Thailand plans to upgrade southern piers

By Vietnam News Agency
Fri, September 13, 2024 | 8:51 am GMT+7

Thailand’s Transport Ministry has ordered the Marine Department to expedite its projects to improve maritime connectivity across the Andaman Sea provinces in an effort to boost economic activities in the region.

A pier in Thailand. Photo courtesy of aseannow.com

A pier in Thailand. Photo courtesy of aseannow.com

According to Deputy Transport Minister Manaporn Charoensri, a project with an investment of THB740 million ($21.7 million) will be implemented as a key part of a new push initiated by Prime Minister Paetongtarn Shinawatra and Transport Minister Suriya Jungrungreangkit to improve the region's logistics infrastructure and boost tourism.

It will see the construction of two new piers, namely Ao Po Ferry Pier in Phuket and Tha Len Pier in Krabi, in addition to renovations to Manoh Pier and Chong Lard Pier in Phangnga's Koh Yao district.

Manaporn said that once completed, the piers will allow for a seamless maritime connection between Phuket, Phangnga, and Krabi which is known as the Andaman Triangle.

According to Manaporn, althought the area is known for its high economic and tourism potential, it lacks a major port, meaning it could support neither current marine traffic nor future transport-oriented developments.

New piers could help shorten travel time between Phuket and Krabi from three and a half hours by land to two hours.

A new ferry route will contribute to local income, in line with the government's policy, said Manaporn.

Kritpetch Chaichuay, director of the Marine Department, said 360 million THB in leftover funds from the fiscal years 2024-2026 has been allocated for the projects in Phangnga province, including THB 175 million for Manoh Pier and THB 185 million for Chong Lard Pier.

Thai Marine Department is now looking for contractors, and the construction of the two piers in Phangnga's Koh Yao district is expected to kick off this year.

Meanwhile, the funding for two other projects - the 280-million-THB Ao Po Pier in Phuket and the 100-million-THB Tha Len Pier in Krabi - will be included in next year's budget. They are expected to be completed in 2027.

Comments (0)
  • Read More
Hoa Binh Construction Group shares to appear on unlisted public companies market from Wed

Hoa Binh Construction Group shares to appear on unlisted public companies market from Wed

More than 347 million Hoa Binh Construction Group (HBC) shares will be registered on the unlisted public companies market UPCoM Wednesday, after being delisted from the Ho Chi Minh Stock Exchange on September 6.

Finance - Mon, September 16, 2024 | 10:36 pm GMT+7

Typhoon Yagi can reduce Vietnam GDP growth by 0.2-0.5 percentage points: Mitsubishi UFJ Financial Group

Typhoon Yagi can reduce Vietnam GDP growth by 0.2-0.5 percentage points: Mitsubishi UFJ Financial Group

Super typhoon Yagi can reduce Vietnam’s GDP growth this year by 0.2-0.5 percentage points, according to a Monday commentary of Mitsubishi UFJ Financial Group (MUFG), among the biggest banking institutions in Japan.

Economy - Mon, September 16, 2024 | 5:10 pm GMT+7

Vietnam’s BAF partners with China’s Muyuan to take up high-tech livestock farming

Vietnam’s BAF partners with China’s Muyuan to take up high-tech livestock farming

BAF Vietnam Agricultural JSC has struck a partnership with China’s Muyuan Foods Co. Ltd. on technology transfer and application of artificial intelligence throughout the livestock chain.

Companies - Mon, September 16, 2024 | 5:00 pm GMT+7

Vietnam considers 300-MW small modular nuclear reactors to ensure stable power supply

Vietnam considers 300-MW small modular nuclear reactors to ensure stable power supply

Vietnam’s latest national power development plan VIII (PDP VIII) does not include nuclear power, but the country is considering small modular reactors (SMRs), including floating reactors, with a capacity of 300 MW each.

Energy - Mon, September 16, 2024 | 4:05 pm GMT+7

Vietnam stock market outlook positive despite corrections week: experts

Vietnam stock market outlook positive despite corrections week: experts

Experts are maintaining a positive outlook for Vietnam’s benchmark VN-Index from now until the end of the year despite the stock market experiencing corrections during the September 9-13 trading week.

Finance - Mon, September 16, 2024 | 3:25 pm GMT+7

Trung Nguyen E-Coffee aims domestic, international expansion to 3,000 stores with new franchise model

Trung Nguyen E-Coffee aims domestic, international expansion to 3,000 stores with new franchise model

Trung Nguyen E-Coffee has introduced a new franchise model that could see the total number of domestic and international stores soar from the current 800 to 3,000 by the end of next year.

Companies - Mon, September 16, 2024 | 3:11 pm GMT+7

Korean chaebol Hyosung faces hurdles with $1.34 bln central Vietnam investments

Korean chaebol Hyosung faces hurdles with $1.34 bln central Vietnam investments

South Korean conglomerate Hyosung has reported several difficulties related to land allocation for its projects and compensation for residents as it implements investments worth $1.34 billion in Quang Nam province.

Industries - Mon, September 16, 2024 | 3:05 pm GMT+7

Foreign internet-based service providers pay Vietnam $253 mln in taxes in 8 months

Foreign internet-based service providers pay Vietnam $253 mln in taxes in 8 months

Vietnam collected nearly VND6.2 trillion ($252.6 million) from foreign internet-based service providers via a local tax payment portal in the first eight months of 2024, up 24% year-on-year.

Finance - Mon, September 16, 2024 | 12:32 pm GMT+7

Vietnam seeks Samsung collaboration to train semiconductor engineers

Vietnam seeks Samsung collaboration to train semiconductor engineers

Samsung should continue cooperating with the National Innovation Center (NIC), under the Ministry of Planning and Investment (MPI), to help Vietnam’s target of training 50,000 semiconductor engineers by 2030.

Companies - Mon, September 16, 2024 | 11:07 am GMT+7

HSBC Vietnam’s post-tax profit falls one third in H1

HSBC Vietnam’s post-tax profit falls one third in H1

HSBC Bank (Vietnam) Ltd., under London-headquartered lender HSBC, recorded a post-tax profit of VND1,787.1 billion ($72.8 million) in the first half of this year, down 32.5% year-on-year.

Banking - Mon, September 16, 2024 | 8:12 am GMT+7

Lack of ‘compelling stories’ undermines stock market vibrancy: brokers

Lack of ‘compelling stories’ undermines stock market vibrancy: brokers

Vietnam’s stock market is yet to strike a “dragon vein” and lacks “compelling stories” to attract more investors, representatives of major broker houses in the country said at a talk show Friday.

Banking & Finance - Sun, September 15, 2024 | 8:58 pm GMT+7

First body found in northern Vietnam bridge collapse

First body found in northern Vietnam bridge collapse

The body of one of the eight missing victims in Phong Chau bridge collapse that occurred on September 9 in Phu Tho province, northern Vietnam was found on Saturday afternoon.

Society - Sun, September 15, 2024 | 3:00 pm GMT+7

Vietnam industrial park developer Becamex IJC to pay $10.8 mln in 2023 dividends

Vietnam industrial park developer Becamex IJC to pay $10.8 mln in 2023 dividends

Becamex IJC, a leading urban and industrial park developer in Vietnam, plans to pay 2023 cash dividends to shareholders at a rate of 7% this December.

Companies - Sun, September 15, 2024 | 2:04 pm GMT+7

Investors likely required to complete 4 wharves of HCMC’s $5.5 bln Can Gio port in 5 years

Investors likely required to complete 4 wharves of HCMC’s $5.5 bln Can Gio port in 5 years

Investors should complete four out of seven main wharves of the $5.5 billion Can Gio "super" port in Ho Chi Minh City within five years, said Deputy Prime Minister Tran Hong Ha.

Infrastructure - Sun, September 15, 2024 | 9:23 am GMT+7

Credit institutions in Vietnam boast total assets of over $858 bln

Credit institutions in Vietnam boast total assets of over $858 bln

Total assets of the credit institutions in Vietnam had reached over VND21,070 trillion ($858.4 billion) as of June 30, 2024, up 4.97% from the end of 2023, according to the Vietnam Bankers Association.

Banking - Sun, September 15, 2024 | 8:13 am GMT+7

Three provincial officials charged with illegally refunding VAT for solar power project

Three provincial officials charged with illegally refunding VAT for solar power project

Three officials from Binh Phuoc province's Tax Department in southern Vietnam have been investigated for “showing a lack of responsibility, causing serious consequences” in a case involving a value added tax (VAT) refund to Loc Ninh 3 Energy JSC.

Society - Sat, September 14, 2024 | 11:23 pm GMT+7