Shipping firms still lag behind in domestic transport marketVietNamNet Bridge - Half a decade has elapsed since the Ministry of Transport (MOT) opened up the domestic transport market, worth $50 million a year, to only Vietnamese enterprises. Shipping agents are still facing difficultiesIn early 2014, the average freight Vietnamese shipping firms offered to goods owners was VND5.2 million per 20-feet container for the north-south route, equal to freight foreign firms collected from goods owners in 2012. RELATED NEWSIn an effort to help Vietnamese container shipping firms overcome difficulties in the period after the 2008 financial crisis, MOT in 2013 stopped granting licenses to ships with foreign flags to carry containers on domestic routes.The move was very helpful. In 2012, the Vietnamese fleet held 58 percent of domestic market share. Vinamarine pointed out that the unhealthy competition in transportation fees is causing adverse effects to the business environment.Meanwhile, shipping firms still struggle to survive.Hung Dao Container (HDO), which specialized in making containers and semi-trailers, jumped into the domestic transportation market in 2012.

Source: VietNamNet News December 27, 2017 05:03 UTC