Vietnam needs 3.7 billion U.S. dollars for seaport development
Vietnam needs 3.7 billion U.S. dollars to build and upgrade seaports nationwide from now to 2010, local newspaper Vietnam News reported Tuesday.
The country's Maritime Department said that it has identified Van Phong Port in central Khanh Hoa province and Lach Huyen Port in northern Hai Phong city as having the best potential for further developing the domestic maritime sector.
Van Phong Port can currently receive 15,000-TEU (twenty foot equivalent unit) ships, and Lach Huyen Port can act as a transit port for 80,000-ton ships. The two ports are transit destinations for ships from China and throughout the Asia-Pacific, said the department.
Khanh Hoa plans to upgrade five seaports within three years and expected to expand further to have a total area of 400 hectares and capacity of receiving 4.5-million TEU ships after 2020.
Vietnam has allocated state funds of 300 billion Vietnamese dong (nearly 18.8 million dollars) to develop Ba Ngoi Port into a major transit port in the central region.
The country's Maritime Department said that it has identified Van Phong Port in central Khanh Hoa province and Lach Huyen Port in northern Hai Phong city as having the best potential for further developing the domestic maritime sector.
Van Phong Port can currently receive 15,000-TEU (twenty foot equivalent unit) ships, and Lach Huyen Port can act as a transit port for 80,000-ton ships. The two ports are transit destinations for ships from China and throughout the Asia-Pacific, said the department.
Khanh Hoa plans to upgrade five seaports within three years and expected to expand further to have a total area of 400 hectares and capacity of receiving 4.5-million TEU ships after 2020.
Vietnam has allocated state funds of 300 billion Vietnamese dong (nearly 18.8 million dollars) to develop Ba Ngoi Port into a major transit port in the central region.
