The Vietnam Maritime Administration (VMA) said that sea freight rates have decreased recently, dropping by about 4% compared to the previous week.

Sea freight rates are expected to fall in the second half of 2022, but at a glacial pace, allowing transport firms to reap high profits for another six months, according to experts.

The Vietnam Maritime Corporation (VIMC) had great performance in 2021, earning around VND3.75 trillion (US$165 million), according to Nguyen Canh Tinh, general director of the shipping giant.

VOV.VN - With Vietnam’s aquatic market shares in Russia accounting for less than 2% of the country’s total seafood export turnover, local firms have been advised to strive to fully tap into the Russian market thanks to tax incentives from the Vietnam-EAEU free trade agreement.

VOV.VN - Vietnamese enterprises have encountered numerous difficulties when attempting to export goods to the United States and Europe, including facing a shortage of empty containers and a high sea freight rate, according to industry insiders.

VOV.VN - Local firms have been advised to become more flexible and consider changing which type of transportation they use when shipping goods to promote the greater production of empty containers to deal with the shortage of empty containers and the recent rise in freight rates.