Saigon Newport to build $545 mln wharves in Hai Phong
The Prime Minister has allowed Saigon Newport Corporation, a leading port operator in Vietnam, to invest VND12.79 trillion ($545 million) in building two wharves at the Lach Huyen seaport in Hai Phong city.

Tan Cang-Hai Phong International Container Terminal in northern Vietnam is operated by Saigon Newport. Photo courtesy of the firm.
The two wharves, No. 7 and No. 8, of the key seaport in the northern coastal city, is set to include two 450-meter berths to welcome container ships of up to 12,000-18,000 twenty-foot equivalent units (TEUs), and one 200-meter barge berth to accommodate ships of up to 160 TEUs. The facility is set to cover 79.86 hectares, including 22.33 hectares of water surface.
The wholly state-owned Saigon Newport is set to contribute VND1.92 trillion ($81.73 million) to the project, while mobilizing the remaining VND10,874 billion ($463.11 million). Construction of the 70-year project is scheduled for 2023-2027.
The investment is part of the national sea strategy, with a goal of exporting and importing goods from northern Vietnam to Europe and the Americas, while utilizing and developing Dinh Vu-Cat Hai Economic Zone in Hai Phong city.
Currently, wharves No. 1 and No. 2 of the seaport have the capacity of 1.1 million TEUs, after they were put into operation in May 2018.
Wharves No. 3 and No. 4, with an investment of VND6.95 trillion ($295.82 million) by local firm Port of Haiphong JSC, and wharves No. 5 and No. 6, with a total investment of VND8.95 trillion ($381.21 million) by local business Hateco Group JSC, are under construction toward operation in 2025.
The total volume of transported goods in Hai Phong reached 71.17 million tons in the first quarter of this year, up 5.36% year-on-year, according to the municipal statistics office. They included 10.7 million tons via sea routes, up 7.29%; 2.51 million tons via inner water ways, up 16.44%; and 57.97 million tons via roads, up 4.59%.
- Read More
Real estate major Kinh Bac gains majority control of Trump International Vietnam
Vietnamese developer Kinh Bac City Development Holding Corporation (HoSE: KBC) has expanded its portfolio to 19 subsidiaries following a new ownership move involving Trump International Vietnam.
Companies - Sun, July 13, 2025 | 8:41 am GMT+7
Sumitomo seeks to clear hurdles for industrial park expansion in northern Vietnam
Japanese conglomerate Sumitomo has called on authorities in Hung Yen province to resolve several pressing issues affecting the expansion of Thang Long Industrial Park II (TLIP II), one of the largest industrial parks in northern Vietnam.
Industrial real estate - Sun, July 13, 2025 | 8:00 am GMT+7
Rixos debuts in Southeast Asia on Vietnam’s 'Pearl Island'
A new chapter in travel is unfolding in Southeast Asia as Rixos Hotels, the world’s leading all-inclusive brand, prepares to unveil its first-ever resort in the region.
Travel - Sat, July 12, 2025 | 6:48 pm GMT+7
Vietnam’s biggest airport project ‘races to the finish line’
The Ministry of Construction has requested investors of the Long Thanh International Airport to complete the main route by August 2025 to facilitate trial operations of the passenger terminal and other components.
Infrastructure - Sat, July 12, 2025 | 6:19 pm GMT+7
Singapore's YCH Group eyes developing logistics center in southern Vietnam economic zone
Tay Ninh province has pledged full support to Singapore’s YCH Group in developing a logistics center within its Moc Bai Border Gate Economic Zone.
Industries - Sat, July 12, 2025 | 1:48 pm GMT+7
Vietnam PM asks US firms to sustain support for 'reasonable, detailed tariff pact'
Prime Minister Pham Minh Chinh has called on U.S. businesses to continue supporting the Vietnamese government in dialogues with U.S. agencies to soon reach "a reasonable, detailed tariff agreement for individual products and product groups".
Economy - Sat, July 12, 2025 | 11:32 am GMT+7
Mergers of Vietnamese provinces unlock new property development opportunities
The merging of Vietnamese localities is expected to create a strong "boost" for the real estate market as expanded planning space, synchronized infrastructure, and new land reserves are key factors driving the market's transformation.
Real Estate - Sat, July 12, 2025 | 11:00 am GMT+7
Measures proposed for Thailand to minimize US tariff impacts
Financial and banking experts in Thailand have warned that the U.S.'s proposed 36% tariff on Thai goods is likely to severely undermine Thailand's export competitiveness.
Southeast Asia - Sat, July 12, 2025 | 9:06 am GMT+7
Chinese construction major PCG eyes $383 mln underwater tunnel project in northern Vietnam
Pacific Construction Group (PCG), one of China’s leading construction firms, has expressed interest in developing a VND10 trillion ($383 million) underwater road tunnel in Quang Ninh, a coastal province in northern Vietnam.
Infrastructure - Sat, July 12, 2025 | 8:04 am GMT+7
Vingroup stocks pull VN-Index up for sixth consecutive session
VN-Index, which represents the Ho Chi Minh Stock Exchange, on Friday increased for the sixth consecutive session thanks to large-cap stocks, with foreign investors continuing to strongly net buy.
Finance - Fri, July 11, 2025 | 7:20 pm GMT+7
Coca-Cola inaugurates largest-scale Vietnam factory in Tay Ninh province
Coca-Cola Beverages Vietnam on Friday inaugurated a $136 million factory in Tay Ninh province, the largest-scale among its four facilities in Vietnam.
Industries - Fri, July 11, 2025 | 5:27 pm GMT+7
Vietnam halts use of German ODA loans for HCMC metro line
The Government has approved a proposal by Ho Chi Minh City to stop borrowing official development assistance (ODA) loans from Germany’s KfW development bank for Metro Line No. 2 and instead use domestic funds to avoid further delays.
Economy - Fri, July 11, 2025 | 3:25 pm GMT+7
Seventeen housing projects foreigners allowed to buy in HCMC
Ho Chi Minh City has announced a list of 17 residential projects located in areas where foreign organizations and individuals are allowed to own houses.
Real Estate - Fri, July 11, 2025 | 3:17 pm GMT+7
Auto enterprises to enjoy preferential import tariff policies
The Government has issued a decree amending and supplementing Decree No. 26/2023/ND-CP on the export and preferential import tariff schedules, as well as the lists of goods subject to absolute tax, mixed tax, and out-of-quota import duties.
Companies - Fri, July 11, 2025 | 2:13 pm GMT+7
Korean chaebol Samsung’s revenue makes up 13% of Vietnam’s GDP in 2024
Samsung’s revenue and export in Vietnam accounted for approximately 13.12% of the country’s GDP and 13.4% of its total export turnover in 2024, respectively, according to the National Statistics Office.
Companies - Fri, July 11, 2025 | 2:09 pm GMT+7
JPMorgan upgrades Vietnam stocks to overweight following US tariff deal
JPMorgan Chase has upgraded Vietnam stocks to overweight after the country became the first Southeast Asian nation to reach a preliminary tariff deal with the U.S.
Economy - Fri, July 11, 2025 | 11:38 am GMT+7