Hai Phong Port Credit Alex Dao.
Vietnam has joined its neighbour, Thailand, in announcing plans to expand its container shipping fleet.
The Vietnam Logistics Business Association (VLBA) said last week that, over the next five years with a $1.5bn budget, it will build box ships, buy second-hand tonnage or lease vessels.
It expects them to be deployed on routes connecting Vietnam with China, South Korea, Japan, Malaysia, Singapore, India and the Persian Gulf.
Currently, there are ten Vietnamese companies active in container shipping, with a total fleet capacity of 39,519 teu.
The association pointed out that, while Vietnam handled 24 million teu of imports and exports last year, only 7% was carried by local liner operators, due to…
