Library project proposal

Authorities in Ho Chi Minh City have proposed the construction of a US$6 billion international transshipment port in outlying Can Gio District. The proposal was made by chairman of the municipal People’s Committee Phan Van Mai in his document sent to Prime Minister Pham Minh Chinh on Thursday. The investment into the port was originally suggested by MSC Group – the world's largest shipping group, Vietnam Maritime Corporation, and Saigon Port. The project is expected to have about 7.2 kilometers of wharves and cost approximately $6 billion. The port will be able to receive the world's largest container ship, which can carry 24,000 twenty-foot equivalent unit (TEU) containers, while its capacity will be around 10-15 million TEUs. The implementation of the project will be divided into seven phases, with the developers hoping that the first phase will be initiated in 2024 and put into operation in 2027. The final phase is expected to be put to use in 2040. The existing Can … [Read more...] about Ho Chi Minh City proposes construction of $6bn int’l transshipment port

Loading goods onto container ships for export at Cai Mep - Thi Vai Port. (Photo: SGGP) The average volume of cargo through HCMC's seaports in the 2015-2020 period is 7.34 percent. In 2021, the throughput of goods through HCMC-based seaport reached 164.19 million tons, an increase of 40.5 percent compared to that of 116.94 million tons in the planning by 2020, exceeding 2.63 percent compared to that of 159.98 million tons in the planning by 2030. Can Gio Wharf area at the Cai Mep Estuary is at a location with favorable natural conditions in terms of channel depth and on international maritime routes that can accommodate container ships with a tonnage of 250,000DWT (24,000 TEUs) operating on routes to Europe, Africa, and America. Therefore, it has all the conditions to establish an international transshipment container port, creating a competitive edge with other countries in the region and a breakthrough in marine economic development for HCMC and the country. Thus, the early … [Read more...] about HCMC proposes investment in international transshipment port in Can Gio District

Authorities in the northern central province of Thanh Hoa are seeking the Ministry of Transport’s approval for a project to expand Tho Xuan Airport. Under the proposal, the VND2.12 trillion (USD86.21 million) project will be carried out in the 2022-2025 period. It includes the construction of Terminal 2 which is designed to have an annual capacity of five million passengers. Tho Xuan Airport The province expects that the ministry will recommend suitable investment forms for the project to seek investors. Tho Xuan Airport has been used for civil aviation activities since February 2013. Its Terminal 1 is serving domestic flights with a yearly capacity of 1.2 million passengers. The airport witnessed a passenger growth of 160 percent between 2013 and 2015 and 17 percent from 2016 to 2020. In the first five months of this year, the airport’s passenger numbers reached 671,000. The figure is expected to reach 1.4 million this year, exceeding Terminal 1’s capacity. … [Read more...] about Thanh Hoa airport expansion proposed

The department said in a report submitted to the Hanoi People’s Committee Thursday that allowing the other vehicles to use BRT (Bus Rapid Transit) lanes would help reduce traffic congestion and improve the effectiveness of traffic infrastructure. As the BRT route from Kim Ma Street to the Yen Nghia Station is part of an urban traffic development project sponsored by the World Bank, an adjustment would require the approval of both the city administration and the World Bank, the department said. It said several sections along the BRT route, including Le Van Luong-Khuat Duy Tien, To Huu-Trung Van and To Huu-Vu Trong Khanh, are prone to traffic congestion. The Le Van Luong-Khuat Duy Tien section, for instance, hosts a construction site for a tunnel, meaning the road area available for traffic is considerably reduced. The proposed adjustment would help reduce congestion, the department argued. The To Huu-Vu Trong Khanh and the To Huu-Trung Van sections are frequently congested … [Read more...] about Hanoi proposes to open BRT lanes for other vehicles

Under the traffic connection plan, Tan Cang - Cat Lai container terminal holds 85 percent of import and export container volume in the Southern region and 50 percent of import and export container volume in the country. The port is at risk of overload due to the high number of containers, heavy traffic congestion on the roads around the port. As of present, HCMC has completed the construction project of a new road linking the port system of Cat Lai-Phu Huu with the HCMC-Long Thanh-Dau Giay expressway and the Ring Road No.3. The street aims to serve for goods transportation and reduce traffic congestion on Nguyen Thi Dinh, Dong Van Cong and Nguyen Duy Trinh roads. The 60-meter wide road with a design speed of 60km/h has 12 lanes and length of six kilometers, departing from Nguyen Thi Dinh, running through Ong Nhieu and Ba Cua canals and ending at the Ring Road No.3. By Thanh Hai – Translated by Kim Khanh … [Read more...] about HCMC proposes construction project of road linking Cat Lai port with expressway

Le Trung Kien, director of the HEZA, awarded an investment certificate to Tien Thanh IZ’s infrastructure development project in Tien Lang district According to Pham Huu Quang Huy, director of the Investment Management Department at the HEZA, in the first half of this year, the city’s industrial and economic zones (IZs and EZs) allured 21 new foreign-invested projects, and 18 existing foreign-invested projects asked for supplemental capital. New foreign direct investment (FDI) volume reached $755.7 million, equal to 56.2 per cent on-year. Up to now, the city’s IZs and EZs attracted 438 foreign-invested projects valued at $22.07 billion in total capital and 195 local ones worth $12.57 billion. Tien Thanh Industrial Zone At the conference, Le Trung Kien, director of the HEZA, awarded an investment registration certificate to Tien Thanh IZ’s infrastructure development based in Tien Lang district. He also granted new investment certificates to three new projects … [Read more...] about Haiphong hails a string of new projects