Seaport congestion in Singapore is affecting the global supply chain, forcing many shipping lines to open new routes to other ports in the region. This is a rare opportunity for Vietnamese seaports to attract more shipping lines around the world.

Vietnam's seaport cargo throughput is set to reach 1.2-1.4 billion tonnes by 2030, with container cargo expected to range from 46.3 to 54.34 million TEUs.

After 10 years of development, Chu Lai has affirmed its role as a large commercial port of the central region and Central Highlands.

The operator is currently working with the relevant authorities, including the police, to establish whether the pepper and coffee cargo went missing from the actual port.

Five businesses have reported a shortage of pepper and coffee discovered at the destination port compared to the contracted amount.

Vietnam’s port system will be upgraded to handle between 1.25 and 1.5 billion tons of cargo annually by 2030, as part of a comprehensive plan to enhance key international gateway ports.

It was forecast that about 12.8 million TEU of container goods would be transshipped via ports in the East Sea by 2030.

Cai Mep Port in Phu My Town, Ba Ria-Vung Tau Province, is now among the top 30 largest container ports in the world, according to consultancy firm Alphaliner.

Vietnam boasts three seaports listed among the Top 50 largest container ports globally, namely Ho Chi Minh City Port, Hai Phong Port and Cai Mep-Thi Vai Port.

The Incheon Port Authority has announced that Maersk launched its new PH5 service at the Incheon Port on March 4, a weekly container service that connects the Republic of Korea’s Incheon with Vietnam and Thailand via China.

Regarding the shipping industry as a whole, Tien Phong Securities Company believes that the outlook for 2024 will be more positive due to the gradual cooling down of global inflationary pressures and an increase in demand for goods transportation.

Vietnam plans to develop a modern seaport system in the near future, but the question remains on how to optimise the facilities.

Authorities in HCM City are seeking measures to solve the serious congestion along some roads leading to Cat Lai Port.

According to the national Seaport System Development Master Plan in the period 2021-2030 with a vision to 2050, Vietnam will have a modern seaport system with many seaports.

Seaports in Vietnam are expected to receive a huge amount of foreign capital in the time to come as some leading maritime corporations have stated they want to join hands with domestic companies to develop super-ports in Vietnam.

With a series of seaport infrastructure projects being implemented in the Southern Key Economic Zone, the seaport industry is promising in attracting more foreign investment.

Vietnam’s seaport throughput nearly doubled between 2015 and 2022, averaging 8.4%, said the Vietnam Maritime Administration (VMA).

A downturn in exports may prompt the private sector to reevaluate its investment plans in the nation’s seaports, which are estimated to require over $13 billion by 2030.

Vietnamese shipping organisations’ proposal to raise charges for container loading and unloading services at seaports, if becomes true, will not affect exporters and importers.