Vietnam needs $16 bn to upgrade seaport system by 2030

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Vietnam will need nearly 400 trillion VND ($16 billion) to upgrade its seaport system by 2030, a recent workshop organised in Hanoi by the ministry of transport was told. Deputy director of the Consulting Centre for Transport Development Investment (CCTDI) Pham Hoai Chung suggested public-private partnership (PPP) in inland container deport investment, and expanding and diversifying investment forms by involving various economic sectors.

Deputy minister of transport Nguyen Xuan Sang said the domestic seaport system—more than 90 km in length—can handle about 750 million tonnes of cargo each year, according to a news agency.

More than 90 per cent of Vietnam’s exports and imports have gone through the seaports, helping the country ensure its macro-economic stability, Sang said.

Vietnam will need nearly $16 billion to upgrade its seaport system by 2030, a recent workshop in Hanoi was told. Deputy director of the Consulting Centre for Transport Development Investment Pham Hoai Chung suggested public-private partnership in inland container deport investment, and expanding and diversifying investment forms by involving economic sectors

Representatives from localities and enterprises and experts stressed the need to define orientations to utilise the country’s coastline.

Fibre2Fashion News Desk (DS)




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