Vietnam to Invest up to $8 Billion Developing World Class Ports
January 4, 2021
Vietnam is planning significant investments designed to create world class ports in the next phase of its master plan for its port system. Highlighting the country’s success in developing ports over the past 20 years, the Ministry of Transport also said that it plans to invest between approximately $6 and $8 billion by 2030 in the next phase of port development.
Vietnam prioritises development of key seaports
December 31, 2020
Speaking at a seminar on the master plan for Vietnam’s seaport system development in the 2021-2030, with a vision to 2050 held by the ministry’s Vietnam Maritime Administration (VMA) on December 30, Deputy Minister Nhat highlighted the considerable development in both quality and quality of the national seaport system in recent years, saying this basically meets the development goals set in the approved plan. Under the master plan, the volume of cargo handled through ports will be 1.14 – 1.42 billion tonnes a year by 2030. Ports nationwide are set to serve 10.1 – 10.3 million passengers per year.
HCM City to move ports out to ease congestion on roads
December 25, 2020
Ho Chi Minh City will continue to move its ports to its outskirts to ease congestion on roads outside them and build new ones under a national port master plan for 2020-2030.
HCMC seaport planning to go hand in hand with transport infrastructures
December 22, 2020
The People's Committee of Ho Chi Minh City recently submitted documents to the Ministry of Transport to make proposals on the development of HCMC seaports in the master plan for Vietnam's seaport system for 2021-2030 and vision to 2050, aiming to increase cargo transportation by water to reduce burdens on the road and urban transport system.
Wan Hai Lines to enhance China to Vietnam services coverage
November 2, 2020
Wan Hai Lines Ltd. announced its plan to expand its existing service network between China to Southeast Asia by launching a new weekly service from South China to Vietnam on 25th November 2020.
The service, named CV8, will be operated with 3 vessels with an intake of 1,200 TEU. Wan Hai Lines will deploy 2 vessels while Interasia Lines will deploy 1 vessel. The service rotation shall cover Qingdao – Dalian – Tianjin – Ningbo – Xiamen – Cat Lai, Ho Chi Minh – Da Nang – Qingdao.
APMT welcomes largest vessel to call at a Vietnamese port
28 October 2020
APM Terminals (APMT) has said the Cai Mep International Terminal (CMIT), its joint venture with the Vietnam Maritime Corporation and Saigon Port, has welcomed the largest container vessel ever to call at Vietnamese port. In a statement, the terminal operator said near 20,000 TEU A.P.M Moller-Maersk (Maersk) vessel the Margreathe Maersk called at the Port on 26 October 2020.
October 2, 2020
Due to growing container traffic, the Vietnamese government is planning to build another container port on the outskirts of Ho Chi Minh City, with a number of sites under consideration.
Container volumes between East Asia and Southeast Asia, especially Vietnam, have increased due to trade tensions between the US and China, with manufacturers to shifting production from China to Vietnam.
That growth has led to the need for more port capacity. Ho Chi Minh City’s transportation department is reviewing four sites in accordance with the port development plan for 2021 to 2030. The department’s first choice is a site next to Long Tau River in Binh Khanh Commune.
Sept. 17, 2020
European investors have proposed a US$984-million Cai Mep Ha logistics center in the southern province of Ba Ria – Vung Tau. The proposal was made at a meeting among Prime Minister Nguyen Xuan Phuc, Dutch Ambassador to Vietnam Eisbeth Akkerman, Belgian Ambassador to Vietnam Paul Jansen and European investors on September 16.
Sept. 3, 2020
Vietnam’s southern metropolis requires more than VND21 trillion ($906 million) to open 110 inland waterways to traffic over the next 30 years.
As estimated by the city's Transport Department, more than VND4.1 trillion is needed to turn idle canals and river sections, stretching a total 1,000 km (620 miles), into traffic routes and build ports.The yearly maintenance cost for such routes would total VND570 billion, or more than VND17 trillion in 30 years, the department said.
Red River Delta to be logistics centre of the country
Aug 31 2020
According to the master plan for seaports for 2021-2030 with a vision to 2050 drafted by the Vietnam National Maritime Bureau, around VND100 trillion ($4.35 billion) is required for seaport infrastructure. “The annual volume of goods transported through seaports usually increases by tens of percentage points. Two decades ago only 73 million tonnes were transported by seaports, but the volume rose to 654 million last year,” a representative of the bureau said.
August 12, 2020
Kalmar, part of Cargotec, has signed an agreement to supply Saigon Newport Corporation (SNP) with 25 units of the Kalmar Essential Terminal Tractor TL2. The order, which was concluded through Kalmar’s local dealer Unico Vina JSC, was booked in Cargotec’s 2020 Q2 order intake, with delivery scheduled for year-end 2020.
August 6, 2020
Container loading and unloading service charges should be increased to approach the regional level so investors would not feel hesitant when pouring money into developing seaports. The proposal was raised at a recent online conference held by the Viet Nam Maritime Administration to discuss measures to remove difficulties for seaport and marine transportation companies.
August 3, 2020
NYK Line (Vietnam) Co. Ltd. has acquired 15% of total issued shares of Thoresen Vinama Tug Co. Ltd. (TVT hereunder) and entered the tugboat business at Phu My and Cai Mep ports in Vietnam.
NYK made this investment decision after considering the tugboat business in Vietnam, a country that has achieved remarkable economic growth in recent years, and recognizing that the tugboat sector is primed for future growth.
July 21, 2020
According to the People's Committee of Long An Province in the Mekong Delta, three wharves with a total length of 630 meters under the Long An International Port Project have been completed. As plan, wharves No.4, No.5 and No.6 will be respectively built this year and come into operation to receive ships of up to 70,000 deadweight tonnage (DWT) next year.
In addition, investors are also promoting the completion of legal procedures to expand the scale, prepare to build the wharves No.8 and No.9 to accommodate ships of up to 100,000 DWT, increasing the total length of the wharf system up to 2,368 meters, one of the longest international wharves in Vietnam.
July 3, 2020
Doosan Heavy Industries Vietnam (Doosan Vina) on July 2 shipped two Rail Mounted Quayside Cranes (RMQC) cranes to Gemalink International Port in the southern province of Ba Ria-Vung Tau province.
It is the first two cranes out of six units of the orders inked by Doosan Vina and Gemanlink International Port from 2019, and the next cranes will be completed later this year for operating at the Cai Mep-Thi Vai deep-water port in Ba Ria-Vung Tau.
July 1, 2020
South Vietnam’s Cai Mep-Thi Vai container port recently saw the maiden call of 2M’s TP17 service – another milestone in the long-awaited comeback of the much maligned deepwater complex.
The 12,000 teu Seroja Lima was welcomed by the APM Terminals-operated Cai Mep International Terminal (CMIT), the second-largest of the port’s four competing facilities and boasting a 25% share of volumes.
June 18, 2020
A workshop was held in the southern province of Ba Ria – Vung Tau on June 18 to seek ways to develop seaports and logistics services, which are important components of the local economy.
Secretary of the provincial Party Committee Nguyen Hong Linh said from now to 2025, Ba Ria – Vung Tau is going to focus resources on developing modern seaports and related logistics services. It will reserve 20 trillion VND (859.6 million USD) for investing in transport infrastructure linking seaports and regions.
February 27, 2020
The construction of My Thuy International Seaport in the central province of Quang Tri has been kicked off on February 27. The project costs VND14, 234 billion (US$613 million), including VND2, 143 coming from the My Thuy International Port Joint Venture Company and VND12, 091 billion loaned by strategic partners.
The harbor covering on an area of 685 hectares can receive 100,000 – ton ship. It has 10 ports that will be built in three stages, including 4 ports from 2018-2025; 3 ports from 2026-2031; and 3 ports from 2032-2036.
Oct. 24, 2019
The Vietnamese port industry needs further investment to keep pace with the country’s rapid economic growth and reduce logistic costs for businesses.
After two plans (in 1999 and 2009) and one adjustment (in 2014), to date, Vietnam has 45 seaports with total capacity of more than 550 million tonnes per year. Major ports are concentrated in northern Hai Phong city, Danang and Quy Nhon in the central region and Ho Chi Minh City in the south.