Danang’s Lien Chieu port to see construction commence in September

By Minh Ngoc
Tue, May 31, 2022 | 5:31 pm GMT+7

The central coast city of Danang is speeding up the fulfilment of procedures to kick off the Lien Chieu port project in September this year.

The government has approved a VND3,426 billion ($147.7 million) investment in building infrastructure at the Lien Chieu port in Lien Chieu district, with a total planned area, including sea surface, of 450 hectares and to be completed by 2025.

The port is planned to become a key international cargo hub in the central region, handling 100,000-ton vessels and container ships with a loading capacity of 6,000-8,000 TEUs (twenty-foot equivalent units).

It would help ease traffic at Danang's Tien Sa and Son Tra ports and along inner-city roads, as well as strengthen regional transport connections.

A port in Danang city, central Vietnam. Photo courtesy of the port.

A port in Danang city, central Vietnam. Photo courtesy of the port.

Publicly-funded components like breakwaters, sea dredging, and roads linking expressways to the port complex would soon complete procedures for bidding, with construction expected to begin in early September, Ho Ky Minh, standing vice chairman of Danang People's Committee, said Tuesday.

Many foreign and domestic investors have shown an interest in privately-funded segments like ports, wharves, and logistical areas.

Comments (0)
  • Read More
No more delays to HCMC 'super' port construction: experts

No more delays to HCMC 'super' port construction: experts

The construction of the $5.5 billion Can Gio “super” port in Ho Chi Minh City should not be delayed now that MSC, the world's leading shipping company, has proposed to invest in the mega project, said experts.

Infrastructure - Tue, April 30, 2024 | 7:00 am GMT+7

Private lender VPBank targets 114% profit growth in 2024

Private lender VPBank targets 114% profit growth in 2024

Vietnam’s leading private lender VPBank targets to rake in VND23.17 trillion ($914.18 million) in pre-tax profit this year, a year-on-year increase of 114%, according to its 2024 business plan approved by shareholders at the AGM on Monday.

Banking - Mon, April 29, 2024 | 11:13 pm GMT+7

Construction firm Lizen to focus on transport infrastructure, suspend some renewables projects

Construction firm Lizen to focus on transport infrastructure, suspend some renewables projects

With real estate market remaining sluggish and renewable energy policies yet to be finalized, construction firm Lizen has decided to focus on transport infrastructure and electrical engineering.

Companies - Mon, April 29, 2024 | 10:39 pm GMT+7

Speculative groups stand behind Hanoi apartment fever: association

Speculative groups stand behind Hanoi apartment fever: association

The recent apartment fever that has swept in Hanoi shows signs of being impacted by speculative groups who have created virtual supply and demand to push prices up, according to the Vietnam Association of Realtors (VARS).

Real Estate - Mon, April 29, 2024 | 4:07 pm GMT+7

Vietnam industrial production expands 6% in Jan-April

Vietnam industrial production expands 6% in Jan-April

Vietnam's index of industrial production (IIP) remained on an upward trend, rising 6.3% year-on-year in April and 6% in January-April this year.

Economy - Mon, April 29, 2024 | 3:50 pm GMT+7

Industrial real estate still leads Vietnam market: experts

Industrial real estate still leads Vietnam market: experts

Despite difficulties, industrial park real estate still leads the market, attracting sustainable foreign direct investment (FDI) to Vietnam, said experts.

Industrial real estate - Mon, April 29, 2024 | 2:38 pm GMT+7

Hanoi photo exhibition depicts Vietnam’s significant victories in 20th century

Hanoi photo exhibition depicts Vietnam’s significant victories in 20th century

A photo exhibition highlighting Vietnam’s victories that changed the course of world history is being held at the pedestrian space around Hoan Kiem Lake downtown Hanoi.

Travel - Mon, April 29, 2024 | 1:41 pm GMT+7

Hanoi’s top painters exhibit their work dedicated to national flower

Hanoi’s top painters exhibit their work dedicated to national flower

The lotus – Vietnam’s national flower, is being honored at an art exhibition that opened in Hanoi on Sunday.

Travel - Mon, April 29, 2024 | 1:39 pm GMT+7

Thailand carries out cabinet reshuffle

Thailand carries out cabinet reshuffle

The new cabinet of Thai Prime Minister Srettha Thavisin was announced on Sunday.

Southeast Asia - Mon, April 29, 2024 | 1:37 pm GMT+7

Vietnam's M&A activity bounces back in Q1

Vietnam's M&A activity bounces back in Q1

After a rather gloomy 2023, merger & acquisition (M&A) activity in Vietnam recorded a significant recovery in the first quarter of 2024.

Finance - Mon, April 29, 2024 | 10:59 am GMT+7

Nam Cau Kien eco-industrial park - A circular economy pioneer

Nam Cau Kien eco-industrial park - A circular economy pioneer

Enterprises are encouraged to transform to the circular economy model, but they still face obstacles in accessing preferential policies. Procedures to receive credit packages from domestic and foreign organizations are complicated and have criteria that most businesses cannot meet, writes Pham Hong Diep, chairman of industrial real estate developer Shinec JSC.

Industrial real estate - Mon, April 29, 2024 | 9:11 am GMT+7

How tech empowers insurance agents in Vietnam

How tech empowers insurance agents in Vietnam

Vietnam's insurance industry stands at the threshold of a transformative era, one marked by significant potential and rapid digital evolution, writes Tri Nguyen, country manager for Vietnam at Singapore-based insurance firm Igloo.

Consulting - Mon, April 29, 2024 | 7:00 am GMT+7

Hoiana golf tournament raises $473,000 for disadvantaged children in Quang Nam province

Hoiana golf tournament raises $473,000 for disadvantaged children in Quang Nam province

Hoiana Resort & Golf has raised over VND1.2 billion ($473,000) from holding a charity golf tournament to support disadvantaged children in the central province of Quang Nam.

Travel - Sun, April 28, 2024 | 7:14 pm GMT+7

Dragon Capital-linked funds raise holding in retailer Mobile World to 6.25%

Dragon Capital-linked funds raise holding in retailer Mobile World to 6.25%

Six funds related to Dragon Capital, one of major fund management companies in Vietnam, have bought in a combined 4.66 million shares of leading Vietnamese retailer Mobile World Investment Corporation.

Companies - Sun, April 28, 2024 | 4:24 pm GMT+7

Vietnam real estate market can flourish again with shift in focus: experts

Vietnam real estate market can flourish again with shift in focus: experts

New policies, low interest rates, and projects serving real housing needs can see Vietnam’s real estate market recover by the end of 2025 and grow sustainably, experts said.

Real Estate - Sun, April 28, 2024 | 2:50 pm GMT+7

Real estate giant DIC Corp notches biggest quarterly loss since listing

Real estate giant DIC Corp notches biggest quarterly loss since listing

Development Investment Construction JSC (DIC Corp), among Vietnam’s top real estate developers, incurred a loss of VND117.2 billion ($4.62 million) in the first quarter of this year, marking its largest quarterly loss since floating shares in 2009.

Companies - Sun, April 28, 2024 | 2:30 pm GMT+7