Vosco

Update news Vosco

Low freight volume, debts sinking VN shipping firms

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

Shipping firms still lag behind in domestic transport market

Half a decade has elapsed since the Ministry of Transport (MOT) opened up the domestic transport market, worth $50 million a year, to only Vietnamese enterprises.

Maritime transport firms continue to take losses

VietNamNet Bridge - The continued decrease in freight and transport demand has pushed shipping firms against the wall. Many of them have gone bankrupt, while others have had to sell ships to pay off debt.

Maritime transport slides into crisis

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.