The Vietnam Maritime Administration proposed to set up a trading floor for maritime transport services as firms have continued to complain about overcharging for shipping.
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Vietnam Automobile Association president Nguyen Van Thanh complained of unhealthy competition among freight service providers. He said some transport firms refused to publicise their capacity or details of transport fees because they feared competitors may steal their customers.
The Maritime Administration said the current link between firms, logistic firms and commodities owners was ineffective, especially when it concerned international cargo. In addition, Infrastructure links between roads and maritime services is weak.
The trading floor could help reduce costs as it would provide greater transparency on maritime freight prices.
It is also expected to be the first step in creating a modern and more organised maritime transport sector.
The trading floor will cost VND140 million (USD6,300) and possibly be funded by the state budget. It could be piloted by 2017.
