Tuesday, 14/06/2011 09:42

Vietnam looks to end unfair shipping fees: Report

Deputy Prime Minister Hoang Trung Hai has ordered concerned ministries to take “strong measures” to prevent foreign shipping lines from imposing unreasonable surcharges on local companies.

The Ministry of Industry and Trade and the Ministry of Finance have been asked to review their policies regarding shipping fees, news website VnExpress reported Saturday.

Hai also ordered the Ministry of Transport to prepare plans for developing the local sea transport industry over the next 10 years. The ministry also needs to study measures to prevent congestion at Vietnamese sea ports, he added.

The order came after the Ministry of Transport submitted a report to the government late last month, confirming allegations that foreign shipping lines were imposing unfair surcharges on Vietnamese traders.

Foreign shipping lines have taken advantage of the country’s underdeveloped transportation industry to unreasonably collect at least 10 different fees from local customers, the report said.

According to the Ministry of Transport, Vietnam needs a strong container ship fleet to compete with foreign lines. The country’s fleet of 36 container vessels, mainly owned by Vietnam National Shipping Lines, can only meet 20 percent of current transportation demand.

Thanh Nien

Other News

>   Cashew exports likely to earn US$1.4-1.5 billion in 2011 (14/06/2011)

>   Vietnam Dung Quat refinery to reach 200,800 bpd 2017 (13/06/2011)

>   Coffee price edges up as supply falls (13/06/2011)

>   Industrial parks, export zones eye high value-added products (13/06/2011)

>   Global rice prices forecast to rise soon (13/06/2011)

>   Timber industry misses export target (13/06/2011)

>   Two airlines fail to pay fuel bills (13/06/2011)

>   Low import tariffs drive electronics manufacturers to a standstill (13/06/2011)

>   Exporters feel the pinch of high interest rate (13/06/2011)

>   Raw titanium “bleeding” causes millions dollars in loss (13/06/2011)

Online Services
iDragon
Place Order

Là giải pháp giao dịch chứng khoán với nhiều tính năng ưu việt và tinh xảo trên nền công nghệ kỹ thuật cao; giao diện thân thiện, dễ sử dụng trên các thiết bị có kết nối Internet...
User manual
Updated version