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Why every year the southern seaport ecosystem generates more than 1,000 billion USD in transactions but Vietnam only retains about 4 to 5% of the value, while the "best" part flows to Singapore and Hong Kong?
Vietnam is facing a huge paradox
Containers increased sharply, imports and exports boomed, Cai Mep - Thi Vai port continuously ranked among the most important deep-water ports in Asia, but the money from marine insurance, logistics finance, ship chartering, transport brokerage, international payments and high-end supply chain services is not in Vietnam.
ACTUAL PICTURE OF VIETNAM MARINE INDUSTRY
Vietnam Singapore Index
The value of related logistics transactions each year is more than 1,000 billion USD, more than 2,000 billion USD
Marine finance value retention rate About 4 to 5% Above 50%
International marine insurance center Not yet strong. Top in the world
The shipping financial ecosystem lacks completeness
Number of global shipping lines that set up coordination centers Very few Very many
It is worth mentioning that Vietnam does not lack a strong seaport.
What Vietnam lacks is the "currency ecosystem" around seaports.
A container passing through Vietnam can generate dozens of types of revenue:
• Cargo insurance
• International payment
• Container rental
• Trade sponsorshipcommercial
• Sea freight broker
• Logistics data
• Supply chain finance
• Ship management
• International legal services
But the majority of these high-value contracts are currently signed in Singapore
THE MEP IS STRONG BUT NOT “RICH” yet.
Seaport Advantages
Cai Mep - Thi Vai Take the mother ship directly to the US and Europe
Hai Phong North Center
Singapore Financial + logistics + insurance center
Hong Kong Center for international capital and trade
This makes Vietnam look like a "commodity transit station", but not yet a place to hold global cash flows.
Many experts believe that if Ho Chi Minh City is formed:
• Maritime financial center
• Fintech logistics sandbox area
• Sea freight exchange platform
• Separate international payment system for logistics
• Regional marine insurance center
…then the value retention rate could increase dramatically in the next 10 years.
FORECAST OF POTENTIAL IF VIETNAM RETAINS MORE VALUE
Retention rate Estimated value
5% currently About 50 billion USD
10% About 100 billion USD
20% About 200 billion USD
With just a few percent increase in cash flow retention, the scale of economic benefits is equivalent to the GDP of many small countries.
Meanwhile, Singapore doesn't just make money from its seaport.
They make money from "all services surrounding the seaport".
That's the scary difference
Vietnam currently has a huge opportunity thanks to:
• Moving supply chains away from China
• Cross-border e-commerce boom
• Global logistics diversification trend
• Wave of high-tech FDI
• Water port systemincreasingly modern
But if a true maritime financial center cannot be built, Vietnam may continue to be a "transportation factory" for the region instead of becoming the place that holds the highest profits.
The upcoming game is no longer "who has the bigger port"
It's "who can keep the cash flow behind each container".
#Marine Economy #LogisticsVietnam #Vietnam Seaport #Singapore #International Finance #Import-Export #Investment #Supply Chain #CaiMep #Global Trade #Infrastructure #Marine Transport #Vietnamese Enterprise #Bloomberg #HCMC
