Vietnamese Shipping Companies Seek to Expand Into International Shipping Market
Vietnamese shipping lines are wading into the international market in a bid to reduce dependence on foreign shipping companies, the state-run CustomsNews reported. To do this, some of the 10 Vietnamese shipping companies in operation at the end of 2021,…
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including the Hai An Shipping Joint Stock Co., are entering into joint ventures with foreign shipping lines and investing in upgrades to existing shipping fleets. Hai An announced that it is discussing a joint venture with Israeli shipping company ZIM. The joint venture, if approved, will open two container shipping routes: one from Vietnam to Southeast Asia and another from Vietnam to China, the report said.