Cooperation between Saigon Newport Corporation and Petrovietnam Fertilizer and Chemicals Corporation in Cai Cui Terminal
On 12th December 2015, at Saigon Newport Headquarter, Saigon Newport Corporation (SNP) and Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo) held a signing ceremony of infrastructure leasing. SNP will use infrastructure of Cai Cui Terminal for port operation and logistics business.
SNP and PVFCCo's board of management
(From the left: Mr. Cao Hoài Dương - President of PVFCCo, Mr. Le Cu Tan - Chairman of PVFCCo, Read Admiral Nguyen Dang Nghiem - President of SNP, Colonel Ngo Quang Chung - Vice president of PVFCCo)
According to the contract, SNP will rent part of infrastructure of Cai Cui Terminal (at Tan Phu ward, Cai Rang district, Can Tho city), including CY and warehouses, and invest in building connecting road (between Cai Cui Terminal and Quang Trung street for port operation), invest in equipment and CY… for port operation and logistics services.
Speaking at the ceremony, Rear Admiral Nguyen Dang Nghiem – President of SNP – expressed his joy about the cooperation between SNP and PVFCCo in the 71st ceremony of Vietnam’s People Army (22/12/1944-22/12/2015) and 26th anniversary of National Defense Day. He congratulated PVFCCo on its business achievement and shared some of SNP’s business highlights in 2015. In 2015, SNP continues to archive 19% increase of revenue, and have the highest market share of 85% in the South area and 50% nationwide. He insisted that this cooperation is the base for further collaboration; this is not only the cooperation for business benefits but also brand name cooperation. He said that the cooperation will create business culture values. This is the chance for both companies to exchange business ideas and gain more success. He believed that when a company sets its business based on its core values, that is the best way to do business.
Rear Admiral Nguyen Dang Nghiem - President of SNP - speaking at the ceremony
Mr. Cao Hoai Duong – President of PVFCCo – insisted that the cooperation between SNP and PVFCCo has important meaning. In 2015, PVFCCo archived outstanding growth of 16%. He believed that SNP will effectively exploit Cai Cui Terminal, contributing to economic development of Can Tho and the Mekong Delta, and from this cooperation, the 2 companies will have more collaboration and support.
Mr. Cao Hoai Duong - President of PVFCCo - speaking at the ceremony
With strategies to expand capacity and explore new market at focal economic areas, in recent years, SNP has employed synchronized solutions to develop, manage, exploit port and logistics network in the Mekong Delta, especially in Can Tho City – the center of Mekong Delta. In the development of its supply chain connecting the Mekong Delta and Hochiminh City via barges, together with SNP’s premises (including Tan Cang – My Tho, Tan Cang – Sa Dec, Tan Cang – Cao Lanh, Tan Cang – Thot Not, My Thoi Terminal and Tra Noc Terminal), Cai Cui Terminal is considered the center point to boost socio-economic of the region.
The leasing of infrastructure of Cai Cui Terminal is one important event marking SNP’s strategic step in the infrastructure development to meet increasing demand when Vietnam and Southeastern countries become common economic community (ASEAN economic community-AEC) in late 2015, when the Trans-Pacific partnership (TPP) was signed, foreign investors will expand production in IPs and new investors will invest more in Vietnam, Vietnamese exported goods will increase tremendously.