An estimated VND312.6 trillion ($13.07 billion) is needed for investment in Vietnam’s seaport network during the 2021-2030 period, according to the Ministry of Transport (MoT).

Priority will be given to projects upgrading channels for large ships and building large ports.

This is part of the detailed master planning for seaports, wharves, floating terminals, and water areas during the 2021-2030 period with a vision to 2050, which MoT has submitted to the Prime Minister for consideration.

The plan will give priority to upgrading the Cai Mep - Thi Vai marine navigation channel to cater to vessels with a capacity of 18,000 TEU, and channels for large ships to enter the Hau, Van Uc, and Chanh Rivers by 2025.

Investment will also go to developing international gateway ports, international passenger ports in association with tourism development, and large-scale ports serving socio-economic development.