Container freight rates are beginning to rise in Vietnam as geopolitical tensions and surging fuel costs disrupt global maritime transport, increasing pressure on shipping lines and logistics markets and signalling further volatility ahead.

The potential is great, but the development and operation of Vietnamese cargo shipping has not been commensurate with the role and position of the country.

Many container shipping lines have announced further increases in transportation fees starting from late May, causing difficulties for import-export companies.

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.