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Update news shipping industry
Falling freight rates are a bane for global carriers, but a boon for Vietnamese agricultural exporters, who had their profits eroded by high freight rates in the early months of 2022.
The high container shipping cost has caused difficulties for import/export companies. They believe that shipping firms joined hands to push service fees up.
The domestic shipping industry needs support from the State to develop Viet Nam’s fleet of cargo ships, according to the Ministry of Transport.
Vietnam’s ports and shipping industry is more than sufficient to meet the country’s demand in import-export activities.
VietNamNet Bridge – A revised law allowing the import of used ships has inspired spirited debate amongst authorities and experts. While some believe the law will boost the profitable shipping industry,
VietNamNet Bridge – Most Vietnamese ship-owners lack capital to operate and are currently in the red,
Overseas remittances continue to increase; Australia business guide released; Housing sector targets middle class; German firms to explore VN market; Construction starts on $575m aluminium plant; Labor export sets new record
VietNamNet Bridge – Imbalance in the structure of ship categories was a major difficulty for Viet Nam's sea transport industry,
VietNamNet Bridge – The local economy has yet to see signs of recovery as listed enterprises in various sectors continued to report disappointing business results in the first quarter of this year.