Shipping vessels at a port (Illustrative photo: VNA)Hanoi (VNA) - Vietnam’s maritime sector is striving to upgrade its international merchant fleet in order to reduce the country’s dependency on foreign-owned vessels in export-import activities. The domestic fleet currently mainly operates on domestic and short international routes in Asia, VinaMarine Deputy Director General Hoang Hong Giang said. There is a lack of container ships and large tonnage ships operating on international routes. Vietnam’s merchant fleet ranks third among ASEAN nations and 28th in the world. Deputy Minister of Transport Nguyen Xuan Sang underlined that the development of an international merchant fleet under the project requires efforts from relevant State management agencies, firms and associations.

Source: Viet Nam News October 01, 2022 12:57 UTC