Under the Prime Minister’s Decision No. 1579/QD-TTg dated September 22, 2021, approving the overall master plan for the development of Vietnam’s seaport network in the 2021-2030 period and vision towards 2050, Tran De Port in Soc Trang province has been singled out for investment priority.

The network comprises five groups of 36 seaports, in which Tran De Port belongs to a group of 12 seaports in localities in the Mekong Delta such as Can Tho, Dong Thap, Tien Giang, Vinh Long, Ben Tre, An Giang, Hau Giang, Soc Trang, Tra Vinh, Ca Mau, and Bac Lieu.

By 2030, these seaports are expected to handle 64-80 million tons of goods and cater to 6.1-6.2 million passengers annually.

The Prime Minister’s Decision No. 287/QD-TTg dated February 28, 2022, approving the Mekong Delta’s planning for the 2021-2030 period and vision to 2050, stipulates that Tran De Port is to develop into a special deep-water seaport, playing the role of a gateway in the region. The seaport will be capable of berthing vessels with a capacity of between 100,000 and 160,000 DWT.

Soc Trang province is now seeking private investment in the port and offering a range of incentives. Investors will enjoy a preferential tax rate of 10 per cent for ten years, tax exemptions for four years, and a 50 per cent reduction on payable taxes for the following nine years, as well as exemptions on land and water surface rentals for the entire leasing period, among others.

The project covers a total area of 4,550 ha.