Vietnamese terminals cut regional costs

Container terminal operators in Vietnam are charging an average of just $32 to handle a 20 foot container, which compares with $55 in Thailand, $76 in China and $117 in Singapore.

Vietnamese ports are putting regional rates under pressure
Vietnamese ports are putting regional rates under pressure

However, calculations suggest that, in order to break even, they should be charging at least $88.

The Vietnam Seaports Association believes the government should establish a minimum charge for container handling to prevent uneconomic competition from breaking out between operators desperate to secure traffic.

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