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As of December 31, 2021, Vietnam’s fleet had 1,502 ships, including 1,032 cargo vessels. Photo: thanhnien.vn Vietnam’s shipping fleet has recently undergone an increase in its performance to rank third in Southeast Asia and 22nd in the world overall, VOV reported, citing the UN Conference on Trade and Development (UNCTAD). Back in 2019, the Vietnamese fleet was ranked fourth in ASEAN and 30th globally. According to the information given by the Vietnam Maritime Administration, the country had 1,477 ships as of December, with a total tonnage of approximately 11.6 million DWT and a capacity of roughly seven million GT. The transport fleet alone reached 1,009 ships with a total tonnage of about 10.7 million DWT and a total capacity of some 6.4 million GT. In addition, the number of bulk carriers stands at 709 ships, accounting for 70.3% of the overall figure. Currently, the average age of the Vietnamese fleet stands at 16.5 years old, while the average age of the global fl...

Illustrative image. Photo: VNA Singapore’s Straits Times commented that Vietnam’s economy grew at the fastest pace in Asia this year. The US’s CNN called it the fastest growth rate since 1997 while the UK’s BBC stressed that it was the highest growth posted from 2011-2022, the main driver of which was the export sector and strong retail sales. The figure was released amid concerns about the global economic slowdown and its impact on export demand from Vietnam, a major producer of apparel, footwear and electronics for major international brands. Russia’s Sputnik news agency said thanks to this miraculous economic growth, low inflation, booming imports-exports, political stability and brilliant diplomatic successes, Vietnam had emerged as one of the rare spotlights in the gloomy landscape of recession and crisis covering the world. It quoted the World Trade Organisation (WTO) ranking as saying that Vietnam has continuously been named in the group of 30 countries and terri...