Sea freight rates are expected to fall in the second half of 2022, but at a glacial pace, allowing transport firms to reap high profits for another six months, according to experts.
Transport firms unwilling to cut fares amid falling fuel prices
In difficulty, transport firms sell vehicles, go bankrupt
As petrol prices continue to increase, transport firms may reduce services
If petrol and DO prices continue to stay high, transport firms may have to reduce services and routes, or stop operation temporarily.
No licenses for transport firms with foreign holding of over 51%
Vietnamese transport firms wherein foreign investors contribute over 51% of the chartered capital will not be licensed, according to the Ministry of Transport.
Ministry proposes road maintenance fee cut for transport firms
The Ministry of Transport (MoT) recently asked the Ministry of Finance (MoF) to exempt and reduce the road maintenance fees for transport vehicles and firms affected by the COVID-19 pandemic.
Transport firms face huge losses from coronavirus outbreak
Many transportation firms reported that they are incurring huge losses and slow business due to the coronavirus outbreak.