Cargo via Vietnam Ports Forecast to Rise in 2013: U.K. BMI

Cargo via Vietnamese ports is forecast to rise in 2013, the U.K. market researcher Business Monitor International (BMI) said.

Specifically, the cargo output via ports in the southern economic hub of Ho Chi Minh City will rise by 7.56% to 39 million tons this year while the container cargo output via the ports expected to rise by 8% to 3.48 million tons.

Meanwhile, ports in Danang forecast to handle 4.16 million tons of cargo in 2013, rising by 4.3% and 133,000 TEUs tons of container commodities during the year, up 10.54%, it noted.

According to BMI, in 2013-2017, Vietnamese seaports will act as transshipment ports, just like Singaporean ports do, thus they will receive more large ships instead of just the small vessels as before.

Vietnam now has over 100 ports of different kinds. However, it has a surplus of small ports and a shortage of large ones. Port construction boom without planning has led to a situation where many ports are operating at 20% or 30% of their capacity.