However, the most important reason for the southern seaport system to do well is the development of deep-water facilities at some locations, particularly Ba Ria - Vung Tau Province. They said in the past huge volumes of exports from the south to China were transported to northern ports by sea and then by road to the Chinese border.īut recently the Chinese government has tightly controlled border trade with other countries, and as a result a majority of goods from the south are now transported directly by sea to China, significantly decreasing the volume of freight handled by northern ports like Hai Phong, they pointed out. The Government’s pro-active investment in the logistics infrastructure in recent years has helped attract supply chains from many countries, helping increase imports and exports that pass through the country’s ports.
Market Research Company Fitch Solutions has forecast Vietnam’s trade to grow at an annual rate of 11 per cent between 20.
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They shared some common advantages with the rest of the country like the high growth in Vietnam’s exports and imports thanks to free trade agreements it has signed with several countries that are starting to take effect. VCBS analysts said there are several reasons for this.
The rate in the north has been 13.2 per cent.ĭata from the General Statistics Office shows that in the first half of this year seaports in southern provinces like Ba Ria - Vung Tau, Tien Giang and An Giang achieved high growth rates.
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