$14.2 bln port and logistics project in northern Vietnam seeks planning compliance approval

The Hai Phong Economic Zone Authority is seeking opinion from the Ministry of Construction about whether a proposed VND373,841 billion ($14.19 billion) port and logistics project complies with the national seaport development plan.

Under a document sent to the ministry, the Nam Do Son Port and Logistics Center project in Hai Phong city, proposed by Vingroup, will be the largest project of its kind in Vietnam.

The project will be located in Kien Hai commune and Nam Do Son ward, with a total land area of over 4,319 hectares.

The key components include a port area capable of accommodating vessels of up to 200,000 DWT, with 21 berths (42 wharves/18,900 meters in total length). This area will cover 1,134 ha, with a 189 ha water area in front of the berths.

The second component is land with infrastructure for companies to build industrial facilities, logistics centers, and warehouses (2,878.5 ha).

The project will also develop a shared main road connecting the endpoint of the road behind the state-invested port to the end of the project boundary (117.6 ha).

Vingroup has proposed that by 2030, the port will have a handling capacity of about 2 million TEUs/year. By 2035 and 2040, the figure will rise to around 24 million and about 42 million TEUs/year, respectively.

The logistics area behind the port (providing land with infrastructure for logistics warehouses and administrative/service facilities) will cover about 375 ha by 2030, 1,689 ha by 2035, and 2,015 ha by 2040.

From 2026-2030, the project will develop two berths (900 m in length), a synchronized port hinterland system, logistics center infrastructure covering 535.6 ha behind the port, and about 3.9 km of shared main road.

The 2031-2035 period will see the development of 22 additional berths (9,900 m in length), logistics infrastructure of 1,876.7 ha, and about 8.1 km of shared main road.

From 2036-2040, the project will construct an extra 18 berths (8,100 m in length) and logistics infrastructure of 466.2 ha.

The total investment capital for the Nam Do Son Port and Logistics Center project is VND373,841 billion ($14.19 billion), including VND56,076 billion in investor equity capital. The project is designed to operate with a lifespan of 70 years.

During 2025-2026, the investor plans to carry out preparatory work, including submission for in-principle approval by the Hai Phong People’s Committee, 1/500 detailed planning, appraisal and approval of the feasibility study, environmental impact assessment, technical design, contractor selection, and land lease/allocation procedures.

Construction on the project will commence in 2027. From 2027-2030, the development includes two berths (900 m), port hinterland facilities, 535.6 ha of logistics center infrastructure, and 3.9 km of shared road, with operations expected to commence in 2030.

From 2031-2035, the investor plans to build 22 additional berths (9,900 m), logistics infrastructure of 1,876.7 ha, and 8.1 km of shared main road. Operations are scheduled to start in 2033.

From 2036-2040, it will build 18 more berths (8,100 m in length) and logistics center infrastructure of 466.2 ha, with operations projected from 2038.

Hai Phong has emerged as one of northern Vietnam’s leading manufacturing and logistics hubs. Following its recent merger with Hai Duong province, the expanded Hai Phong now hosts over 15 major industrial parks.

The city is also home to one of northern Vietnam’s largest deep-sea port systems, with annual cargo throughput growing at 12-15%. In 2024, its ports handled 190 million tons of goods, and the figure is expected to rise to 212 million tons by year-end.