Vietnam Seeking Private Investment in Ports
Vietnam's Ministry of Transport is seeking private sector investment for construction of seaports, Vietnam Briefing reported last week. The Vietnam Maritime Administration will announce a list of 42 maritime infrastructure projects, including 18 seaports, looking for private investment, said Do Duc Tien, Deputy Chief of the Vietnam Maritime Administration. The privatization of Vietnam's ports is part of an initiative launched in April 2014 to privatize an estimated 432 state-owned enterprises between 2014 and 2015.
Vietnam Ship Detentions Not Uncommon
In the first half of 2012, Vietnamese ships were inspected by PSC 434 times at foreign ports, with 30 ships being detained for 457 errors. The number of Vietnamese ships which are seized at foreign ports in the first half of 2012 reduced compared to the same period of 2011. However, the number of ships that were inspected overseas did not decrease, according to the Vietnam Maritime Administration. “The Vietnamese fleet is still the subject of ‘priority’ for inspection, especially at seaports of China and Indonesia,” said Mr. Do Duc Tien, vice chief of the Vietnam Maritime Administration. Tien said most of the 30 ships that were detained had operated overseas for a long time and they had not returned to Vietnam for check.