5M goods throughput at seaports barely rises

According to figures from the Vietnam Maritime Administration, the volume of goods passing through the country’s seaports reached 304 million tons in the first five months of this year, an increase of just 1 per cent year-on-year. Analysts believe that reasons for the low growth include the higher cost of shipping by sea, the Russia - Ukraine conflict pushing up the price of oil and then fuel and many types of raw materials, and China’s “Zero Covid” policy restricting travel and making trade difficult. Global shipping will continue to be delayed for the next few months.