Ministry to utilise waterways for trade

Jun 26th at 11:08
26-06-2015 11:08:59+07:00

Ministry to utilise waterways for trade

Transport productivity along the country's waterways is expected to increase by 72 per cent, thanks to the construction of ports and harbours, and dredging work along the Cuu Long (Mekong) Delta.

 

According to a Transport Ministry plan, the delta's waterway will eventually be able to handle 83 million tonnes of cargo a year. The five-year plan primarily focuses on developing needed logistics infrastructure.

Deep seaports will be added to the Mekong Delta to meet the needs of increased activity, like accommodating more container vessels. Dredging work will continue to widen waterways leading to ports.

Upgrades to Can Tho Port will increase capacity to 650,000 tonnes a year and will accommodate 10,000-tonne ships. Another of the city's ports, Tra Noc, will get two more piers.

Cai Cui Port, also in Can Tho City, will begin the second phase of construction on four piers that will be able to dock 20,000-tonne ships. As much as 2.5 million tonnes of cargo could pass through its harbour in a year.

City authorities will move the Ninh Kieu harbour (for passenger ship) elsewhere to make way for other cargo ships. They will also construct an on-sea transit harbour near Dinh An estuary, welcoming 60,000-tonne ships.

The ministry has a variety of projects underway or planned.

The dredging of a 34km man-made canal recently finished, creating a shortcut from the East Sea to the city via Tra Vinh Province. The canal will reduce pressure on waterways connecting the delta and HCM City.

Construction, upgrading and dredging work will take place at various delta locations, including a buffer zone between Bac Lieu and Ca Mau provinces, the Plain Reefs, and the Long Xuyen Quadrangle in Dong Thap and An Giang provinces.

The ministry organised for upgrade work to a 253km corridor connecting Kien Giang to HCM City, and a 148km corridor linking Ca Mau to HCM City.

According to a ministry report, there is huge economic potential in the delta's waterway transport network. With a 700km-long coast and a 23,000km-long canal transport system, the delta constitutes 70 per cent of the country's total waterways.

A report by the Viet Nam Maritime Administration said 80 per cent of cargo transported to and from the delta, also called the southwestern region, had to stop at ports in the southeastern region, in HCM City, Ba Ria – Vung Tau and Dong Nai provinces.

The east to west transit resulted in an additional US$10 cost for each tonne of cargo and exerted more pressure on the roads. The ministry's big plans were drafted in order to improve the situation.

bizhub



NEWS SAME CATEGORY

EU warns FTA means VN reform

Once the Viet Nam-EU free trade agreement (FTA) is signed, Viet Nam will need to renovate its economic policies and institutions and be prepared for agreement...

VN has SE Asia's most curious shoppers

Consumers in Viet Nam show a strong affinity for brands investing in new product development and are among the most likely regionally to try new product offerings...

HCM City talks VN-Korea FTA

The Viet Nam-Korea Free Trade Agreement, which was signed earlier this month, is expected to more than double bilateral trade by 2020, officials said at a seminar...

Foreign holding companies evade tax through trade fraud

Many foreign invested enterprises (FIEs) established in Vietnam have helped their holding companies commit trade fraud.

Luxembourg invests $1.04 billion in Vietnam media

Luxembourg has two investment projects in the field of information and communications in Vietnam with total capital of $1.02 billion USD, taking the lead in this...

Yearly inflation to meet set target: statistics office

Vietnam posted a 0.55 percent increase in the consumer price index (CPI), an indicator of inflation growth, in the first six months of 2015 compared to late 2014...

CPI increases 0.86% in first half of 2015

Consumer price index (CPI) in the first half of this year increased by 0.86 per cent over the same period last year, the General Statistics Office reported on June...

Show promotes exports to S. Korea

Many of Viet Nam's typical products like fruits and other agricultural products, seafood, garments, plastic, and handicrafts are on display at Lotte Mart Saigon...

VN, Russia trade may hit $10b by 2020

The bilateral trade between Viet Nam and Russia is expected to reach US$10 billion by 2020, following a Free Trade Agreement between Viet Nam and the Eurasian...

Greater Mekong Sub-Region poised to be attractive tourism destination by 2020

Member countries of the Greater Mekong Sub-Region (GMS) have targeted to lure over 70 million tourists to the area to generate income of about US$90 billion...


MOST READ


Back To Top