Report

Seaport Industry 2025 - POSITIVE GROWTH IN AN UNSTABLE ENVIRONMENT

In 2024, there has been a strong recovery in trade flows and container throughput nationwide. This rebound was due to the low base of 2023 when inflation eroded consumer purchasing power in two major export markets, the US and Europe. Additionally, the US’s tariffs on electronic and medical products from China intensified demand for goods stockpiling in the short term before the tariff barriers took effect in August 2024. Shipping rates, charter rates, and container throughput peaked from June to August 2024.

The overall picture for the seaport industry value chain in 2025 shows positive growth in trade flows and global container throughput. Deep-water ports will benefit from expanding fleets with larger vessels, although the benefit level will depend on strategic partners, namely shipping companies. Meanwhile, adding new deep-water ports will have a mixed impact on river ports in the two key regions of Hai Phong and Ho Chi Minh City. However, underlying this dynamic are two major battles between industry giants that could reshape the ports’ market share in Vietnam. These are (1) the US-China trade war and (2) the reshuffling of alliances among significant shipping lines and the race to expand transport capacity
Provider
Viet Dragon Securities
Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

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Analysts
Quan Cao

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