Vietnam moves to develop merchant cargo fleet

  • Handling goods at Binh Duong port in southern Binh Duong province. VNA Photo: Hồng Đạt
    Handling goods at Binh Duong port in southern Binh Duong province. VNA Photo: Hồng Đạt
  • Handling goods at Long Binh Tan port in southern Dong Nai province. VNA Photo: Hồng Đạt
    Handling goods at Long Binh Tan port in southern Dong Nai province. VNA Photo: Hồng Đạt
The Ministry of Transport recently approved a project on Vietnamese merchant fleet development, aiming to handle as much as 10% of the country's exports by 2026, and 20% by 2030, given the current market domination by foreign shipping lines. A 2021 report by the Vietnam Maritime Administration (VinaMarine) showed that the volume of goods through Vietnam's seaports has grown steadily for many years with an average rate of 13.8%. Despite the negative impact of the COVID-19 pandemic, in 2021, it increased 2% year on year, reaching more than 703 million tonnes. The volume of container cargo was estimated at nearly 24 million TEU, up 6% year-on-year. VNA Photo: Hồng Đạt

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