The Vietnamese Government has announced plans to beef up its transportation fleet to expand the country's transport share in the global market.
The government plans to assemble a fleet of 14 to 18 container ships in the 800- to 1,200-teu (20 ft equivalent unit) range, eight tankers of 65,000 to 90,000 deadweight tonnes (dwt) and 10 to 14 bulk carriers of 24,000 to 35,000 dwt by 2010.
'The government of Vietnam hopes to build up a fleet of various vessels to reinforce its maritime services going forward from 2000,' a statement said.
Vietnam's current oceangoing fleet consists of three container ships, five crude tankers, 58 bulk carriers and nine others.
The fleet expansion will be achieved through purchases of vessels from other countries.
Container ships of 800 to 1,200 teu will be assigned to intra-Asia services.
Vietnam's container trade slowed last year under pressure from the sluggish Asian economy, which has started back on the recovery path this year.
Vietnam plans to purchase five 65,000 dwt crude tankers from 2001 to 2005 and three 90,000 dwt tankers from 2006 to 2010.
Vietnam hopes to increase its transport share of the country's product carrier by 14 per cent to 40 per cent.