Foreign shipping lines must now publicise fees

Foreign shipping lines will have to publicise charges, surcharges of freight services for containerised goods, and port service charges from July 1, 2017 with the Vietnamese government Decree No. 146/2016/ND-CP mandating the publication of these charges. The decree will add charges, freight service surcharges for containerised goods, and service charges at port. Currently, firms are obliged to publicise fees and surcharges of by-sea freight services in the Law on Price 2012, Decree 177/2013/ND-CP, and the Vietnam Maritime Code 2015.

The Vietnam Maritime Administration’s statistics showed that as of October 2014, there were 40 foreign shipping companies doing business in Vietnam, in charge of approximately 88 per cent of the exports and imports of local enterprises.

A report from the Ministry of Finance showed that of the VND77.12 trillion ($3.52 billion) that shipping agents collected for shipping firms in 2013-2014, more than VND26 trillion ($1.18 billion) came from surcharges.

(VBN)