Seaports to foster south-central region economic development

Sep 9th at 09:51
09-09-2020 09:51:58+07:00

Seaports to foster south-central region economic development

The construction of a series of seaports in the south-central region is expected to drive its maritime economic development, according to local government leaders.

 

Luu Xuan Vinh, Chairman of the Ninh Thuan Province People's Committee, said the VND1.463 trillion (US$63.1 million), 108ha Ca Na Sea Port Complex, whose construction began last month in Thuan Nam District, would play an important role for the locality and region, fostering economic development and attracting investment.

In phase 1, it was designed to handle 3.3 million tonnes of cargo a year. It would have two wharves capable of berthing ships of up to 70,000-100,000 DWT and another with 20,000DWT capacity.

One of the two former wharves would be completed by the end of 2022 and the other in October 2025.

The smaller wharf was scheduled to be completed in August 2026.

"The port will [help] merchandise exports, contribute to attracting investment and serve the needs of production and processing projects in industrial parks and industrial clusters in Ninh Thuan Province and the south-central and Tay Nguyen (Central Highlands) regions,” Vinh said.

“It will play an important role in supporting the transport of equipment for renewable energy projects such as wind and solar power projects in the province.”

Neighbouring Binh Thuan Province plans to build the Son My international port in the commune of the same name in Ham Tan District.

It will have a specialised wharf for liquefied natural gas (LNG) that can handle ships of up to 100,000DWT, an international passenger wharf that can berth ships of up to 225,000 GRT and a general berth capable of handling ships of up to 50,000 DWT.

Binh Thuan Province also plans to build a specialised LNG port with a capacity of up to 170,000 DWT in Tan Thanh Commune, Ham Thuan Nam District, to serve the gas-fired power plant in Mui Ke Ga.

Among the south-central provinces, Khanh Hoa has the largest number of ports: 16.

Hoang Dinh Phi, head of the management board of the province’s Van Phong Economic Zone, said Nam Van Phong Port in Ninh Hoa town opened recently to serve the south-central and Central Highlands regions.

It can dock ships of up to 70,000DWT now and 100,000DWT in the near future.

Meanwhile, Bac Van Phong Port is under construction in Dam Mon, Van Ninh District. One wharf that can handle ships of up to 50,000 DWT has been completed.

Mai Dinh Vu, chairman of Van Phong Port Company Limited, said though the port had yet to be completed, it had already received many foreign ships. With a rising number of cargo vessels of 50,000-70,000DWT registering to enter the port his company was seeking to increase the capacity of the remaining two wharves to improve the port’s efficiency.

According to the Ministry of Transport, the south-central region will have five key ports.

Quy Nhon Port in Binh Dinh Province is a major national port with 18-20 million tonnes of goods passing through it annually. Vung Ro Port in Phu Yen handles 5.8 - 6.3 million tonnes a year. Ninh Thuan Port has a cargo throughput of 15.8 -17.5 million tonnes.

Khanh Hoa Port handles 15.9 - 18.6 million tonnes of goods a year. 

bizhub



NEWS SAME CATEGORY

Viet Nam urged to improve infrastructure to attract more FDI

Viet Nam needed to improve its infrastructure in order to attract more FDI, a webinar heard on Monday.

Vietnam 2020 government debt to stay in line with current sovereign rating: Fitch

Fitch Rating is still maintaining its growth forecast for Vietnam at 2.8% in 2020 and 7.5% in 2021, despite the Covid-19 resurgence in late July.

Tiki and Sendo see traffic plunge in second quarter

Tiki and Sendo experienced a fall in traffic over the second quarter of 2020, going against the online shopping trend fuelled by COVID-19.

Vietnam large enough for relocation plans of Japanese investors

Vietnam has been carefully preparing its infrastructure, human resources, and incentive policies to welcome foreign investors, including Japanese ones, looking to...

Japanese enterprises mull over relocation of manufacturing to Vietnam

Many Japanese enterprises expressed interest in relocating their manufacturing to Vietnam at a meeting with Vietnamese Prime Minister Nguyen Xuan Phuc in Hanoi on...

Central city calls for $2 billion investment in 2021-25

Da Nang has called for total investment of VND47.5 trillion (US$2 billion) from the State Budget and foreign sources for the development of 38 projects between...

Nearly 50% of firms in Vietnam forced to lay off workers in Covid-19 resurgence

Only 2% of enterprises in Vietnam are immune from the pandemic.

UK shows tremendous interest in Asia-Pacific, including Vietnam

The UK government and businesses are showing attention to the Asia-Pacific region, including Vietnam, as a promising destination and are now promoting free trade...

Hanoi to host Indo-Pacific Business Forum 2020

The forum is part of the US's efforts to boost economic presence in the region.

Standard Chartered online forum highlights Vietnam as rising star in FDI

As a promising land for improvement, development, and mobilising FDI, Vietnam could grow into the most advanced country in the region, even surpassing Thailand and...


MOST READ


Back To Top