Southern seaport industry attractive to foreign investors

With a series of seaport infrastructure projects being implemented in the Southern Key Economic Zone, the seaport industry is promising in attracting more foreign investment.
Southern seaport industry attractive to foreign investors ảnh 1Illustrative image (Photo: baodautu.vn)
Hanoi (VNA) - With a series of seaport infrastructure projects beingimplemented in the Southern Key Economic Zone, the seaport industry is promising in attracting more foreign investment.
Over the past ten years, numerous foreign investors have poured capital into developing seaportsin Vietnam.

In thesouthern region, Ba Ria - Vung Tau stands as the locality that has attractedthe most foreign investors for constructing seaports, with prominentconglomerates such as PSA of Singapore, APMT of Denmark, Hutchison Port Holdingof Hong Kong (China); and shipping companies like Mitsui O.S.K Line of Japanand Wanhai Lines of Taiwan (China) which are investing in and operating internationalcontainer terminals at TanCang - Cai Mep Port.  

Statisticsfrom the Vietnam Maritime Administration under the Ministry of Transport showed that during the 2011 -2020 period, out of the total investment of 202 trillion VND(8.35 billion USD) in seaports, the investment from enterprises and theState budget accounted for 86% and 14%, respectively. This demonstrates theattractiveness of seaport investment.

Amongthese opportunities, the Can Gio International Port with an estimated investmentof nearly 5.4 billion USD is undergoing the stage feasibility studies. The project wasproposed by the Vietnam Maritime Corporation (VIMC), Saigon Port JSC, and MediterraneanShipping Company (MSC) – the world leaderin global container shipping. The MSC is committed to investing inthe project in an eco-friendly model and utilising the port for cargotransport.

Long An,which borders Ho Chi Minh City, is also focus on developingseaports, aiming to become a gateway and a hub for cargo transshipmentconnecting localities in the Mekong Delta region with the southern metropolis.

In 2015, Dong Tam Group (DTG) started the construction of Long An International Port, andits first phase was inaugurated in September 2020. Container operation commencedat the port in the second quarter of 2023.

Vo QuocThang, Chairman of the Board of Directors of DTG, stated that the remainingitems of Long An International Port will continue to be invested and will becompleted by June next year.

Along withseaport projects, river port ones have also attracted the interest of manyinvestors. In June 2023, the Department of Planning and Investment of BinhDuong province called for investment in the An Tay River Port project worthnearly 2.28 trillion VND with a total area of 100 ha.

The southernlocality aims to develop the An Tay River Port into a centre for the transshipmentof goods from industrial zones in the Central Highlands for transporting to HCMCity.

Rightafter Binh Duong announced the construction of the An Tay River Port, severalforeign corporations considered investing in logistics centres there. Recently,representatives of A.P. Moller Maersk Group of Denmark and the People'sCommittee of Binh Duong province had a working session to discuss investmentplans in developing large-scale warehouses and logistics centres in the locality./.
VNA

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