Over $13.7 bln needed to upgrade Vietnam's port system
Vietnam will need an estimated VND351.5 trillion ($13.76 billion) to upgrade its port system by 2030, according to a detailed plan for seaports, terminals, quays, mooring buoys, and water zones for the 2021-2030 period, with a vision to 2050.
Cai Mep International Port. Photo courtesy of VNA.
Of the total amount, about VND72.8 trillion will be spent on maritime infrastructure, and the remaining for port terminals.
The plan targets around 33,800 hectares of land for port development by 2030, including the Can Gio international transshipment terminal and related industrial and logistics zones. Of this total, 17,300 hectares will be dedicated to port operations. The water surface usage demand is estimated at 606,000 hectares.
It prioritizes investments in key maritime projects such as constructing the Van Uc River-Nam Do Son channel, upgrading and expanding the Hai Phong maritime channel, and dredging channels to ports in the Cam Pha area and Hon Net transshipment anchorage to accommodate vessels of up to 200,000 DWT.
For seaport terminals, the plan encourages investments in potential seaports such as Van Phong and Tran De.
- Read More
M&A in 2025: Big deals, winning hands, and wild cards
In Vietnam, domestic companies are leading high-value transactions, and foreign investors are showing renewed interest, particularly in the healthcare and education sectors, write PwC Vietnam analysts.
Consulting - Sat, February 22, 2025 | 8:17 am GMT+7
Indonesia expands carbon trade with nature-based solutions
Indonesia is promoting the supply of carbon credits from nature-based solutions, such as emissions stored in peat ecosystems, according to Deputy Minister of Environment Diaz Hendropriyono.
Southeast Asia - Fri, February 21, 2025 | 10:45 pm GMT+7
Indonesia to develop new DeepSeek
Indonesia is pushing ahead with the development of a low-cost, open-source large language model (LLM), seen as a local version of China's DeepSeek chatbot, in its bid to become a tech powerhouse in Southeast Asia.
Southeast Asia - Fri, February 21, 2025 | 10:42 pm GMT+7
Former Central Retail Vietnam CEO joins Masan Group
Vietnam’s leading retailer Masan Group (MSN) has appointed Philippe Jean Broianigo as deputy CEO of The CrownX, the entity managing its consumer and retail segments.
Companies - Fri, February 21, 2025 | 10:37 pm GMT+7
Monetary, exchange rate policies under mounting pressure: Vietnam central bank
The State Bank of Vietnam’s (SBV) monetary and exchange rate policies will face significant pressure in 2025, as both the global and domestic economic environments remain unpredictable, said Governor Nguyen Thi Hong.
Banking - Fri, February 21, 2025 | 10:25 pm GMT+7
India conglomerate Larsen & Toubro seeks to develop urban railways in Hanoi
India-based conglomerate Larsen & Toubro (L&T), among the biggest builders and infrastructure developers in the world, seeks to join urban railway projects in Hanoi.
Infrastructure - Fri, February 21, 2025 | 5:37 pm GMT+7
Moody’s Ratings forecasts Vietnam's 2025 GDP growth at 6.5-7%
Moody's Ratings has forecast Vietnam can reach a real GDP growth of 6.5-7% in 2025, the highest tally in the region.
Economy - Fri, February 21, 2025 | 5:29 pm GMT+7
$15.5 bln Just Energy Transition Partnership picks 8 projects in Vietnam, not yet disburse
The Just Energy Transition Partnership (JETP), which was launched in December 2022 to mobilize $15.5 billion to finance Vietnam’s green transition, selected eight projects in the country in 2024.
Economy - Fri, February 21, 2025 | 3:29 pm GMT+7
Vietnam to ease procedures for foreigners' work permits, judicial records
Vietnam’s Ministry of Labor, Invalids and Social Affairs (MoLISA) is drafting a decision to ease procedures related to foreigners' work permits and judicial records.
Economy - Fri, February 21, 2025 | 12:12 pm GMT+7
China’s Yuchai sells engine technology to Vietnam’s Kim Long Motor for $28 mln
China Yuchai International Limited, a leading powertrain solution provider in China, has granted Vietnam-based Kim Long Motor the technology licensing rights for some engine series for $28 million.
Companies - Fri, February 21, 2025 | 11:17 am GMT+7
Vietnam's 16% credit growth target for 2025 achievable: StanChart exec
2024 was a difficult year, but Vietnam's credit growth was still over 15%, and this year's 16% target, as directed by the State Bank, is achievable, said Nguyen Thuy Hanh, Standard Chartered Vietnam's CEO and head of banking & coverage.
Economy - Fri, February 21, 2025 | 9:02 am GMT+7
Vietnam’s leading IP builder Idico books record net profit in 2024 on strong sales
Idico Corporation, a leading industrial park developer in Vietnam, reported a record-high net profit of VND1.99 trillion ($78.21 million) in 2024, up 43% year-on-year.
Companies - Fri, February 21, 2025 | 8:23 am GMT+7
S Korea's powdered milk export to ASEAN soars
South Korea's powdered milk products have surged in popularity across Southeast Asia, with exports nearly tripling over the past decade as demand for Korean formula milk remains on the rise.
Southeast Asia - Thu, February 20, 2025 | 9:42 pm GMT+7
Singapore's economy projected to grow 1-3% this year
The Singaporean Ministry of Trade and Industry has forecast the country’s economic growth to range between 1-3% in 2025.
Southeast Asia - Thu, February 20, 2025 | 9:39 pm GMT+7
Philippines considers nickel export ban
The Philippine Government is considering a ban on raw nickel ore exports to boost its domestic processing industry.
Southeast Asia - Thu, February 20, 2025 | 9:37 pm GMT+7
Condé Nast Traveler suggests Phu Quoc as one of world's most affordable travel destinations for 2025
Condé Nast Traveler has ranked Vietnam as one of the most budget-friendly destinations for travel in 2025, with Phu Quoc being highlighted as a must-visit location in the S-shaped country thanks to its pristine beaches and resorts that "cannot be found anywhere else."
Travel - Thu, February 20, 2025 | 9:31 pm GMT+7
