A picture of Vietnamese ocean shipping and policy for development
- Author Phuoc Quy Phong Nguyen
- Co-Author Manh Hung Nguyen
- DOI
- Country : Vietnam
- Subject : Transport
Keywords : ocean shipping, maritime, characteristics, advantages, limitations
Abstract
According to the Vietnam Seaport Association, the growth rate of cargo and especially container shipping by sea is growing at an extremely high rate of over 20% per year in the period of 2001-2008. However, the distribution of goods transported through the system of ports is uneven, concentrated mainly in the areas of Hai Phong, Quang Ninh and Ho Chi Minh City. Meanwhile, ports in other regions are operating below capacity due to the lack of loading and unloading cargo. In addition, the speed of upgrading and building new ports does not keep up with the speed of cargo development, leading to serious overload for seaports. According to a report of the Vietnam Maritime Administration, in the past time, the shipping industry has maintained a good growth momentum, the volume of goods through seaports transported by Vietnam fleet reached more than 81 million tons, up 16% compared to the same period of 2018. In particular, the volume of containerized cargo through the port of Vietnam's shipping fleet reached 1.2 million Teus, an increase of 5% over the same period last year. For international shipping, currently transporting about 7% market share and mainly transporting routes such as China, Japan, Korea and Southeast Asia. The Vietnamese container fleet operates mainly on short routes in Southeast Asia and Northeast Asia, with a number of bulk carriers transporting goods on European routes.
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