It is expected that the volume of goods to go through Vietnam’s ports will grow by 12-16 percent annually, and by 2030, it will be 1.5-2 times higher than now.

VietNamNet Bridge - Vietnamese shipping firms have been losing their domestic market share to foreigners.

Up to 70 percent of total goods are transported by land in Vietnam, leading to transportation costs that have increased by 10-60 percent.

VietNamNet Bridge - The Vietnam shipbuilding industry has been developing in 10-year cycles with pinnacles in 1987, 1997, 2007 and 2017. As the highest peak of the latest cycle is over, an oversupply may occur in 2018.

VietNamNet Bridge - The Cai Mep–Thi Vai container port in Ba Ri –Vung Tau province, built with investment capital of $2 billion, is now running at 15-20 percent of capacity.

VietNamNet Bridge - The record low freight for both inland waterways transport and international routes has caused a crisis among shipping firms, big and small, state-owned and privately run.

VietNamNet Bridge - SP-PSA, CMIT and SSIT Ports in Cai Mep –Thi Vai area of Ba Ria – Vung Tau province and CICT in Quang Ninh, which were developed as deep-water port complexes in the areas, are becoming run-down. 

The Vietnam National Shipping Lines (Vinalines) did not want to sell Quang Ninh Port because it could bring money, though the profits are not that high. However, the government has decided to withdraw all of its capital from the port.

 VietNamNet Bridge – If deferring to current law, no business in Vietnam can satisfy the requirements for salvaging retired ships for scrap.

On February 24, Colonel Duong Tu Trong was arrested for investigation related to his help to his elder brother Duong Chi Dung (former director of the Vietnam Maritime Administration) flee.