The People’s Committee of Gia Lai province in central Vietnam has approved the investment policy for the first phase of the Phu My Port project, with total investment capital exceeding VND6 trillion ($228 million).

Phu My Investment Corporation has been licensed as the project’s investor.

The port will span 205 hectares, comprising 60 hectares of land and 145 hectares of water surface.

In its first phase, Phu My Port will be capable of accommodating vessels of 100,000–150,000 tons.

Construction is slated to begin in September 2026, with operations expected to start by October 2028.

By 2030, the port’s annual cargo throughput is projected to reach 3.8–4.4 million tons, enhancing the region’s logistics capacity and supporting economic growth.