Too much foreign influence in Vietnam?
There is rising disquiet in Vietnam that international stevedoring groups are holding too much power at national ports, something which could eventually work against the interest of local traders.
Foreign investors have funded construction of ten large container terminals in the vital southern region of the country. Among those investing are CMA CGM, DP World, Hong Kong International Terminals (HIT) and SSA Marine.
An estimated 20 foreign companies also want to invest in the new Cai Mep-Thi Vai port.
By 2020, is estimated that foreign investors would hold around 45% in any joint venture port companies, although their voting power would give them an effective 56% control.
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