Ba Ria-Vung Tau to develop international port worth nearly 230 million USD

Deputy Prime Minister Tran Hong Ha has approved adjustments to the investment policy for the My Xuan International General Port project, which was previously the Vinalines Ship Repair Factory. The project will be undertaken by QTM International Port Joint Stock Company.
aa
Ba Ria-Vung Tau to develop international port worth nearly 230 million USD
The port will occupy a total area of approximately 71.23 hectares with a total investment of 5.73 trillion VND (nearly 230 million 230). (Photo: VNA)

The project will see the construction of the My Xuan International General Port, capable of accommodating ships with a capacity of up to 60,000DWT.

The port will occupy a total area of approximately 71.23 hectares with a total investment of 5.73 trillion VND (nearly 230 million USD). The project is scheduled to be implemented from 2025 to 2030.

According to the plan, signed under Decision No. 200/QD-TTg on January 21, 2025, the International General Port will consist of eight berths divided into two main zones. The first zone, located downstream of the Phuoc An Bridge, will include two wharves with a total length of 840 metres, capable of handling ships of up to 60,000DWT. The second zone, upstream of the Phuoc An Bridge, will feature two offshore wharves with a combined length of 1,055 metres, accommodating ships of up to 30,000DWT.

This port is considered a key project in developing port infrastructure in Ba Ria-Vung Tau. It aims to enhance logistics capabilities, support international trade and stimulate regional economic growth. Once completed and operational, it is expected to become a significant focus for Vietnam's maritime development strategy.

In 2024, Ba Ria-Vung Tau leveraged domestic and international opportunities by focusing on infrastructure development and high-quality workforce training. The province’s strengths in marine economy, international ports, processing industries, renewable energy and green tourism have been increasingly harnessed.

Throughout 2024, the province’s total retail sales of goods and consumer service revenues were estimated at 122 trillion VND, up 13.42% compared to 2023. However, the per capita GRDP in the province was approximately 460.63 million VND per year, a slight 1.3% decline from the previous year, influenced by prices of crude oil and natural gas extraction.

In 2025, Ba Ria-Vung Tau aims to achieve a GRDP growth rate of 10% and industrial production value is projected to increase by 12.81%./.

en.vietnamplus.vn

Đọc thêm

Heineken to shift production from Singapore to Vietnam and Malaysia

Heineken to shift production from Singapore to Vietnam and Malaysia

Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
Lynas secures Vietnam metal processing deal with LS Eco Energy

Lynas secures Vietnam metal processing deal with LS Eco Energy

Australian rare-earths miner Lynas has signed a framework agreement with LS Eco Energy to produce rare earth metals at a new facility in Vietnam.
Vietnam and EU seek to strengthen ties in transport infrastructure and urban development

Vietnam and EU seek to strengthen ties in transport infrastructure and urban development

Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.
Warburg Pincus eyes participation in Vietnam International Finance Centre

Warburg Pincus eyes participation in Vietnam International Finance Centre

Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Novatek eyes expanded LNG cooperation in Vietnam

Novatek eyes expanded LNG cooperation in Vietnam

As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam

EU to mobilise over $1 billion for major infrastructure projects in Vietnam

The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties

NIC partners with TU Berlin to boost Vietnam innovation ties

The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary

ACB proposes $20 million non-life insurance subsidiary

Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
Xem thêm

Mới nhất Đọc nhiều