Want to be in the loop?
subscribe to
our notification
Business News
VIETNAMESE VESSEL FLEET RANKS 30TH WORLDWIDE
The Vietnamese ship feet ranked fourth in ASEAN and 30th in the world, according to the United Nations Conference on Trade and Development (UNCTAD).
The Viet Nam Maritime Department reported that the Vietnamese vessel fleet transported over 81 million tons of cargos, representing a year-on-year growth of 16%.
As of this June, the Vietnamese vessel fleet covered 1,568 ships with a total capacity of 4.8 million GT and payload of 7.8 million DWT.
Average vessel age of Vietnamese ones is 15.6 years old, lower than the world’s ones of 20.8 years old. Especially, the number of Vietnamese containers increased from 19 in 2013 to 39 in 2019.
The Vietnamese ship feet ranked fourth in ASEAN and 30th in the world.
However, the Vietnamese shipping sector is coping with the challenge of declining number. In 2018, the fleet had 1,600 sea vessels. The figure fell to 1,568 in 2019.
Economic experts are concerned that the sharp decline in sea vessels would make Viet Nam cope with the difficulties of missing the preset goal of 100% domestic transportation.
Source: VGP
Related News
VIETNAM ECONOMY INVESTMENT
CUSTOMS BUDGET REVENUE EXPERIENCES 3% DECLINE IN Q1
Vietnam’s import and export value reached a total of US$145.59 billion in the first quarter (Q1) of 2024, marking a year-on-year growth of 18.2%. However, the customs budget revenue saw a 3% year-on-year decline, amounting to VND71,520 billion in the quarter, thereby achieving 19.1% of the full-year target.
VIETNAM ECONOMY INVESTMENT
RAPID LAW IMPLEMENTATION MAY PROPEL MARKET FORTUNES
“Investors and developers are looking forward to the implementation of the new law, which will remove obstacles for a range of projects that are struggling due to stalled procedures and lack of legality. For them, the earlier the better,” he said.
PROPERTY / INDUSTRIAL ZONE
NATION URGED TO BUILD ON ECO-IP MODEL
Industrial parks (IPs) involved in an initiative that aims to help push them into the realm of being classed as eco-parks have seen improvements across a string of indicators, according to a review event in Ho Chi Minh City last week.
PROPERTY / INDUSTRIAL ZONE
YEN LU INDUSTRIAL PARK: NEW DESTINATION FOR INVESTORS
Bac Giang is a destination chosen by many domestic and foreign investors thanks to its locational advantages and its most opening and favorable investment policies. Assisted by local authorities, Capella Land Joint Stock Company has effectively invested in industrial zones, especially Yen Lu Industrial Park - a new destination for investors, to contribute to the province’s success in investment attraction.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
DEMAND SOARS, POWER ECONOMY URGED
The serious electricity shortage in the northern region in May-June 2023 is a valuable lesson on the importance and pivotal role of ensuring electricity security for socioeconomic development.
VIETNAM ECONOMY INVESTMENT
OPTIMIZING LEGAL AND REGULATORY FRAMEWORKS FOR EFFICIENT PUBLIC INVESTMENT DISBURSEMENT
According to the Ministry of Planning and Investment, a 1% increase in public investment raises GDP by 0.058%, and each VND1 disbursed stimulates an extra VND1.61 from the non-state sector. However, plan implementation often falls short at around 80% annually, despite government efforts.
Events Sponsors
