HANOI (Bernama-Xinhua): The volume of goods passing through Vietnamese seaports in the first seven months of this year posted a five-year record high, Xinhua quoted the Vietnam News report, citing the Vietnam Maritime Administration's official data.
The goods volume was estimated at 501.12 million tonnes during the cited period, up by 16 per cent over the same period in 2023, while container cargo throughput reached 16.902 million TEUs (twenty-foot equivalent units), a 21 per cent rise year-on-year.
"This is the highest growth rate in the past five years and is three times higher than the average growth rate in the past five years of 5.5 per cent," a spokesperson for the administration said.
According to the administration, sea freight rates have decreased recently, dropping by about 4 per cent compared to the previous week.
The reason for the decrease in freight rates is that shipping lines have increased their capacity and the pressure from the peak season has lessened, Vietnam's national television reported. - Bernama-Xinhua
