Despite strong objections among businesses, Ho Chi Minh City will start collecting infrastructure and service fees at seaports from July 2021, triggering concerns over logistics cost increases. Fresh port charges hit city's logistics- illustration photo Nguyen Tuong, deputy secretary general of the Vietnam Logistics Business Association (VLBA) said, "The fee collection is a strong blow to businesses, especially import-export and logistics ones. Despite disagreement, they can do nothing but follow it. This will increase logistics costs and reduce our competitiveness." Ho Chi Minh City People's Council on December 9 approved a resolution on collecting public infrastructure and service fees at seaports. The subjects to the fee collection include units and individuals with temporary import for re-exports, merchandise in transit, commodities in transit, goods in bonded warehouses, and those that are importers and exporters using infrastructure at seaports (see box). Fee collection will begin next July at Cat Lai Port and then at others in the city. This is expected to bring about revenues of over VND3 trillion ($130 million) to the city annually. Tran Quang Lam, director of Ho Chi Minh City Department of Transport, said that the proceeds will be used to reinvest in transport infrastructure development to ease… Read full this story
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