Ports & logistics sector

An Expert's View about Ports in Vietnam

Posted on: 18 Feb 2012

With its large coastline and huge potential in ports infrastructure development, Vietnam is attracting interest from international services and management companies

Ports & logistics sector in Vietnam With its large coastline and huge potential in ports infrastructure development, Vietnam is attracting interest from international services and management companies who are seeking opportunities in the ports sector. Market overview Over the past 10 years, Vietnam has been one of the fastest growing economies in the world. The average GDP growth rate of the country in the period 2006 - 2010 was 7%. Vietnam’s GDP reached 6.78% in 2010, beating the Government’s target of 6.5%. The national seaport system has been established with 114 harbours of which there are more than 30 main ports with 40 km total length of berth and 170 million tonnes of cargo handling capacity. Key opportunities Under the plan approved by the Prime Minister in 2009, Viet Nam’s shipping fleet will handle 110-126 million tons of cargoes and 5 million passengers by 2015; about 215 - 260 million tons and 9-10 million passengers by 2020. The respective figures in 2030 will increase by 1.5-2 times and 1.5 times against 2020. Vietnam will focus on ξ Developing specialised blue sea vessels, such as container ships and oil tankers, and heavy ships. Its fleet will have total tonnage of 8.5-9.5 million DWT by 2015, and 11.5-13.5 million DWT by 2020. ξ Building international trans-shipment ports, ports in key economic zones and some deepwater ports specialised in handling containers. Latest export opportunities – Ports & Logistics Latest export opportunities - Vietnam Getting into the market Public procurement is a way to get into the Ports market. Business tends to be done through direct procurement rather than via agents. In general, after technical standards, prices and after-sale services are important. As in almost markets, having good prestige, flexible services, and building long-term business relationships are key to winning customers. More about doing business in Vietnam Contacts Market intelligence is critical when doing business overseas, and UKTI can provide bespoke market research and support during overseas visits though our chargeable Overseas Market Introduction Service (OMIS). To commission research or for general advice about the market, get in touch with our specialists in country - or contact your local international trade team. •Le Hanh Le, British Consulate General. Tel: +84 (08) 3825 1380 or email: le.le@fco.gov.uk •Le Nguyen Lan Anh, British Embassy Vietnam. Tel: +84 (04) 3936 0500 or email: le.anh@fco.gov.uk Contact your local international trade team UKTI Events UKTI runs a range of events for exporters, including seminars in the UK, trade missions to overseas markets and support for attendance at overseas trade shows. Latest events – Ports & Logistics Useful links More about OMIS and other UKTI services for exporters
Posted: 18 February 2012

See more from Ports in Vietnam

Expert Views    
Transport sector   By UK Trade & Investment
Ports & logistics sector   By UK Trade & Investment
Presenting the contributor