Recently Released Market Study: Vietnam Shipping Report Q1 2013
The problems currently experienced at Vinalines are indicative of a deeper malaise in the Vietnamese shipping sector. State-owned shipbuilder Vinashin was bailed out in 2010 when its US$4.5bn debt threatened to bring down the entire Vietnamese economy. Vietnam's shipping sector has suffered from a number of factors, including antiquated infrastructure, a byzantine bureaucracy, inflation, a trade deficit and a weak currency.
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