The Finance Ministry will inspect 20 foreign shipping companies located in big ports, including Ho Chi Minh City, Hai Phong and Hanoi this month, Deputy Minister of Finance Vu Thi Mai said.

Mai said at a press conference held in Hanoi on April 8 that the inspections were a result of the Deputy Prime Minister Hoang Trung Hai's instructions to revise the collection of the maritime transport fees at foreign shipping firms in Vietnam. The ministry would cooperate with the Ministries of Transport and Industry and Trade, as well as other relevant agencies to monitor the collection.

She said the ministry had promulgated a decision for reviewing the transport fee charged to foreign firms and whether it was suitable or not. This would facilitate export businesses.

Tran Huy Truong, deputy head of the ministry's inspector, said they would contact foreign shipping firms in the inspection list.

Data from the Vietnam Maritime Department showed that of the more than 40 foreign shipping firms operating in Vietnam, 88 percent were involved in transport activities for the country's exports. In addition, the firms transported all goods in a container imported or exported from the European Union and North America.

Truong said several Vietnamese businesses had to pay different kinds of fees as they very much depended on foreign shipping firms.

In addition, the local businesses had not been active as they had not directly signed any transport contracts.-VNA