Vietnam needs 13.3 billion USD to develop seaports
Lach Huyen port in Hai Phong city (Photo: VNA)
Vietnam would need 312.6 trillion VND (13.3 billion USD) to develop the seaports system by 2030, according to the Ministry of Transport.
Specifically, 78% of the capital would be reserved for developing ports and the rest for public maritime infrastructure.
By 2024, the focus would be placed on upgrading Cai Mep - Thi Vai navigational channel to enable it to serve ships of up to 18,000 TEU, navigational channels for large ships to enter Hau, Van Uc and Chanh rivers.
In addition, investment would be poured into developing sea lights in islands and archipelagos under Vietnam’s sovereignty and infrastructure for marine safety, building coastal information stations, search and rescue centres and a representative office of Nha Trang Maritime Administration in Truong Sa.
By 2030, the investment would focus on the construction of breakwaters at Vung Ang Port (Ha Tinh province), sand barrier system at Cua Viet and Cua Gianh as well as upgrading Cam Pha, Ba Ngoi, Hon La, Tran De, Diem Dien and Van Uc channels.
The vessel traffic services (VTS) would be installed for Hon Gai – Cai Lan channel and the channel into Hau river.
The Ministry of Transport said that it would call for investment into potential ports such as Van Phong and Tran De. By 2030, construction would be started for a port in Nam Do Son (Hai Phong) and ports in Cai Mep and Tran De.
As of October 2022, there were 296 ports with a total length of 107km (five times the figure of 2000). Vietnam also established international gateway ports in the northern and southern regions with 34 shipping routes including 11 routes in Asia, three to Europe and 20 to America, only after Malaysia and Singapore./.
Related News
Vietnam's daily import expenditure surpasses VND25,000 billion
09:30 | 31/10/2024 Import-Export
Vietnam - UAE trade grows to billions of dollars
08:55 | 30/10/2024 Import-Export
Launch of the “Proud of 80 years of construction and development of Vietnam Customs” contest
09:08 | 30/10/2024 Customs
Quang Ninh Customs collects 85.75% of the budget revenue through the seaport area
19:37 | 02/11/2024 Customs
Latest News
Many factors affecting tuna exports in the last months of the year
19:38 | 02/11/2024 Import-Export
Vietnam still dominates Philippine rice import
19:36 | 02/11/2024 Import-Export
Vietnam cements ties with partners to engage in global semiconductor, AI industries
19:35 | 02/11/2024 Import-Export
Aquatic exports expected to rise in year-end despite challenges
19:33 | 02/11/2024 Import-Export
More News
Trade Defense: The Key to Success for Vietnamese Businesses
10:39 | 02/11/2024 Import-Export
Lao Cai Customs sees a triple-digit surge in export-import turnover
10:37 | 02/11/2024 Import-Export
Coconut is expected to become a billion-dollar export item
16:40 | 01/11/2024 Import-Export
Plastic exporters interested in converting to recycling technology
16:36 | 01/11/2024 Import-Export
Logistics sector must embrace innovative trends to stay competitive
16:34 | 01/11/2024 Import-Export
Vietnam’s agro-forestry-aquatic product exports likely to set new record
16:32 | 01/11/2024 Import-Export
UKVFTA greatly benefits Vietnam-UK trade: Experts
14:19 | 31/10/2024 Import-Export
Agricultural exports likely to exceed 60 billion USD amid challenges
14:18 | 31/10/2024 Import-Export
Vietnam-Philippines trade likely to exceed 8 billion USD for first time
14:17 | 31/10/2024 Import-Export
Your care
Many factors affecting tuna exports in the last months of the year
19:38 | 02/11/2024 Import-Export
Vietnam still dominates Philippine rice import
19:36 | 02/11/2024 Import-Export
Vietnam cements ties with partners to engage in global semiconductor, AI industries
19:35 | 02/11/2024 Import-Export
Aquatic exports expected to rise in year-end despite challenges
19:33 | 02/11/2024 Import-Export
Trade Defense: The Key to Success for Vietnamese Businesses
10:39 | 02/11/2024 Import-Export