Vietnam boasts great potential for international transport

With a predicted 7-8 percent growth rate, Vietnam is a strong market for transport services, said Mike Andaloro, Managing Director for Asia-Pacific of BDP International.

He was speaking at a press briefing held in HCM City on June 17 to open a branch of BDP International, one of the world’s leading privately-held freight logistics/transportation management firms.

Mr Andaloro said export-import tax rates in Vietnam have been reduced following the signing of bilateral trade agreements with a number of other countries. Vietnam ranks fifth in Asia in FDI attraction. This will produce a positive growth in transport services which will in turn capture the attention of more foreign companies.

Each year, more than 240 million tonnes of goods are transported through Vietnamese sea ports, earning big revenues for the maritime transport sector.

According to the Ministry of Pubic Transport, the total volume of cargo transported via Vietnamese sea ports will reach 500 million tonnes by 2015,1 billion by 2020 and 2 billion by 2030.

Tags: international transport, Vietnam transportation

Posted by VBN on Jun 17 2010. Filed under Transportation. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry