Port operator wants to build two container berths in HaiphongLe Anh A corner of Haiphong Port. PHOTO: TL HCMC – Haiphong Port JSC has just asked the Transport Ministry for approval to build two more container berths at Lach Huyen International Gateway Port in the northern coastal city of Haiphong to handle bigger vessels. The company suggested developing two berths of 375 meters in length each to accommodate vessels of 100,000 DWT, and a barge terminal for domestic cargo containers. The project requires an estimated investment of VND6.9 trillion (US$305 million), 45% of which would be funded by the company and the rest by bank loans. If the ministry gives the company the go-ahead, it would work on the project right from the second quarter of this year for completion in 2020. In addition to meeting goods transport demand, the new container ports are expected to help Haiphong Port JSC and Vietnam National Shipping Lines (Vinalines) play their key roles in the maritime … [Read more...] about Port operator wants to build two container berths in Haiphong
Haiphong
Haiphong as epicentre of investment in north Vietnam
Deep C Industrial Zones lie in the heart of the Red River Delta highways and a modern deep seaport system The seminar followed recent major infrastructure developments in the northern city of Haiphong involving intermodal transport (seaway, airway, road, waterway, and railway) that are game changers for foreign direct investment attraction and economic growth of both Haiphong and the northern region. Haiphong is home to the biggest deep sea port in northern Vietnam, Haiphong International Gateway Port or Lach Huyen Deep Sea Port. Haiphong International Container Terminal, a joint venture between local company Saigon Tan Cang Port and its partners–Mitsui OSK Lines, Wan Hai Lines, and Itochu Corporation–will develop the first two container berths. With a draft of 14 metres, vessels with a capacity of 14,000 twenty-foot equivalent units (TEU) will be able to make calls at Haiphong, which is a significant improvement compared to the existing 2,000 TEU port. Once put into use … [Read more...] about Haiphong as epicentre of investment in north Vietnam
Haiphong boosts FDI attraction through key infrastructure connectivity
With the recent major infrastructure developments, the northern city of Haiphong has stepped up its game for FDI attraction to drive economic growth. Key infrastructure developnments are a gamechanger for Haiphong city The information was stressed at the Haiphong Investment Seminar organised by Eurocham and DEEP C Industrial Zone with the support of KPMG and Saigon New Port. The seminar gave an insight into the investment climate and potential business opportunities at Haiphong city. The development of Haiphong International Gateway Port, also known as Lach Huyen Deep Sea Port, is a recent key infrastructure project in the city. Haiphong International Container Terminal, a joint venture between local company Saigon Tan Cang Port and its partners Mitsui OSK Lines, Wan Hai Lines, and Itochu Corporation, pioneer the deepest seaport in the north of Vietnam. With a draft of minus 14 metres, vessels with a capacity of 14,000 TEU will be able to make calls to Haiphong, a significant … [Read more...] about Haiphong boosts FDI attraction through key infrastructure connectivity
Haiphong to step up infrastructure
Cat Bi International Airport is a highlight in Haiphong’s infrastructure development Infrastructure acts as a key element leveraging traffic connections and comprehensive development co-operation between Haiphong and three other localities of the economic corridor, namely Lang Son, Hanoi, and Quang Ninh. The spotlight of Haiphong’s traffic linkages comes from three completed infrastructure projects that are now in use: Hanoi-Haiphong Expressway, Tan Vu-Lach Huyen Highway, and Dinh Vu-Cat Hai Bridge. These projects facilitate the connection to Hanoi-Lao Cai Expressway, shortening the travel time between the northern province of Lao Cai and Haiphong International Gateway Port (HIGP) to some six hours. Haiphong’s port area is a key driver of the development co-operation of the five localities that make up the Vietnam-China economic corridor: Lao Cai, Hanoi, Haiphong, Quang Ninh, and Yunnan (China). The Haiphong port area works as both the main sea trade gateway of … [Read more...] about Haiphong to step up infrastructure
Haiphong attracts more than $900 million in FDI
The foreign direct investment (FDI) inflow to the northern port city exceeded $916 million in Q1 of 2018, more than tripling the figure from the same period last year. Engineering products are manufactured at the Japan-invested RK Engineering Co in Haiphong’s Dinh Vu- Cat Hai Economic Zone. Photo: VNA The latest additional inflow has brought the FDI registered in Haiphong to a total of up to $15.44 billion, local authorities have said, adding that foreign-invested projects in the city mostly operate in mining, footwear, textiles and the plastic industry. The municipal People’s Committee chairman Nguyen Van Tung attributed this positive result to the city’s ongoing efforts to foster administrative reforms, improve its investment climate, accelerate investment promotion and resolve difficulties for investors in implementing their projects here. The city has requested the relevant departments to review lists of industrial projects calling for investment and … [Read more...] about Haiphong attracts more than $900 million in FDI