Quang Tri attracts investment in logistics
Quang Tri attracts investment in logistics
Quang Tri Province is calling for investment in logistics and accelerating infrastructure constructions at border crossings and seaports, aiming at becoming a centre for product transshipment on the East-West Economic Corridor (EWEC).
Lao Bao International border gate from the Viet Nam side. — VNA/VNS Photo |
EWEC connects with two seaports: Cua Viet and My Thuy seaports, and the main South-NorthEast maritime traffic systems.
Cua Viet seaport has a capacity of over 1.1 million tonnes of cargo annually. The logistics infrastructure attracts investment through the extension of shipyards, which will be more than 11 hectares and be finished by 2024.
My Thuy seaport has a total investment of VND14.200 billion with ten shipyards in 685 hectares. It also has a shipyard to transship goods from Myanmar, Laos, and Northeast Thailand through La Lay international border gate.
Moreover, Quang Trinh Province and Sanvannakhet (Laos) cooperate to build Lao Bao-Densavan joint cross-border Economic-Commercial Zones in 2024. The project has attracted numerous domestic and foreign enterprises to do surveys and propose investment plans.
According to the draft of the pilot project to build the cross-border Economic-Commercial Zones, the investment source mainly comes from enterprises in the form of public-private partnerships (PPP).
The province also lures investment in logistics in the Southeast Economic Zone of Quang Tri.
The logistics service centre project in the Southeast Quang Tri Economic Zone has an investment capital of over VND2 trillion (US$85.2 million) covering nearly 71 hectares and has been implemented from 2020 to 2025.
It aims to be a service centre for freight forwarding and storage, consignment supervision, and transportation of goods.
According to the representative of the People’s Committee of Quang Tri Province, they have encouraged investment in the logistic project and boosted the infrastructure at Lao Bao and La Lay international border gates.
