Vietnam has kick-started its export business with the opening of its first container manufacturing plant - the second biggest of its kind in southeast Asia, according to the official Vietnam News Service.
The plant in the northern province of Hai Duong is expected to provide a yearly capacity of 45,000 TEU and is a joint venture between Vietnam Shipbuilding Industry Group (Vinashin) and Toong Goen Enterprise (TGC).
Vietnam's ministry of transport says containers business shows a marked dominance of foreign shipping companies, which weakens the competitiveness of the country's exports.
Growth of container business has increased 50 per cent a year with the transportation business reaching US$1 billion.
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