According to information at a seminar on improving Vietnam’s shipping capacity organized in Hanoi on January 30, Vietnam’s shipping output reached 130.9 million tons with the growth rate of 6 percent in 2017.
However, the industry now faces challenges in technology, labor productivity, capital access and the ability of meeting transport demand from new markets.
At the seminar, experts said that Vietnam’s maritime industry needs to continue renewing vessel fleet to reduce costs and improve competitiveness.
They forecast that if Vietnam can repair existing problems to promote its position advantages, the country will have the potential of becoming one of maritime powers in Asia by 2020.
