The government should prevent foreign shipping lines from imposing unreasonable surcharges on Vietnamese traders, according to Khuat Van Lieu of the Vietnam Shippers' Council. Foreign lines have capitalized on the country's under-developed transportation industry by imposing a … [Read more...] about Domestic shipping lines struggle amid fewer orders, intensive competition
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Shipping analyst raises growth forecast to 6%
HA NOI — Based on its analysis of the shipping industry, Business Monitor International has boosted its economic growth forecast for Viet Nam this year from 4.4 per cent to 6 per cent and is predicting an annual average growth of 6.2 per cent over the next five years. In … [Read more...] about Shipping analyst raises growth forecast to 6%
Government approves proposals for international seaports
Deputy Prime Minister Hoang Trung Hai has recently approved proposals from relevant authorities and investors related to speeding up the rate of building international seaports. A view of coast of Van Phong Bay (Photo by Lao Dong Online) To speed up the building of the … [Read more...] about Government approves proposals for international seaports
Long-term Strategy, Right Investment Needed to Increase Shipping Market Share
With a coastline of more than 3,260 km, Vietnam has huge potential for shipping development and this field has achieved important results in the past time. However, shipping is forecast to confront numerous challenges in 2012 because of the economic slowdown. "To overcome … [Read more...] about Long-term Strategy, Right Investment Needed to Increase Shipping Market Share
Vietnam Lacking Container Ports
Since 1995, the container cargo output via Vietnamese ports has increased 19 per cent a year and is the fastest-growing and most important segment toward the development of the Vietnamese port system. However, the cargo output increase is not in direct proportion to the … [Read more...] about Vietnam Lacking Container Ports