Vietnam readies to give China some competition in container manufacturing

Vietnam is giving the world a non-Chinese outlet for new containers.

Steelmaker Hoa Phat Group is developing a container factory in southern Vung Tau province. The site should be up and running by the final quarter of this year using Hoa Phat’s own steel with an annual capacity of 500,000 teu.

Two South Korean firms – Seojin Systems and Ace Engineering – are also constructing a container factory in Haiphong in the north of Vietnam, due to go into operation later this year.

Chinese factories now account for more than 96% of the world’s dry cargo containers and 100% of the world’s refrigerated containers.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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