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Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Sunday, May 18, 2025

Strict management proposed over shipping cost increases

By Nguyen Tan

Must read

HCMC – Three key associations in the logistics sector have asked the Government to tighten control over the fee adjustments imposed by foreign shipping lines, as these lines have consistently hiked container service fees by 10 to 20% since the beginning of this year.

The Vietnam Shippers’ Council (VNSC) has formally communicated with the Government and relevant industries, stressing the urgency of taking measures to regulate the adjustment of terminal handling charges (THC) by foreign shipping lines.

The Vietnam Logistics Business Association (VLA) has expressed concern over the current regulations, which only require foreign shipping lines to provide a notice 15 days before increasing surcharges, without any obligation to provide justification or undergo inspections by competent authorities. This regulatory gap poses a considerable challenge for businesses, according to the association.

To address this issue, VLA has proposed adopting regulations and international business practices to enhance the effectiveness of managing fee collections by foreign shipping lines.

Similarly, the Vietnam Ship Agents, Brokers, and Maritime Services Providers Association (Visaba) have voiced their apprehensions regarding the continuous hikes in surcharges by foreign shipping lines and have called for stricter control in this regard.

Visaba said that foreign shipping lines levy about 10 types of charges, the rates of which are determined at their own discretion.

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