Home breadcru News breadcru Logistics breadcru $1.5 bn needed for building Vietnam's container vessel fleet: VLA

$1.5 bn needed for building Vietnam's container vessel fleet: VLA

15 Apr '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

Nearly $1.5 billion is needed to build new ships, purchase old ones and rent and buy containers for Vietnam’s container vessel fleet, according to the Vietnam Logistics Business Association (VLA), which recently said it will focus on investing in ships for inner Asian shipping routes to China, South Korea, Japan, Malaysia, India, Singapore and the Middle East over the next few years.

VLA deputy general secretary Ngo Khac Le suggested the mobilisation of private investment combined with support measures from the government.

In addition, VLA recommended ministries, sectors and localities cooperate with enterprises involved in mechanics, iron and steel, textiles, footwear, furniture, seafood and general food goods, according to Vietnamese media reports.

Trading goods in large volumes for the fleet should be promoted, with import-export businesses using these transport services granted certain incentives, it said.

ALCHEMPro News Desk (DS)

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