The World Bank and Standard & Poor's Market Research have recently released the Container Port Performance Index (CPPI) for the year 2022, evaluating the operational efficiency of 348 container ports and data from the world's top 10 largest container shipping lines.
The CPPI is an index that measures the total time a vessel spends at a seaport, including the time it takes for the vessel to enter the port from the channel, the time it stays at the port for container handling, as well as the time it departs from the port to continue its journey. The efficient operation of a port reflects the capabilities not only of port operators and shipping lines but also the coordination capability of the Port Authority and other relevant agencies to ensure smooth and stable port operations throughout the year. According to the World Bank, seaports, as the most crucial link in the transportation and supply chain, operate efficiently will enhance the efficiency of other links such as road and waterway transportation as well as the import-export activities of a country, considering that over 60% of the value and 35% of the total volume of global trade are carried out by container transport.
Therefore, this is the third consecutive time that the World Bank, starting from 2020, together with the S&P Global Market Research, have released the CPPI to help not only port operators and shipping lines but also government agencies manage the maritime and port sector, logistics service companies and economic institutions to assess and issue policies that improve the economic activities related to maritime transport, ports, and logistics.
A notable highlight of the CPPI 2022 is that the Cai Mep port cluster maintained a high ranking, ranking 12th compared to the 11th position (based on the administrative approach) or the 13th position (based on the purely statistical approach) in 2021.
Acknowledging and evaluating this results, Deputy Minister of Transport, Mr. Nguyen Xuan Sang, expressed his delight with the Cai Mep port community and emphasized, "A special-class regional transshipment-gateway port like Cai Mep secures the prestigious 12th position among the top 15 ports worldwide, alongside big gateway and transshipment ports. This is good news not only for Cai Mep and the maritime industry but also for Vietnam because Cai Mep’s role as a gateway port is particularly crucial for an export-oriented economy like Vietnam. This also reflects the effectiveness, timeliness, and appropriateness of the government's and the Ministry of Transport's policies for Cai Mep in the past. The Ministry of Transport will continue to invest in infrastructure for Cai Mep and study additional policies to further develop Cai Mep as a gateway port and transshipment center for the Vietnam Southeast region, in line with the directive of the Politburo’s Resolution 24."