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.
Tran De is currently a fishing port in Soc Trang province, Vietnam's Mekong Delta. Photo courtesy of CC1 JSC.
The ministry replied to Soc Trang province’s proposal to build the seaport under the public-private partnership (PPP) format and conduct a pre-feasibility study using the state budget.
Currently, Vietnam has 34 seaports classified into four groups. Only Hai Phong seaport in the north and Ba Ria-Vung Tau seaport in the south are in the top tier, thanks to their sizes and operational purposes. If approved, the Tran De port in Soc Trang would become the third.
In a document signed by Deputy Minister Nguyen Xuan Sang, the ministry said according to the national plan for the development of seaports for 2021-2030, non-state budget is being prioritized to build maritime infrastructure in general, while the state budget is being prioritized to build public facilities.
The Tran De seaport project is set to be developed with private resources, in line with socioeconomic demand and investors’ capabilities, the transport ministry added.
In October 2022, South Korean investment fund FG Corporate and Soc Trang authorities discussed investment opportunities in Vietnam's infrastructure, particularly the Tran De seaport project.
Soc Trang Vice Chairman Lam Hoang Nghiep said the 4,550-hectare Tran De seaport needs an investment of VND55.7 trillion ($2.27 billion) until 2030, and after that VND146.3 trillion ($6.23 billion) from the private sector.
According to the plan, Tran De seaport, as a gateway to the Mekong Delta, will receive vessels of up to 160,000 deadweight tons (DWT) and handle 30-35 million tons of goods a year by 2030. By 2050 and beyond, the seaport will receive vessels of up to 200,000 DWT and handle 80-100 million tons of goods annually.
The project has been added by the Prime Minister to a master plan for the development of Vietnam's seaports from 2021-2030, with a vision to 2050. It was also included in Soc Trang's list of projects calling for foreign investment from 2021-2025.
- Related News
- Read More
UOB's latest USD/VND forecast is 26,300 in Q4/2025, 26,200 in Q1/2026
Singaporean bank UOB predicted that the USD/VND exchange rate will be on a decline in the coming quarters to 26,300 in Q4/2025, 26,200 in Q1/2026, 26,100 in Q2/2026, and 26,000 in Q3/2026.
Economy - Thu, September 18, 2025 | 9:07 am GMT+7
Agribank - A Strategic gateway for Vietnam’s carbon credits to global market
Carbon credits are emerging as a valuable form of “green asset.” However, to unlock their full potential and turn it into tangible value, Vietnamese businesses require strong financial backing, technical expertise, and market linkages.
Companies - Thu, September 18, 2025 | 9:05 am GMT+7
Care For Vietnam joins ASEAN forum, signs MoU in New Zealand
Care For Vietnam (CFVN) had the honor to be the only Vietnamese enterprise invited to share insights at the "ASEAN Forum 2025: 50 Years + $50 Billion" held at ANZ Centre in Auckland, New Zealand on August 28.
Companies - Thu, September 18, 2025 | 9:00 am GMT+7
Digital technology transforms Vietnam’s food industry
Amidst robust digital transformation across all sectors, the food processing industry has tapped such digital technologies as Internet of Things, AI, blockchain and Big Data to optimize production processes, control supply chains, and meet consumers’ demands.
Companies - Thu, September 18, 2025 | 8:16 am GMT+7
VPBank issues Vietnam’s first international sustainable bonds
VPBank has become the first bank in Vietnam to successfully issue $300 million in sustainable bonds on the international market.
Companies - Wed, September 17, 2025 | 10:24 pm GMT+7
Vietnam’s private conglomerate Vingroup reclaims market capitalization crown after 5 years
Vingroup has surpassed state-controlled lender Vietcombank to become the largest market capitalization company in Vietnam as its stock price rose 3.5 times in the past seven months.
Companies - Wed, September 17, 2025 | 10:16 pm GMT+7
First wave of ETF buying could exceed $680 mln if Vietnam secures FTSE market upgrade: broker
Vietnam’s stock market has a strong chance of being upgraded by FTSE Russell in its October 2025 review, a move that could unlock billions of dollars in foreign inflows, said an analyst at broker ASEAN Securities.
Economy - Wed, September 17, 2025 | 4:16 pm GMT+7
Vietnam Education Publishing House faces challenges in curbing fake textbooks
The Vietnam Education Publishing House (VEPH) is encountering a range of difficulties in fighting counterfeit textbooks as the situation is becoming increasingly sophisticated and complex.
Companies - Wed, September 17, 2025 | 3:54 pm GMT+7
Vietnam Airlines the largest holding in gov’t investment arm SCIC’s portfolio
National flag carrier Vietnam Airlines has overtaken Vinamilk and Sabeco to become the largest holding in State Capital Investment Corporation's (SCIC) stock portfolio following the latest capital funding.
Finance - Wed, September 17, 2025 | 3:20 pm GMT+7
Hoa Phat Agriculture submits documents for IPO
Hoa Phat Agriculture Development JSC, a subsidiary of Hoa Phat Group, on Tuesday submitted documents for an IPO of its shares as early as December 2025.
Companies - Wed, September 17, 2025 | 3:03 pm GMT+7
Petrovietnam affirms plan to build eco-energy and industrial center in southern Vietnam
Petrovietnam plans to develop an eco-energy and industrial center project in Can Tho city, the "heart" of the Mekong Delta, its representatives stated on Monday.
Energy - Wed, September 17, 2025 | 11:49 am GMT+7
Thailand - one of Southeast Asia’s fastest-growing markets for AI
Thailand has emerged as one of Southeast Asia’s fastest-growing markets for artificial intelligence (AI), with OpenAI reporting that weekly active users of ChatGPT in the country have quadrupled over the past year.
Southeast Asia - Wed, September 17, 2025 | 10:40 am GMT+7
MoMo co-founder urges single fintech regulator, faster sandbox in Vietnam
Vietnam should establish a single regulatory focal point and adopt a more flexible sandbox regime to accelerate fintech innovation, said Nguyen Ba Diep, co-founder of e-wallet giant MoMo.
Finance - Wed, September 17, 2025 | 8:00 am GMT+7
Indonesia to end incentives for imported CBU BEVs in 2026
The Indonesian government has confirmed that it will stop providing incentives for imported completely built-up (CBU) battery electric vehicles (BEVs) from 2026.
Southeast Asia - Tue, September 16, 2025 | 9:44 pm GMT+7
Aquatic sector advised to navigate challenges, secure exports to EU, US
Despite positive production signals with growth in 2025 projected at 4.25%, Vietnam's aquatic sector is facing mounting export pressures, particularly strict technical barriers in major markets such as the EU and the U.S.
Companies - Tue, September 16, 2025 | 9:41 pm GMT+7
Vietnam pledges favorable conditions for UK businesses
Finance Minister Nguyen Van Thang has affirmed Vietnam’s commitment to improving its investment environment and creating favourable conditions for foreign enterprises, including those from the UK.
Companies - Tue, September 16, 2025 | 9:29 pm GMT+7
