The Hai Phong Port JSC will invest VND6.9 trillion ($291 million) in building container terminals No. 3 and No. 4 at the Hai Phong International Gateway Port at Lach Huyen Port, to berth large vessels.

With a total length of 750 meters and a width of 50 meters, the two terminals will be able to berth 160 TEU (3,000 DWT) vessels.

The project’s total area is 47 ha.

Approved by the Prime Minister on January 9, 2019, the project is scheduled to be completed and put into operation in the fourth quarter of 2024.

Lach Huyen Port will then have six container terminals.

The Hai Phong Port JSC targets revenue of VND2.54 trillion ($107 million) in 2023, a year-on-year rise of 8 per cent.