Vietnam ’s cargo vessel fleet ranks fourth in Asia and stands 60 th out of 152 nations in the world, according to the Vietnam Maritime Administration (VMA).

The fleet consists of 1,700 ships with a total capacity of more than 7.4 million DWT.

VMA reported that in 2011, the team transported a total of 96 million tonnes of goods, up 8 percent over 2010.

In 2012, the maritime sector will strive to expand its fleet by 5- 7 percent and the total transported cargo by 6-8 percent./.