Vietnam completes deep water port study
The Vietnamese government is currently in the thick of a modernisation drive aimed at fuelling economic growth and the advancement of its economy. The Lach Huyen deep water port is one of 30 key national projects for development in the 2006-10 period.
Industry sources expect approval for the project to be forthcoming over the next few months.
The Vietnam Shipping Lines (Vinalines) will spearhead the development of the port which has a total investment capital in excess of $1.6 billion.
Hai Phong city authorities are calling for both domestic and foreign investment into the project.
The Lach Huyen deep water port is expected to become Vietnam's gate to the world and the transit port hub for the north of Vietnam.
According to the feasibility study, the port will handle 50-60 million tonnes of cargo per year once operational.
Vinalines chief executive officer Duong Chi Dung said that Lach Huyen port will help Hai Phong become a key hub for transshipment. Goods from the western areas of China will have an 800 kilometre (km) shorter itinerary if they transited at Lach Huyen instead of the nearest Chinese port.
Industry sources expect approval for the project to be forthcoming over the next few months.
The Vietnam Shipping Lines (Vinalines) will spearhead the development of the port which has a total investment capital in excess of $1.6 billion.
Hai Phong city authorities are calling for both domestic and foreign investment into the project.
The Lach Huyen deep water port is expected to become Vietnam's gate to the world and the transit port hub for the north of Vietnam.
According to the feasibility study, the port will handle 50-60 million tonnes of cargo per year once operational.
Vinalines chief executive officer Duong Chi Dung said that Lach Huyen port will help Hai Phong become a key hub for transshipment. Goods from the western areas of China will have an 800 kilometre (km) shorter itinerary if they transited at Lach Huyen instead of the nearest Chinese port.