Vietnam will need about 313 trillion VND (13.7 billion USD) to develop a modern seaport system between now and 2030, and the funding will mostly come from non-budget sources.
Vietnam’s master plan on developing domestic seaport network over the next 10 years, with a vision to 2050, will focus on the development of six major port clusters, Minister of Transport Nguyen Van The has said.
Vietnam’s seaports are set to handle about 1.14-1.42 billion tonnes of cargo, including 38-47 million TEUs of container goods, and welcomed 10.1 – 10.3 million passengers annually by 2030, according to a freshly approved master plan.
The planning of Vietnam's seaports for the next decade sets a target of creating a breakthrough in the seaport system and the attraction of more foreign investment.
Vietnam’s seaports handled in excess of 537.7 million tonnes of goods in the first nine months of the year, posting a year-on-year rise of 3 percent, according to the Vietnam Maritime Administration.
The development of seaports is to be prioritised over the next three decades to meet increasing demand in shipping services, according to Nguyen Xuan Sang, director of Vietnam Maritime Administration under the Ministry of Transport.
Careful consideration is needed before increasing seaport services charges to limit negative impacts on the economy during the COVID-19 pandemic, according to the Vietnam Maritime Administration.
The People’s Committee of the south central province of Binh Dinh has proposed the Ministry of Transport and the Vietnam Maritime Administration withdraw two local ports from master planning for seaport development in 2021-2030.
Adjustments to the master plan for central Da Nang city to 2030 and vision to 2045 approved recently by the Prime Minister are believed to “open the door” for it to map out its vision and orientation for the future.
The Republic of Korea (RoK)’s Incheon Seaport Corporation announced on May 24 that it has begun tapping a new container route from Incheon port to ports in Thailand and Vietnam.
Removing bottlenecks in transport infrastructure and policy mechanisms is considered an important solution to help cut logistics costs and improve the competitiveness of Vietnamese businesses and goods in the time to come.
Prime Minister Nguyen Xuan Phuc has asked relevant ministries, agencies and the southern province of Ba Ria – Vung Tau to develop the seaport and logistics system at Cai Mep – Thi Vai area to meet regional standards by 2030 towards becoming a world-class seaport hub in the world by 2045.
Leaders of the southern coastal province of Ba Ria-Vung Tau have warned they will revoke delayed seaport projects in the province and give them to better investors.
Dong Tam Group (DTG) has announced that it is completing the remaining legal procedures for expanding the Long An international port, enabling its berths No. 8 and No.9 to receive 100,000DWT ships.
The central province of Quang Binh is planning to spend more than 2.2 trillion VND (95.6 million USD) on completing its coastal road system from now to 2026.
Vietnam welcomed two foreign commercial vessels, STARSHIP URSA of Marshall Island and CMA CGM J. ADAMS of Malta, to ports in Ho Chi Minh City and the southern province of Ba Ria – Vung Tau on February 12, which fall on the first day of the Lunar New Year, according to the Vietnam Maritime Administration (VINAMARINE).
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