Saigon Newport Corporation's officers welcoming Senior Lieutenant General Nguyen Tan Cuong

Reports revealed that the Saigon Newport Corporation has effectively carried out the defense and security consolidation in combination with socio-economic development. The unit has always fulfilled production and trade missions excellently and obtained sustainable achievements in port operations, logistics services, and marine economy while effectively carrying out military and defense mission. So far, the military business has invested in building a synchronous and modern infrastructure system in all three regions of the country and at key areas holding a strategic position both in terms of defense and security and economy.

The Saigon Newport Corporation has been listed in the world’s top 19 container terminal operators in terms of throughput and held the No.1 position in Vietnam in terms of port operations. The unit is currently undertaking port services for over 55% of the market share of import and export containers through seaports nationwide.

Every year, Saigon Newport contributes 37% of total import and export revenue, 8% of total state budget, and about 20% of Ho Chi Minh City’s budget. It is voted to be in the group of 8 large-scale state-owned enterprises paving the way for the country's economy.

At the working session with the Saigon Newport Corporation’s leaders

Concluding the working session with the Saigon Newport Corporation’s leaders, Senior Lieutenant General Nguyen Tan Cuong emphasized that with a system of port facilities stretching from North to South, the business is one of the country's defense enterprises with sustainable development. The chief of the General Staff requested the unit to closely combine economic development with defense and security consolidation, continue to expand investment in technology, infrastructure, and modern equipment and improve competitiveness and effectiveness of production and trade activities in accordance with the law and the Ministry of National Defense’s regulations.

Translated by Tran Hoai