six months of the year, a record high in the period 2011-2025, the General Statistics Office reported on Saturday.

Economy - Sat, July 5, 2025 | 10:46 am GMT+7

Vietnam needs two-pronged policy approach to mitigate impact of rising oil prices: RMIT experts

Vietnam needs two-pronged policy approach to mitigate impact of rising oil prices: RMIT experts

A surge in global oil prices poses a significant threat to Vietnam’s economy and to cushion these impacts, the country needs a two-pronged policy approach, write Dr Vu Hong Nhung and Dr Phan Thanh Chung, lecturers at the economics and finance department, Business School, RMIT University Vietnam.

Consulting - Sat, July 5, 2025 | 8:54 am GMT+7

Vietnam's registered FDI tops $21 bln in H1, highest in 16 years

Vietnam's registered FDI tops $21 bln in H1, highest in 16 years

Registered foreign direct investment (FDI) in Vietnam hit over $21.51 billion in the first half of the year, up 32.6% and a record high since 2009, while disbursed capital reached $11.72 billion, up 8.1%.

Economy - Fri, July 4, 2025 | 8:50 pm GMT+7

Gemadept’s southern Vietnam port receives mega container ships

Gemadept’s southern Vietnam port receives mega container ships

Within just over two years of trial operations (from March 2023 to May 2025), Gemalink Port of Vietnamese logistics giant Gemadept in Ba Ria-Vung Tau has safely received 70 container vessels of over 200,000 DWT (up to 232,494.5 DWT) under partially loaded conditions.

Companies - Fri, July 4, 2025 | 4:54 pm GMT+7

Agro-forestry-fisheries exports near $34 bln in H1

Agro-forestry-fisheries exports near $34 bln in H1

Vietnam’s agro-forestry-fisheries exports hit $33.84 billion in the first half of 2025, marking a 15.5% increase year-on-year.

Economy - Fri, July 4, 2025 | 3:36 pm GMT+7

Malaysia’s data center operators struggle due to power cost hike

Malaysia’s data center operators struggle due to power cost hike

Malaysia’s data center sector is projected to grow at a 22% CAGR from 2023 to 2029 due to cost competitiveness, skilled workforce, and a robust digital ecosystem, according to a report by global investment bank ARC Group.

Southeast Asia - Fri, July 4, 2025 | 3:23 pm GMT+7