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TPP, other FTAs put pressure on Vietnam port expenses

“Vietnam must do more to make its cargo operations more competitive with its regional rivals.” Vietnam’s logistics costs, at 25% of its GDP, are higher than those of regional competitors. Most of Vietnam’s international trade is conducted through the Cai Mep cluster of terminals near the southern metropolis of HCM City. Read more

Vinalines sails into stormy financial seas: considering divesting three port investments

Jun 18, 2012. Vinalines will analyse the efficiency of the method for reducing state investment capital and increase contributions of private partners, including foreign ones in the ports

Financially troubled state-owned Vinalines is weighing up divesting from three port projects as a part of its comprehensive restructuring plan.

The government, in a report sent to the National Assembly last week, said Vinalines would review and restructure its capital contributed to joint ventures with foreign partners at Cai Mep-Thi Vai area in southern Ba Ria-Vung Tau province.

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