July 26, 2023 | 07:00 GMT+7

$1.3bln from State budget to go to developing seaports

Anh Tú -

Vietnam’s seaport network expected to be able to handle 1,140-1,423 million tons of cargo by 2030.

The government will prioritize investment from the State budget in 29 seaport projects totaling over VND31 trillion ($1.3 billion) in the 2021-2030 period with a vision to 2050.

This is part of a plan approved by Deputy Prime Minister Tran Hong Ha on implementing master planning for the development of Vietnam’s seaport network in the 2021-2030 period with a vision to 2050.

Among projects, the dredging of the Nam Do Son wharf area and dyke in northern Hai Phong city needs the largest volume of capital, at VND8 trillion ($337 million), to be implemented in 2026-2030.

Under master planning, the country’s seaport network is to handle 1,140 to 1,423 million tons of cargo, including 38 to 47 million TEUs of container cargo, and cater to 10.1 to 10.3 million passengers by 2030.

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