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An estimated 90.5 million inhabitants populate the Southeast Asian country of Vietnam. The Vietnamese economy is expected to become the world’s 21st-largest by 2025, with an estimated nominal GDP of $436 billion. Get access to this huge market by exploring ocean freight to Vietnam.
In 2014, Vietnam negotiated a free trade agreement with the European Union, adding Western Europe to its list of chief trading partners, along with the ASEAN countries, the United States, China and Japan, and Australia. The US is Vietnam’s leading export destination.
By 2025, Vietnam is expected to be the fastest-growing of the world’s emerging economies, with a potential growth rate in real dollars of almost 10 percent annually. Vietnam is already one of Asia’s most open economies. In 2006, two-way trade was valued at around 160 percent of GDP. Ocean freight to Vietnam is clearly a vital tool for any exporter.
FCL (Full Container Load) shipping or LCL (groupage, or a Less than Container Load) are your options when sending cargo to Vietnam.
You’ll need to determine your shipping volume in order to make an informed decision here. Any shipment equal to at least half of a container is considered a full container load (FCL), keeping in mind that a 20-foot container can hold 10 standard pallets, while a 40-foot container ships 22 standard pallets.
FCL is also the best way to avoid any risk of damage to your goods that may be caused by contact with other exporters’ merchandise, and so may be a wise choice even for small shipments.
A shared container (LCL), also known as groupage, is a good and economical choice if sharing space with others isn’t a concern. Groupage requires you to pay only for your own space within a shipping container, and so is cost-effective. Contact iContainers for rates and other important information on shipping.
Da Nang Port is the third-largest port system in Vietnam, located at the mouth of the Han River on the South China Sea. The port handled 2.7 million tons of cargo in 2008: 985,600 tons of domestic cargo, 1.2 million tons of exports, and 525,900 tons of imports.
Saigon Port is a network of ports in Ho Chi Minh City, the former Saigon. By the end of 2012, this port was handling 3.5 million TEUs of containers annually - an increase of 14 percent from 2011. By 2013, it had become the world’s 24th busiest container port.
Hai Phong Port is the leading sea port for northern Vietnam, and consists of a port group in Haiphong City. This port system is slated to handle ships of up to 30,000-40,000 DWT with future development. It currently offers cargo handling, tallying, and warehousing, among other services.
iContainers provides efficient and affordable ocean freight services to Vietnam from many ports located around the world including ports in:
For more information, consult ship container rates for your ocean freight to Vietnam here.
"Customs duties play an important role in your international shipment. How they're determined and calculated varies from country to country"
Klaus Lydsal, vice president of operations at iContainers