The ongoing pandemic is causing problems for exporters in Vietnam and throughout Asia, leading to a possible disruption in supply. Industry experts say the biggest problem in the industry is no longer a lack of available containers and higher freight rates at sea, but the congestion of goods due to the pandemic.
At the end of last year, Vietnamese businesses accelerated the export of goods, but a series of orders had to be stored and renegotiated due to the lack of empty containers and the sudden increase in freight rates. According to data, sea freight rates for export goods through the European and American markets have recently increased seven to tenfold.
Research on the logistics industry shows that the congestion and disruption of the world logistics system will see freight rates peak in the fourth quarter of 2021, and only slightly decrease in the first half of 2022 and not record a significant decrease until 2023.
This research said 90 per cent of Vietnam's export goods depended on foreign shipping lines. Vietnamese business owners cannot influence the price of international transport chains but still suffer from the high rates.
Source: vietnamnet.vn
