Technical Report No. 8 PORT AND SHIPPING

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Figure 4.3.1 Overall Framework of the DSMP 1 % Guarantee Fee 4 % FX Reserve Cover Fee (DSMP I) 6 % FX Reserve Cover Fee (DSMPII) Participating Financial Institutions (PFIs) WHOLESALE LENDING END USER (Maritime Enterprises) ♦ Domestic Shipping ♦ Shipbuilding and Repair ♦ Port Facility Excluding Construction of Wharf ♦ Developmental Projects in Rural Areas ♦ Construction or Rehabilitation of Wharf ♦ Maritime Education and Training Institutes 3) Investment Priorities Plan EQUITY INVESTMENT LEASE-PURCHASE BOND ISSUE I-4-5 Vietnam National Transport Strategy Study (VITRANSS) Technical Report No. 8 Shipping and Ports Japan Bank for International Cooperation (JBIC) DSMP Phase Y15 Billion (TTA Y160MM) Interest Rate 3.00 % DSMP Phase Y20 Billion (TTA Y470MM) Interest Rate 2.70 % (Loan) 0.75 % (TTA ) Development Bank of the Philippines (DBP) RETAIL LENDING INTEREST RATE TO END USER Phase I ♦ WAIR – 2 % but not less than 12 % Fixed ♦ WAIR – 2 % but not less than 12 % Variable (for OIP) Phase II ♦ 14 % for Developmental Projects ♦ 16 % for Other Projects Under the Omnibus Investment Code of 1987 (Presidential Decree No, 266), capital equipment is imposed a 10% import duty and a 10% value-added tax (Expanded VAT Law – Republic Act No. 7716).
I-4-6 Vietnam National Transport Strategy Study (VITRANSS) Technical Report No. 8 Shipping and Ports Since 1987, however, the shipping industry has been exempted from import duties and VAT through its inclusion in the IPP, which is issued annually. Under the 1998 IPP, the interisland shipping industry was included again (with modernization program) and as a priority investment area, covering purely cargo or passenger and passenger-cargo vessel operations. For accredited shipping companies, this means the imposition of a 3% import duty instead of the regular 20% on imported capital equipment and its accompanying spare parts. Accredited/registered firms are also exempt from paying income taxes from 3-6 years, depending on the status of the project. But both international and domestic shipping companies have to pay 10% VAT on their gross receipts. 4) Tax on seafarers The Tax Reform Act of 1997, Section 24-(A) (1) (a), considers only as taxable the income derived by Philippine seafarers within the country. Philippine seafarers who receive compensation for services rendered abroad as crewmembers of a vessel engaged exclusively in international trade are exempt from paying individual income tax. 4.1.4 Japanese Experience on Joint Vessel Ownership Of the various governmental assistance given to the shipping industry in Japan, the most noteworthy is the assistance provided through the Corporation for Advanced Transport and Technology (CATT), formerly known as the Maritime Credit Corporation. The basic objective of the CATT is centered on the “contribution to the provision of adequate and smooth shipping and port transport”. Although the statement is simple and abstract, it aims to promote social stability and economic growth. CATT Profile and Scale Established : June 1959 as the Maritime Credit Corporation and changed to the Corporation for Advanced Transport and Technology in October 1997 Capital : Yen 14.9 billion (as of 31March 1999, government-financed) Staff : 132 Operational budget: Yen 1,245.5 billion (for 1997 fiscal year) Operating capital : Procured through government loans and privately accepted bonds To meet its objective, the CATT has two conditions: 1) Its assistance will be limited to domestic operators who find it difficult obtaining adequate financing, at the same time can their project’s assure financial viability, and
Page 1 and 2: Japan International Cooperation Age
Page 3 and 4: PART I: SHIPPING Technical Report N
Page 5 and 6: Glossary ADB Asian Development Bank
Page 7 and 8: Part I SHIPPING
Page 9 and 10: I-2-1 Vietnam National Transport St
Page 11 and 12: 2.2 Ongoing and Committed Projects
Page 15 and 16: 3 CURRENT SITUATION 3.1 Administrat
Page 19 and 20: 3.2 Industrial Framework Vietnam Na
Page 23 and 24: Table 3.2.1 continued I-3-9 Vietnam
Page 25 and 26: I-3-11 Vietnam National Transport S
Page 27 and 28: Owner Type 10000 ALL DWT % State 9
Page 39 and 40: 3.4 Safety Enhancement and Environm
Page 41 and 42: Recent Undertakings Box 3.4.1 Port
Page 43 and 44: I-3-29 Table 3.4.4 Accession Status
Page 45 and 46: VM Petroleum Standing Committee Fig
Page 49: I-4-4 Vietnam National Transport St
Page 53 and 54: Passenger Ship Cargo Ship (3) Chart
Page 55 and 56: Introduction I-4-10 Vietnam Nationa
Page 57 and 58: Figure 4.2.1 Historical Scale-up of
Page 63 and 64: 5 SHIPPING DEVELOPMENT STRATEGIES 5
Page 71 and 72: Table 5.3.2 Fleet Development plan
Page 75 and 76: 1 INTRODUCTION II-1-1 Vietnam Natio
Page 77 and 78: 3) Coastal Shipping (JICA), March 1
Page 79 and 80: 6) HCMC (United Kingdom), January 1
Page 81 and 82: 2.3 Government Plan and Policy Deve
Page 83 and 84: 3 CURRENT SITUATION 3.1 Port Admini
Page 85 and 86: II-3-3 Vietnam National Transport S
Page 87 and 88: Figure 3.2.1 Ports in Vietnam II-3-
Page 89 and 90: Box 3.3.1 Required Water Depth as F
Page 91 and 92: Source: VINAMARINE Annual Report in
Page 93 and 94: ton ton ton ton II-3-11 Vietnam Nat
Page 95 and 96: 3.5 Finance and Management Role of
Page 97 and 98: Table3.5.2 Estimated Capital Invest
Page 99 and 100: 4 DISCUSSIONS ON KEY PLANNING ISSUE
Page 101 and 102:
4.2 Future Development Requirements
Page 103 and 104:
(3) Empty Container Ratio II-4-5 Vi
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Table 4.2.7 Port Capacity by Cargo
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II-4-9 Figure 4.3.1 Location of Hai
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4.4 Other Key Issues 1) Port Hierar
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II-4-13 Vietnam National Transport
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Table 4.4.4 Weekly Loading Plan for
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5 PROPOSED PORT DEVELOPMENT (2001-2
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Table 5.1.4 Port Hinterland by Prov
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Table 5.1.9 Port Traffic in Souther
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Table 5.2.5 Required Capacity up to
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5.3 Identified Projects for the Mas
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(6) Nha Trang Port Development II-5
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(2) Ho Chi Minh City General Ports
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Figure 5.3.1 Development Plan of Ca
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Dung Quat Figure 5.3.5 Development
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Figure 5.3.9 Development Plan of Po
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Page 139 and 140:
The tentative investment schedule i
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APPENDIX A DETAILED PORT DEVELOPMEN
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(Table A.1 continued) No. Name Pres
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(Table A.1continued) Present status
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Table A.2 Investment Capital for Po
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Table B.2 Intra-Asia Container Port
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Table B.4 Multipurpose Wharf for Co
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Notes: Planning base year is 2020.
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Technical Report No. 8 PORT AND SHIPPING

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