Low freight volume, debts sinking VN shipping firmsVietNamNet Bridge - Vietnamese shipping firms have been losing their domestic market share to foreigners. Many shipping firms have been repeatedly reporting lossesVosco, one of the largest Vietnamese shipping firms, has been repeatedly reporting losses since 2012, though its revenue has been higher than VND1 trillion a year. Meanwhile, they cannot satisfy requirements from clients because their fleets are mostly bulk ships and lack container ships. An expert said that most Vietnamese shipping firms focus on exploiting dry and bulk cargo, but container transportation has become common globally. In order to become more competitive, Vietnamese shipping firms need container ships, better supply chains, infrastructure and logistics systems.
