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According to media reports, statistics from the Vietnam Maritime Safety Administration show that in the first half of 2019, the cargo throughput of Vietnam's seaports reached approximately 308 million tons, a year-on-year increase of 13%.
Among them, the container throughput reached 9.1 million TEUs, an increase of 3%. However, the report pointed out that the Vietnamese maritime transport industry is facing challenges such as insufficient use of vessels.
The report pointed out that there were more than 1,600 ships in Vietnam in 2018, and the number has dropped to 1,568. Economic experts pointed out that this is a cause of concern, because in the case of a reduction in the number of ships, it will be difficult for Vietnam to be unable to meet the domestic and international cargo transportation needs.
Data show that Vietnam's foreign trade volume increased from 69 billion US dollars in 2005 to 482.2 billion US dollars in 2018, which greatly increased the country's shipping volume, which also means that the country's cargo transportation facilities have to bear more pressure.
Statistics from the Vietnam Maritime Administration show that from 1995 to 2017, the total amount of goods transported in the Vietnamese port has increased by 30 times. In recent years, with the increase of foreign investment, the Vietnam Transport Development and Strategy Research Institute data shows that the Vietnamese seaport is expected to handle more than 200 million tons of cargo by 2020, and this number will increase to 400 million tons of cargo by 2030. .
Last year, Vietnam’s largest state-owned shipbuilding company, SBIC, lost more than $130 million a year. It is understood that the source of Vietnamese vessels is mainly composed of self-produced new ships and imported second-hand vessels. Therefore, Vietnam is likely to find the source of the vessel from outside when the technical strength of its own shipyard is insufficient.
The data shows that China has continuously become Vietnam's largest trading partner. In 2018, the import and export volume of bilateral goods between China and Vietnam was US$147.86 billion, an increase of 21.2%. China has become one of Vietnam's most important import and export markets.