Quang Nam to open Tam Hiep-Incheon sea route
Quang Nam to open Tam Hiep-Incheon sea route
This central province will launch the first Chu Lai-Korea sea route this month, connecting Tam Hiep Port and Incheon Port in Korea.
The move comes as part of crucial preparations for the Trans-Pacific Partnership, with investment flows anticipated from Korea and Japan.
Director of Chu Lai Open Economic Zone Authority (EZA) Do Xuan Dien said Tam Hiep Port, part of the Chu Lai–Truong Hai logistics and port service unit in Nui Thanh District, will allow access for 20,000-DWT (deadweight tonnage) cargo ships or ships with a capacity of 1,000 TEUs (twenty-foot equivalent units), receiving one ship per week.
He said the EZA, which is one of five coastal economic zones in the country, in co-operation with the Korean Textile Association, had drawn investment from the textile and tourism industries in Korea.Dien said the zone also plans to open sea routes from Ky Ha Port to Busan, Hong Kong and Singapore and to upgrade Chu Lai Airport to allow more international flights.
According to the provincial ports administration, Quang Nam spent VND523 billion (US$23.2 million) to dredge and upgrade the port and marine access, while the Truong Hai Auto Company (Thaco) will promote the route and offer international shipping partnerships.
The new international sea route will serve businesses operating in industrial zones for textiles, garments and supporting industries, automobiles, logistics and exports.
In 2014, Thaco launched the HCM City–Chu Lai sea route and logistics service at the Chu Lai–Truong Hai logistics and port service, which covers an area of 173ha, with a total investment of $24.5 million.
It also provides a two-way shipping route to Hong Kong, Thailand, Singapore and Malaysia as well as domestic ports.
In its latest report, Chu Lai Open EZA declared 109 investment projects, of which 29 are FDI projects, with combined registered capital of more than $1.52 billion.
