In the last 10 years, economic growth in Vietnam has led to a significant increase in freight traffic, highlighting the importance of ports for companies that invest in the country. While this planning develops, investors that need ports for imports or exports should consider the regional variation in the quality of port infrastructure before setting up. The government wants the country’s seaports to handle 200 million tons of cargo by 2020 and double that amount by 2030. But Vietnam’s long-term economic trajectory is likely to see this demand continue for years to come. With the high number of supply chain shifts to Vietnam, it makes sense that shipping demand is increasing in the country. In the first half of the year, Vietnam’s container traffic rose three percent year-on-year, while Hong Kong’s dropped eight percent. Vietnam’s 1,900 miles of coastline and 320 ports increasingly serve an important role in global trade.
Here, Vietnam Briefing compares port infrastructure in three key economic regions so that investors can make an informed choice about where to place their business. Port infrastructure varies region to region in Vietnam.
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