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Finance Ministry to inspect foreign shipping firms

Released at: 07:53, 10/04/2015

Finance Ministry to inspect foreign shipping firms

Inspection following their recent decision to raise fees and surcharges.

by Hung Nguyen

The Ministry of Finance (MoF) will inspect 20 major foreign shipping firms which have business activities related to international trade, according to Deputy Minister of Finance Vu Thi Mai. These firms have supposedly imposed additional maritime transport fees which have taken a toll on trading activities.

Deputy Prime Minister Hoang Trung Hai has directed the MoF to cooperate with the Ministry of Transport (MoT) and the Ministry of Industry and Trade (MoIT) as well as other related agencies to look into the matter. “After conducting the examinations in April, we will evaluate the results to report to the Deputy Prime Minister," said Ms. Mai.

Accordingly, 20 companies operating in large ports including Ho Chi Minh, Hai Phong and Ha Noi will be subject to inspection.

Data from the Vietnam Maritime Department showed that as of October 2014, more than 40 foreign shipping firms are operating in Vietnam, 88 per cent were involved in transportation of the country's exports. 

  • TAGS
  • Foreign shipping companies
  • MoF
  • inspection

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