VietNamNet Bridge – As the country is now a member of the World Trade Organisation (WTO), the shipping industry will sustain the strongest impacts in the field of transport.
Vietnam chose the third of the four levels of commitment in opening the maritime market, which is said by the world shipping circles that the Vietnamese shipping area will open wide.
Duong Chi Dung, General Director of the Vietnam Shipping Lines Corporation (Vinalines) said that up to 60% of its crew was participating in international transport.
Many giant shipping groups have come to Vietnam. For example, Denmark’s Maersk, the largest container transporter in the world, has been permitted to set up a wholly foreign owned company in Vietnam. It is also an investor in the field of seaports in Vietnam.
Japanese shipping companies like MOL, NYK, K’Lines have also been operating in Vietnam for a long time.
Famous investors in seaports like Singapore’s PSA, Hong Kong’s Hutchinson, Denmark’s APM, the US’ SSA have cooperated with Vinalines to modernise and exploit some big seaports in Vietnam.
Under Vietnam’s WTO commitments, foreign investors can operate in the shipping sector in the compulsory forms of joint venture or build operate transfer (BOT). In joint ventures, the Vietnamese partners must hold 51% of capital.
According to Dung, to diminish adverse impacts of WTO accession and to realise the itinerary to become a shipping group by 2007, Vinalines has diversified its operations in various fields. However, shipping, seaport management and exploitation, maritime service provisions are still its major activities.
Vinalines will develop fleets of specialised cargo vessels, such as container ships, tank ships up to 50,000 tonnes, and bulk cargo ships (around 150,000 tonnes) to go to Europe and the Americas.
The competition in the WTO era in the field of shipping will actually be the competition among foreign operators in Vietnam.
In Vietnam, though there are a large number of seaports, their positions are irrational and there are few deep seaports to serve big vessels. The country currently has 266 seaports in 24 provinces and cities.
Of the number, there are only nine big ports which can welcome ships up to 50,000 tonnes. It is estimated that by 2010, around 200 million tones of goods will be transported via Vietnamese seaports and up to 350,000 million tonnes by 2020.
As the country now is a member of the WTO, the shipping service prices will fall, which will force Vietnamese shipping firms to seek every method to raise quality and cut down prices.
Vietnam chose the third of the four levels of commitment in opening the maritime market, which is said by the world shipping circles that the Vietnamese shipping area will open wide.
Duong Chi Dung, General Director of the Vietnam Shipping Lines Corporation (Vinalines) said that up to 60% of its crew was participating in international transport.
Many giant shipping groups have come to Vietnam. For example, Denmark’s Maersk, the largest container transporter in the world, has been permitted to set up a wholly foreign owned company in Vietnam. It is also an investor in the field of seaports in Vietnam.
Japanese shipping companies like MOL, NYK, K’Lines have also been operating in Vietnam for a long time.
Famous investors in seaports like Singapore’s PSA, Hong Kong’s Hutchinson, Denmark’s APM, the US’ SSA have cooperated with Vinalines to modernise and exploit some big seaports in Vietnam.
Under Vietnam’s WTO commitments, foreign investors can operate in the shipping sector in the compulsory forms of joint venture or build operate transfer (BOT). In joint ventures, the Vietnamese partners must hold 51% of capital.
According to Dung, to diminish adverse impacts of WTO accession and to realise the itinerary to become a shipping group by 2007, Vinalines has diversified its operations in various fields. However, shipping, seaport management and exploitation, maritime service provisions are still its major activities.
Vinalines will develop fleets of specialised cargo vessels, such as container ships, tank ships up to 50,000 tonnes, and bulk cargo ships (around 150,000 tonnes) to go to Europe and the Americas.
The competition in the WTO era in the field of shipping will actually be the competition among foreign operators in Vietnam.
In Vietnam, though there are a large number of seaports, their positions are irrational and there are few deep seaports to serve big vessels. The country currently has 266 seaports in 24 provinces and cities.
Of the number, there are only nine big ports which can welcome ships up to 50,000 tonnes. It is estimated that by 2010, around 200 million tones of goods will be transported via Vietnamese seaports and up to 350,000 million tonnes by 2020.
As the country now is a member of the WTO, the shipping service prices will fall, which will force Vietnamese shipping firms to seek every method to raise quality and cut down prices.