“The state owned carriers, including Vietnam Maritime Corporation (ex-Vinalines), have continued to underperform, have not been active in building up their capacity in recent years and have failed to capitalise on the booming container markets of the past two years.”
Mr Tan added: “However, the Vietnam-flagged fleet remains very small and focused on the feeder sizes, and they have not developed any deepsea capabilities that could threaten the dominance of the foreign-flagged carriers in Vietnam.”
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