India’s Adani, Japan’s Sumitomo compete to build $2 bln seaport in central Vietnam

India’s Adani, Japan’s Sumitomo compete to build $2 bln seaport in central Vietnam

India’s Adani group and Japan’s Sumitomo have expressed their interest in building Danang’s VND48.3 trillion ($1.96 billion) Lien Chieu seaport project, the central city says.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam seaport, shipping firms expected to enjoy good profits in 2024

Vietnam seaport, shipping firms expected to enjoy good profits in 2024

A potential recovery of Vietnam's export activities in 2024 and a sharp increase in shipping rates due to Red Sea tensions are expected to help domestic seaport and shipping firms see good profits after a gloomy year.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Southern Vietnam province hopes to lure FDI for industrial development

Southern Vietnam province hopes to lure FDI for industrial development

The southern province of Ba Ria-Vung Tau plans to attract foreign direct investment (FDI) in 110 new projects across various industries, according to local authorities.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese logistics firms modernize, innovate to improve services

Vietnamese logistics firms modernize, innovate to improve services

Vietnam International Container Terminal (VICT) and Long An International Port say they have used modernization and innovation to provide better services and retain customers in a demanding market.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

India’s Adani Group proceeds with $10 bln investment in Vietnam infrastructure

India’s Adani Group proceeds with $10 bln investment in Vietnam infrastructure

Gautam Adani, chairman of Indian multinational conglomerate Adani Group, is visiting Vietnam to proceed with the group’s plans to invest up to $10 billion in infrastructure and renewable energy in the country over the next decade.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

High expectations for seaport development in Mekong Delta

High expectations for seaport development in Mekong Delta

The Mekong Delta boasts huge potential to develop logistics services thanks to strong economic development in recent years, with large volumes of seafood, rice, fruits, textiles and garments shipped to regions across the country and foreign markets.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam shipping, seaport stocks skyrocket

Vietnam shipping, seaport stocks skyrocket

Tickers of Vietnamese shipping and seaport firms have surged 17-32% over the past month, driving a 6.4% gain on Vietnam’s benchmark VN-Index thanks to a brighter outlook for trade and freight and charter rates unlikely to fall further.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam has 296 ports in updated transport ministry list

Vietnam has 296 ports in updated transport ministry list

Vietnam has a total of 296 ports under a new list compiled by the Ministry of Transport that divides them by locality instead of region.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hai Phong city attracts $3 bln of FDI in Jan-Sep

Hai Phong city attracts $3 bln of FDI in Jan-Sep

Vietnam’s northern city of Hai Phong attracted over $3 billion of foreign direct investment (FDI) in the first nine months of 2023, becoming one of the top FDI locations in the country.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Danang welcomes first container ship connecting central Vietnam to US Oakland

Danang welcomes first container ship connecting central Vietnam to US Oakland

Tien Sa seaport in Danang city welcomed WanHai 362 shipping route on Tuesday, the first container shipping route connecting central Vietnam to Long Beach, Oakland, the U.S., without transit via any mothership.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese firm to invest $35 mln in new Quang Ninh seaport

Vietnamese firm to invest $35 mln in new Quang Ninh seaport

Tam Thanh Co., Ltd. is the only investor that has registered to invest in Port No. 1 of the Mong Duong-Khe Day port cluster in northern Vietnam's Quang Ninh province.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hai Phong expands Dinh Vu-Cat Hai EZ industrial area by 300 hectares

Hai Phong expands Dinh Vu-Cat Hai EZ industrial area by 300 hectares

The northern port city of Hai Phong has expanded the industrial area of its Dinh Vu-Cat Hai Economic Zone by 300 hectares under a new adjustment to the EZ’s plan.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam plans $17 bln railway routes to seaports

Vietnam plans $17 bln railway routes to seaports

Vietnam plans to mobilize $17 billion to build two major railway routes linking with seaports in the northern and southern regions, and hopes to begin construction by 2030.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hai Phong lists 137 mega projects for foreign investment in industrialization spree

Hai Phong lists 137 mega projects for foreign investment in industrialization spree

In a massive industrialization push, the People's Committee of Hai Phong city has approved a list of 137 projects calling for foreign investment in the 2023-2025 period.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Transport ministry to include Can Gio port in national plan

Transport ministry to include Can Gio port in national plan

Vietnam’s Ministry of Transport plans to add the Can Gio transshipment port in Ho Chi Minh City to the 2021-2030 (vision until 2050) national seaport development plan.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Transport ministry backs Mekong Delta province to build mega seaport

Transport ministry backs Mekong Delta province to build mega seaport

Vietnam’s Ministry of Transport has backed the Mekong Delta province of Soc Trang to look into the construction of a giant offshore seaport.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hai Phong embarks on Vietnam’s largest seaport non-tariff zone

Hai Phong embarks on Vietnam’s largest seaport non-tariff zone

The northern city of Hai Phong on Saturday commenced construction of the Xuan Cau industrial, logistics and non-tariff zone, the biggest of its kind in Vietnam, in Dinh Vu-Cat Hai Economic Zone.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Saigon Newport to build $545 mln wharves in Hai Phong

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.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Malaysia’s PETMAL Oil eyes $2 bln refinery project in Vietnam

Malaysia’s PETMAL Oil eyes $2 bln refinery project in Vietnam

Malaysia’s PETMAL Oil Holdings is seeking to invest in a 500-hectare oil refinery with an initial capital of $2 billion in Nam Phu Yen Economic Zone, the south-central province of Phu Yen.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

Port operator Saigon Newport eyes logistics project in Quang Ninh province

Port operator Saigon Newport eyes logistics project in Quang Ninh province

Saigon Newport Corporation, a leading port operator in Vietnam, is looking to invest in a logistics and port project in Mong Cai town, northern Vietnam's coastal province of Quang Ninh.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Logistics major Gemadept to sell entire stake at Nam Hai Dinh Vu port in Hai Phong

Logistics major Gemadept to sell entire stake at Nam Hai Dinh Vu port in Hai Phong

Gemadept, a leading port and logistics company in Vietnam, has approved a plan to sell its entire stake at the Nam Hai Dinh Vu Port JSC, the operator of Nam Hai Dinh Vu port in Hai Phong city.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Seaport industry to see brighter outlook in 2023: securities broker

Seaport industry to see brighter outlook in 2023: securities broker

The outlook for Vietnam's seaport industry may be brighter in the near future thanks to strong FDI disbursement and some trade agreements entering into force, according to VNDirect Securities.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Chan May seaport in central Vietnam launches container route

Chan May seaport in central Vietnam launches container route

Chan May port in the central province of Thua Thien-Hue launched a container route Sunday by welcoming a 1,577-TEU ship on the biweekly Hai Phong-Chan May-Ho Chi Minh City route.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam needs $16 bln for seaport development until 2030

Vietnam needs $16 bln for seaport development until 2030

Vietnam needs VND398,706 billion ($16.03 billion) to invest in seaports and other marine infrastructure until 2030, says Le Tan Dat, an executive with Construction Consultation JSC for Maritime Building (CMB).

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Cai Mep Terminal receives first Evergreen mothership

Cai Mep Terminal receives first Evergreen mothership

The Cai Mep International Terminal (CMIT) in the southern province of Ba Ria-Vung Tau welcomed Wednesday the 150,709 DWT Tampa-Triumph, an Evergreen mothership.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

$670 mln Hai Phong wharf investments to accelerate shipments to Europe, US

$670 mln Hai Phong wharf investments to accelerate shipments to Europe, US

Four new wharves will be built within deep-water Lach Huyen port in the northern coastal city of Hai Phong, aiming to serve big vessels bound for Europe and the Americas.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese ships to carry 20% of seaport goods by 2030

Vietnamese ships to carry 20% of seaport goods by 2030

Vietnam’s commercial fleet is tasked with carrying 10% of import-export goods at domestic seaports in 2026 and then 20% in 2030, according to a Ministry of Transport scheme on the country’s shipping development.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam requires $13-bln seaport infrastructure investment by 2030

Vietnam requires $13-bln seaport infrastructure investment by 2030

Vietnam needs to invest $13 billion in seaport infrastructure by 2030 to improve the handling of container goods from the current 24 million twenty-foot equivalent units (TEU) a year to 30-40 million.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Steel giant Hoa Phat eyes $5 bln port, industrial park in Phu Yen

Steel giant Hoa Phat eyes $5 bln port, industrial park in Phu Yen

Hoa Phat Group, Vietnam’s largest steel maker, wants to invest around VND120,000 billion ($5.16 billion) in a port and industrial park in the central province of Phu Yen.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Soc Trang province seeks seaport investors

Soc Trang province seeks seaport investors

Soc Trang authorities are calling for investment in a 4,550 hectare seaport project in the Mekong Delta province.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Many foreign investors seek opportunities in Danang

Many foreign investors seek opportunities in Danang

Leading companies from Germany, the Netherlands and Japan are eyeing to invest in Danang, given the resumption of international routes.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7