Seaport congestion in Singapore is affecting the global supply chain, forcing many shipping lines to open new routes to other ports in the region. This is a rare opportunity for Vietnamese seaports to attract more shipping lines around the world.
The transport ministry forecasts that the number of passengers going through the seaport by 2030 will reach between 17 - 19 million, including international and domestic passengers.
Viet Nam’s seaports handled in excess of 537.7 million tonnes of goods in the first nine months of the year, a year-on-year rise of 3 per cent, reported the Việt Nam Maritime Administration.
The total volume of goods that passed through Viet Nam’s seaports has been growing despite continuous increases in container freight rates since the COVID-19 pandemic.
Viet Nam’s seaports handled an estimated more than 689 million tonnes of cargo this year, up 4 per cent annually, reported the Viet Nam Maritime Administration.
Over 128.4 million tonnes of cargo were handled through Viet Nam’s seaports in the first quarter of this year, up 7 per cent annually, according to the Viet Nam Maritime Administration (VMA).
Viet Nam’s seaports are expected to handle more than 200 million tonnes of cargo by 2020, equivalent to 19.5 million tonnes TEUs (20-foot equivalent units) of freight containers, according to Transport Development and Strategy Institute.