Removal of International Maritime Transport Business Conditions Eases Barriers for Enterprises
Remove the condition for international maritime transport business, The Government has recently issued a decree amending and supplementing several provisions of 26 existing decrees, aiming to reduce and simplify administrative procedures in production and business activities under the management of the Ministry of Construction.
This move is considered an important step toward improving the investment and business environment, creating more favorable conditions for enterprises, including those operating in the international maritime transport sector.
Amendments to Maritime Transport Business Conditions under Decree No. 14/2026
One notable highlight of Decree No. 14/2026/NĐ-CP is the amendment and supplementation of Decree No. 160/2016/NĐ-CP. Which regulates conditions for maritime transport business, ship agency services, and tugboat services.
Under the new regulations, the Government has officially abolished several business conditions for international maritime transport enterprises, particularly requirements related to vessels, organizational structure, and human resources.
These reductions are expected to help enterprises lower compliance costs, shorten market entry time, and enhance operational flexibility.
Basic Requirements for International Maritime Transport Enterprises
According to the new decree, enterprises engaged in international maritime transport are only required to meet basic conditions in accordance with current laws. Remove the condition for international maritime transport business.
Specifically, enterprises must be established and operate in compliance with the Law on Enterprises. For cooperatives, operations must comply with the Law on Cooperatives. In addition, enterprises are required to obtain a Certificate of Eligibility for Maritime Transport Business in accordance with prescribed procedures.
Continued Financial Obligations Toward Seafarers
Despite the removal of several business conditions, international maritime transport enterprises are still required to ensure financial obligations toward seafarers.
Accordingly, enterprises must provide a financial guarantee of at least VND 5 billion or purchase insurance to secure the shipowner’s obligations to seafarers, in compliance with legal regulations.
This requirement aims to protect the legitimate rights of workers in the maritime transport sector. While ensuring market stability and transparency.
Creating Momentum for International Maritime Transport Development
The removal of international maritime transport business conditions is regarded as consistent with the Government’s policy of administrative reform. Reducing business barriers, and promoting sustainable development of the maritime economy.
In the context of deeper international integration and growing demand for logistics and maritime transport services. This new policy is expected to attract more enterprises to the international maritime. Transport market and enhance the competitiveness of Vietnamese enterprises in regional and global markets.
