Vietnam’s deep-sea ports to be developed by 2020

The Vietnam Maritime Administration has proposed to develop deep-sea ports in the northern city of Hai Phong, the southern province of Ba Ria – Vung Tau, and the Van Phong Port in the central region as standard access ports for ships of 100,000 DWT from now until 2020.

“Many large shipping companies throughout the world, including Denmark's Maersk A/S, Hong Kong's Hutchison Whampoa Limited, and UAE's DP World, have taken an interest in Vietnam's seaports., ” chief of the Vietnam Maritime Administration Nguyen Nhat told Giao Thong (Transport) newspaper.

He added that the country's seaport system still had many shortcomings, such as a lack of comprehensive development and management of infrastructure of seaports, ineffective development and utilisation of the potential of seaports.

According to the Portcoast Consultant Corporation under the Ministry of Transport, which is in charge of the review, total fund for investment in the development of Vietnam's seaport system by 2020 is estimated to reach VND 200 to 280 trillion (USD 9.5 to 13 billion).

The amount of capital needed for investment in public infrastructure of seaports will account for 45 per cent of the total, worth about VND 90 to 120 trillion (USD 4.2 to 5.7 billion).

The remaining money will be spent on the development of wharf infrastructure facilities.