1.5 billion USD needed for building container vessel fleet
Approximately 1.5 billion USD is needed to build new ships, purchase old ones, and rent and buy containers for Vietnam’s container vessel fleet, according to the Vietnam Logistics Business Association (VLA).
Hanoi (VNA) – Approximately 1.5 billion USD isneeded to build new ships, purchase old ones, and rent and buy containers forVietnam’s container vessel fleet, according to the Vietnam Logistics BusinessAssociation (VLA).
The VLA said over the next three to five years, it willfocus on investing in ships for inner Asian shipping routes to China, the Republicof Korea, Japan, Malaysia, India, Singapore and the Middle East.
Ngo Khac Le, deputy general secretary of the VLA, suggestedthe mobilisation of mainly private investment combined with support measuresfrom the Government.
In addition, the VLA recommended ministries, sectors andlocalities cooperate with enterprises involved in mechanics, iron and steel,textiles, footwear, furniture, seafood and general food goods.
Trading goods in large volumes for the fleet should bepromoted, with import-export businesses using these transport services grantedcertain incentives, it said.
It also highlighted the important role of many ministries,including the Ministry of Industry and Trade, Ministry of Finance, Ministry ofTransport, and Ministry of Foreign Affairs, in coordination for helping the shippingindustry find investment capital and international cooperation, and accesssuitable mechanisms and policies.
According to the VLA, to attract Vietnamese crewmen to workon ships, the State should implement policies to encourage their training andexempt them from personal income tax, while allowing the hiring of foreign crewmembers to work on Vietnamese flagged ships./.
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Illustrative photo (Source: VNA) 
