Two international container terminals to be built in Hải Phòng

October 04, 2019 - 14:29

Nearly VNĐ7 trillion (US$300.8 million) will be invested on building two international container terminals in the northern city of Hải Phòng’s Lạch Huyện Port next year.

A corner of Lạch Huyện Port in the northern city of Hải Phòng. The port is expected to open terminals 3 and 4. — Photo Vinalines

HÀ NỘI — Nearly VNĐ7 trillion (US$300.8 million) will be invested in building two international container terminals in the northern city of Hải Phòng’s Lạch Huyện Port next year.

The investment has been approved by Prime Minister Nguyễn Xuân Phúc.

Terminal 3 and 4 will have a total length of 750m and be able to receive vessels with tonnage of 100,000DWT. It is being invested by Hải Phòng Port Joint Stock Company, a member of State-owned shipping firm Việt Nam National Shipping Lines (Vinalines).

The project will start in 2020 and be completed by 2025. Terminal 3 will be operational by 2022.

PM Phúc has assigned the Ministry of Planning and Investment to update and complete the project’s assessment report and draft a prime ministerial decision on investment in the two container terminals to be submitted it to him for an official decision.

He also assigned the Ministry of Transport to collaborate with the Hải Phòng People’s Committee and relevant agencies to adjust development planning at local ports, ensuring connectivity for vehicles in the region and working with general infrastructure development planning. — VNS

Tags Vinalines

Incentive mechanisms needed for semiconductor industry: PM

Economy

Hà Nội honours 36 key industrial products

Economy

CPTPP, UKVFTA to boost UK – Việt Nam trade relations

Economy

EVN signs contract for national grid power supply project for Côn Đảo

Economy

Canada Brand campaign begins

Economy

Bình Dương takes advantage of opportunities from EVFTA, UKVFTA

More on this story

Economy

Over 2,500 cyber attacks on Vietnamese websites in Q3

More than 2,500 websites with Vietnamese domains were attacked in the third quarter, meaning Việt Nam stands in 10th in terms of the largest number of cyber attacks in the world.

Economy

OTC-traded bank shares too cheap for purchases

Lack of disclosed information, listing plans and risks of non-performing loans are dragging OTC-traded bank stocks down.

Economy

Expo aims to facilitate VN-Russia bilateral trade

The third Expo-Russia Việt Nam 2019 will return to the capital city from November 14-16, the Việt Nam Chamber of Commerce and Industry (VCCI) said at a press conference here on Thursday.

Economy

World Trade Centre in Bình Dương helps connect enterprises

Under the approval of the WTCA, the Investment and Industrial Development Joint Stock Corporation (Becamex IDC) will construct the complex with an international conference and exhibition centre, hotel, office and a metro station on HCM City’s Metro Line No1.

Economy

SSI holds biggest market shares, TVSI leads on UPCoM

SSI Securities Corporation (SSI) again had the biggest stock-brokering market shares on both Hồ Chí Minh and Hà Nội stock exchanges in the third quarter of the year.

Economy

Banks get more support to cut interest rates

Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Việt Nam (SBV)’s agencies this week.

Economy

Small firms fail to make use of plentiful assistance in HCM City: conference

HCM City has a number of organisations providing assistance and consultancy to small and medium-sized enterprises while banks offer loans on easy terms, but they do not make use of either the consultancy or loans, a conference heard in HCM City on October 3.