Vietnam National Shipping Lines (Vinalines) is seeking approval from the Government of Vietnam to develop two container terminals at Lach Huyen Port in northern Hai Phong City.
The terminals, No 3 and 4, will be built by Vinalines subsidiary Haiphong Port with an investment of $299m.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Haiphong Port used to primarily operate at Hoang Dieu terminal, which has been acquired for the construction of an urban area, requiring Haiphong Port to operate from new facilities.
Once developed, the proposed terminals will have a total length of 750m and will be able to handle vessels of up to 8,000 twenty-foot equivalent units (TEU).
According to Vinalines director Nguyen Canh Tinh, the proposed investment in the terminals would be a strategic step for the company to achieve its goal of handling approximately 30% of cargo across the country’s ports by 2020.
The investment is also expected to help Lach Huyen become a modern port complex and the only one in the northern part of Vietnam that can accommodate ships with a capacity of up to 150,000t.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe port intends to include nine terminals with a total length of 3,000m by 2020.
Vinalines and Haiphong Port plan to develop a 250ha logistics centre in the port area to optimise the handling, storage, processing, and distribution of cereals.
In May, Haiphong Port sent a document to Vietnam’s Ministry of Transport proposing to build the terminals.
Subject to receipt of approval, the project is expected to be developed this year.
