Logistics, free trade zone projects proposed for My Thuy Port area in central Vietnam
My Thuy International Port Joint Venture Company (MTIP) has proposed studying several projects associated with its investment in My Thuy Port of Quang Tri province, central Vietnam.
Illustration of the My Thuy Port project in Quang Tri province, central Vietnam. Photo courtesy of MTIP.
The My Thuy Port project received in-principle approval from the Prime Minister in 2019, with a total investment of VND15 trillion ($577.89 million).
The 685-hectare port will feature 10 berths developed in three phases - four in phase 1 (2018-2025), three in phase 2 (2026-2031), and the remaining three in the final phase (2032-2036).
My Thuy Port will primarily serve industrial facilities in the Southeast Quang Tri Economic Zone and provincial industrial parks, as well as attract transit products to Laos and northeast Thailand along the East-West economic corridor.
The company said it has completed several procedures to date, including detailed construction planning, land use planning, environmental impact assessment, and basic and technical design for construction, and obtained construction permits for some items.
It has built 320 meters of the breakwater and is currently constructing the wharf and revetment behind berths 1 and 2, with overall progress reaching 31.36%.
MTIP proposed the provincial People’s Committee allow it to study such projects as an 86-hectare logistics zone with a total investment of VND2.23 trillion ($85.92 million); a 154-hectare coal blending, classification, and storage complex that would import coal from Indonesia, Australia, and Russia to mix with Laotian coal; and a 156-hectare free trade zone.
Acting Chairman of Quang Tri province Hoang Nam asked relevant agencies to study the proposal and promptly advise the committee to make decisions.
- Related News
- Read More
Vietnam inaugurates first paper-based food packaging line
The first paper-based food packaging line in Vietnam applying Tetra Recart® technology was officially inaugurated in Son La province on Wednesday by Vietnam’s leading supplier of processed food, Dong Giao Foodstuff Export JSC (Doveco), and Sweden's Tetra Pak Group.
Companies - Thu, July 3, 2025 | 2:29 pm GMT+7
Toyota nears one-millionth vehicle sold in Vietnam
Toyota Motor Vietnam (TMV) delivered over 29,000 vehicles to Vietnamese customers in the first half of 2025, a 31% increase year-on-year, according to a company release on Wednesday.
Companies - Thu, July 3, 2025 | 2:24 pm GMT+7
Vietnam’s Personal Income Tax Law overhaul expected in October
Vietnam’s Ministry of Finance is finalizing draft revisions to the Personal Income Tax (PIT) Law, for parliament approval at its session in October.
Economy - Thu, July 3, 2025 | 1:44 pm GMT+7
Apple supplier Luxshare-ICT seeks recruitment support in central Vietnam
China’s Luxshare-ICT, a supplier to Apple, has asked authorities in Nghe An province for support in tackling labor recruitment challenges.
Companies - Thu, July 3, 2025 | 12:44 pm GMT+7
US agreement on 20% tariff for goods imported from Vietnam 'a success': expert
Reaching agreement with the U.S. on 20% tariff for goods imported from Vietnam and even 40% for transshipping is a success for the Southeast Asian country, said Ho Quoc Tuan, a senior lecturer of accounting & finance at University of Bristol, the UK.
Economy - Thu, July 3, 2025 | 9:55 am GMT+7
Malaysia diversifies trade partners to stay economically resilient
Malaysia’s economy remains resilient thanks to its long-term and comprehensive economic strategy, despite geopolitical tensions in the Middle East that have raised concerns about the possible closure of the Strait of Hormuz and disruption to global energy supplies, according to the Ministry of Trade, Investment and Industry (MITI).
Southeast Asia - Thu, July 3, 2025 | 8:44 am GMT+7
Vietnam Airlines launches first direct air link between Vietnam and Italy
National-flag carrier Vietnam Airlines officially launched its first direct flight connecting Hanoi and Milan on Tuesday, establishing direct air link between Vietnam and Italy for the first time.
Travel - Thu, July 3, 2025 | 8:28 am GMT+7
Makara Capital Partners wants to mobilize $5-7 bln for investments in Vietnam: exec
Singapore's Makara Capital Partners is eyeing investment opportunities in Vietnam, including those in the biological and pharmaceutical industries and the International Financial Center project.
Economy - Thu, July 3, 2025 | 12:52 am GMT+7
Vietnam, US reach agreement on landmark trade deal framework
Vietnam's Party chief To Lam and U.S. President Donald Trump on Wednesday stated that they welcome the agreement reached by the two countries' negotiating teams on the Joint Vietnam-United States Statement on a Fair, Balanced, and Reciprocal Trade Agreement Framework.
Economy - Wed, July 2, 2025 | 11:28 pm GMT+7
Vietnam's ACV expects 17% profit drop, plans $1.52 bln investment in Long Thanh airport this year
State-owned Airports Corporation of Vietnam (ACV), which operates 22 airports nationwide, expects its 2025 pre-tax profit to decline 17% year-on-year to VND10.53 trillion ($402.56 million) due to foreign exchange losses.
Companies - Wed, July 2, 2025 | 4:08 pm GMT+7
Two mega urban area projects in central Vietnam get greenlight
Two major urban projects in Quang Ngai province's Dung Quat Economic Zone, with a total investment of over VND54 trillion ($2.06 billion), have received in-principle approvals from Deputy Prime Minister Tran Hong Ha.
Real Estate - Wed, July 2, 2025 | 4:02 pm GMT+7
Roadmap for cleaner fuel transition launched for Vietnam’s first oil refinery Dung Quat
Binh Son Refining and Petrochemical JSC (BSR) and PV Gas D, a subsidiary of PV Gas, have signed an MoU on LNG trading principles, marking a significant step in BSR’s roadmap to transition from traditional fuels to cleaner alternatives at Dung Quat Oil Refinery.
Economy - Wed, July 2, 2025 | 3:52 pm GMT+7
EPC contracts signed for Vietnam’s offshore Block B - O Mon gas pipeline
Southwest Pipeline Operating Company (SWPOC), a subsidiary of Vietnam’s state-owned Petrovietnam, on Monday signed EPC contracts for two key packages (PC1 and PC2) of the Block B – O Mon gas pipeline project.
Economy - Wed, July 2, 2025 | 2:01 pm GMT+7
Major Vietnamese developer Sun Group proposes riverfront road, metro line projects in HCMC
Sun Group, a leading real estate developer in Vietnam, is seeking Ho Chi Minh City authorities’ permission to invest in a riverfront road along the Saigon River and a 40-kilometer metro line under the build-transfer (BT) model in the former Cu Chi district.
Infrastructure - Wed, July 2, 2025 | 1:32 pm GMT+7
Vietnam stock market to enjoy favorable 'tailwinds' in H2: experts
While external challenges are persistent, domestic economic stimulus policies will be a key driver helping Vietnam's stock market become more positive in the remaining six months of 2025, according to experts.
Finance - Wed, July 2, 2025 | 8:20 am GMT+7
Agro-forestry-fishery exports rise over 14% in H1
Vietnam’s total agro-forestry-fishery trade in the first half of 2025 is estimated at $57 billion, with exports reaching $33.5 billion, up 14.3% year-on-year, according to the Ministry of Agriculture and Environment.
Companies - Tue, July 1, 2025 | 10:33 pm GMT+7
