Business

Tariff policies boost Vietnam’s port activity

With US President Donald Trump’s tariff policies prompting businesses to rethink sourcing and shipping strategies, ports in Vietnam and Malaysia have seen an uptick in activity.

Loading export goods at Hai Phong International Container Port, Hai Phong city. (Photo: VNA)
Loading export goods at Hai Phong International Container Port, Hai Phong city. (Photo: VNA)

Hanoi (VNA) - Southeast Asian ports, particularly those in Vietnam and Malaysia, are experiencing strong growth amid shifts in the global trade landscape triggered by additional tariffs on Chinese goods imposed by US President Donald Trump, according to Singapore-based maritimefairtrade.org.

This “great reroute” is becoming increasingly pronounced as businesses look to diversify their supply chains and minimise exposure to tariffs by relocating their operations. With US President Donald Trump’s tariff policies prompting businesses to rethink sourcing and shipping strategies, ports in Vietnam and Malaysia have seen an uptick in activity.

Experts note that this may be a temporary boon, as ongoing geopolitical tensions and trade policy uncertainties continue to affect decision-making. To maintain their competitive edge, stakeholders in the region must invest in upgrading facilities, enhancing logistical operations, and mitigating congestion./.

VNA
#tariff #ports #global trade
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