HÀ NỘI — Although there have been some positive signs in recent years, Việt Nam’s sea transport sector still face difficulties with many enterprises suffering heavy losses. The maritime industry is proposing support mechanisms to help the sector out of its stagnant state. The Philippines and Malaysia, traditional destinations for Vietnamese shipping fleets, have low profit margins. Vũ Đức Ngọ, director of Vũ Gia Tam Trading and Transport Co., Ltd, said that since 2009, shipping activities suffered heavy losses. The Ministry of Transport will also propose to the Government a number of policies to facilitate shipping enterprises in the country.
