The Vietnamese Government is building an international transhipment port in the southern central province of Khanh Hoa at a cost of $3.6bn.

The Van Phong international transhipment port will be built under the national port development plan by Vietnam National Shipping Lines, according to state media.

Two wharves with a total length of 690m will be built on an area of 42ha during the first phase of the project, according to the plans.

On the completion of the first phase, expected to be in 2015, the port will be capable of handling cargo of 710,000TEU a year and accommodating container ships with a capacity of 9,000TEU each.

The port is planned for completion in four phases by 2020 and will have 37 wharves with a total length of 12,590m, capable of handle cargo of between 14.5 and 17 million TEU a year.