Vietnam will need between 360,000-440,000 billion VND (19.5-23.8 million USD) to develop its sea port system by 2020 with a vision towards 2030.

A master plan for sea port development has been approved by the Prime Minister, aiming to increasing the system’s cargo throughput to 500-600 million tonnes per year by 2015, 900-1,100 million tonnes by 2020 and 2.1 billion tonnes by 2030.

In the immediate future, priority will be given to developing several international-standards deep-water sea ports to receive big vessels, including the Lach Huyen port in the northern port city of Hai Phong , the Nghi Son port in the northern central province of Thanh Hoa and the Van Phong port in the southern central province of Khanh Hoa .

The PM in his decision to ratify the plan stressed the need to mobilise all resources in and outside the country for the plan. Capital from the State budget will be used for public infrastructure projects related to seaports such as sand-protection dykes and roads.

Vietnam currently has 39 sea ports./.