Central Vietnam province Gia Lai greenlights $228 mln sea port

Gia Lai province authorities on Wednesday granted in-principle approval for the first phase of Phu My port project, worth over VND6 trillion ($228 million), with an aim to shape up an industrial-sea port hub in the future.

The facility will span some 205 hectares in Phu My Dong commune, including 60 hectares of land and 145 hectares of sea surface. Its construction is scheduled to be commenced in September next year, with operation expected by October 2028.

It will be directly connected to Phu My Industrial Park, facilitating the transport of goods, materials, equipment, containers, and liquid or gas commodities.

The port's strategic positioning will create direct connectivity with the Phu My Industrial Park, facilitating the seamless transport of goods, materials, equipment, containers, and liquid cargo.

This integration will address the growing demand for production and transport services within the industrial park while enhancing regional transport networks and boosting maritime logistics capacity.

By 2030, Phu My port is expected to handle between 3.8-4.4 million tons of cargo annually, processing diverse categories including liquid goods, containers, materials, equipment, bulk cargo, and specialized energy equipment.

Initial operational capacity from 2028 is projected at 2.4-3 million tons per year for general and container cargo, with an additional 1.4 million tons annually dedicated to liquid and gas shipments.

The province will break ground on the first phase of Phu My Industrial Park in Phu My Dong commune on August 19 to welcome the 80th anniversary of the August Revolution (August 19) and National Day (September 2).

The 436-hectare industrial park will be developed by Phu My Investment Group JSC at a total cost of VND4.5 trillion.