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The construction of Vietnam’s first international container terminal has been put on hold to pave the way for the construction of a steel mill by South Korea’s Posco, throwing up a good deal of debate in the country, according to Shipping Gazette. The country’s national shipping line Vinalines has been urging the Government to build a container shipping terminal of international standard to meet the growing demand and to cut down on cos ts. While the volume of containers trans-shipped through Vietnam’s ports is increasing by an average of 18 to 20 per cent every year, large volumes of Vietnam’s exports in containers to Europe and North America are also trans-shipped through Hong Kong and Singapore. The trans-shipment of containers through Hong Kong or Singapore, according to one estimate, adds to the transport costs, thus reducing Vietnam’s international competitiveness.

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