HANOI, March 30 (Xinhua) -- Vietnam's seaport system would need an investment of 312.6 trillion Vietnamese dong (13.3 billion U.S. dollars) by 2030 to meet its growing demand for exports and imports, Vietnam News Agency reported on Thursday.
The master plan with vision towards 2050 laid out by the Ministry of Transport emphasizes fundraising from the private sector to develop seaports and improve public maritime infrastructure.
Policymakers plan to allocate 78 percent of the required funds to developing port facilities and the rest would go to infrastructure construction.
Vietnam currently has 296 active ports with a combined berthage of 107 kilometers, ranging from the small Vung Ro seaport in the central province of Phu Yen with just over 160 meters of wharfage to the dual-site Saigon Port in the south, which has 3,000 meters of wharfage.
According to the government's plan, a number of hub ports across the country will be built to handle container vessels of up to 400,000 deadweight tons of liquid cargo and 300,000 deadweight tons for coal and ore.
The master plan includes expanding the Van Phong International Transshipment Terminal in the south-central province of Khanh Hoa for big container vessels of up to 24,000 TEU (twenty-foot equivalent units).
The transport ministry also laid out a detailed plan to invest in public seaport infrastructure such as breakwaters, dredging, channel construction, and road connections.
Vietnam has developed international gateway ports in the northern and southern regions with 34 shipping routes including 11 routes in Asia, three to Europe and 20 to America. Enditem
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