Business

LHF and PSA will jointly develop four deepwater container berths at Lach Huyen Port in Hai Phong, creating a 4.5-million-TEU gateway aimed at strengthening Vietnam's role in regional and global supply chains.

The 13-km section forms part of a larger transport project linking Ma Da Bridge to Ring Road 4.

The new facility marks a significant step for Vietnam's shipbuilding industry, with production geared towards manufacturing European-standard aluminium vessels for both the domestic market and exports.

Looking toward 2050, the southern city aspires to lead the country in high-tech industries, evolving into a premier center for nuclear research, training, and application in both Vietnam and the broader region.

Once completed, the expressway is expected to significantly reduce travel times and enhance accessibility to Ho Tram from Long Thanh International Airport and major urban centers.

Regarding foreign investment, the High-Tech Law 2025 prioritizes FDI projects that provide core technology transfers and establish deep linkages with local firms, aiming to upgrade national capacity rather than relying on low-cost labor or outdated technologies.