16.08 billion USD needed to upgrade seaport system: workshop

Vietnam will need nearly 400 trillion VND (16.08 billion USD) to upgrade its seaport system by 2030, heard a workshop held by the Ministry of Transport in Hanoi on November 8.

16.08 billion USD needed to upgrade seaport system: workshop -0
Vietnam will need nearly 400 trillion VND (16.08 billion USD) to upgrade its seaport system by 2030. (Photo: VNA)

(VNA) – The workshop looked into the detailed planning scheme of seaports, harbours, wharves, floating terminals and water areas and another planning scheme of the inland container deport system in 2021-2030 with a vision to 2050.

Deputy Minister of Transport Nguyen Xuan Sang said the domestic seaport system, with more than 90km in total length, can handle about 750 million tonnes of cargo each year.

More than 90% of Vietnam’s exports and imports have gone through the seaports, helping the country ensure its macro-economic stability, the official added.

Seaports have been formed at northern and southern gateways like Lach Huyen in northern Hai Phong city than can handle ships of up to 132,000 DWT and Cai Mep in southern Ba Ria-Vung Tau province which is designed to sustain ships of up to 214,000 DWT.

Deputy Director of the Consulting Centre for Transport Development Investment (CCTDI) Pham Hoai Chung said Vietnam has put 10 inland container deports into service.

The facilities and inland clearance deports are located along the five out of the 15 economic corridors and zones included in the planning scheme, and handle about 4.2 million TEUs of cargo each year.

Chung suggested public-private partnership (PPP) in inland container deport investment, and expanding and diversifying investment forms with the involvement of different economic sectors.

Representatives from localities and enterprises and experts stressed the need to define orientations to utilise the country’s coastline.

Sang asked localities to uphold their responsibility in planning, saying local budget should continue to be used in maritime infrastructure development.

Economy

Vietnam's potential promoted to Mexican businesses
Economy

Vietnam's potential promoted to Mexican businesses

A delegation from the Vietnamese Embassy in Mexico led by Ambassador-Designate Nguyen Van Hai has paid a working trip to Guanajuato state to explore opportunities for cooperation between Vietnam and Mexico, as well as between Vietnamese localities and Guanajuato. ​

Localities report progresses in IUU fishing combat
Economy

Localities report progresses in IUU fishing combat

Coastal localities nationwide have implemented practical and effective activities and specific measures, demonstrating their determination to join the nation’s efforts to have the “yellow card” that the European Commission (EC) has imposed on Vietnamese seafood regarding illegal, unreported, and unregulated (IUU) fishing lifted in 2024.

Da Nang Hi-Tech Park attracts 177-million-USD FDI project
Economy

Da Nang Hi-Tech Park attracts 177-million-USD FDI project

The Da Nang Hi-Tech Park continues to strengthen its position as a leading investment hub with the recent in-principle approval of a 177-million-USD project by Dentium Co., Ltd., from the Republic of Korea (RoK).This significant investment brings the total registered foreign direct investment (FDI) in the park to 875.2 million USD, spanning 13 projects.

UNGA President congratulates Vietnam on re-election to UNCITRAL
Economy

UNGA President congratulates Vietnam on re-election to UNCITRAL

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN), had a meeting in New York on November 21 with President of the 79th session of the UN General Assembly (UNGA) Philemon Yang who congratulated Vietnam on the country’s re-election to the UN Commission on International Trade Law (UNCITRAL) for the 2025-2031 term.