MoIT meets with businesses to discuss Red Sea transport crisis
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02.06 20:00
Some immediate negative impacts included increased transportation costs, more critically, a shortage of empty containers, extended transit times, and adverse effects on the ability to fulfil import-export orders. In addition, the rise in transportation costs and oil prices will create a domino effect on the prices of other goods, leading to economic and geopolitical instability, and hindering the global economic recovery, Hải said.