Vietnam to invest $2.6 bln in Hai Phong city port system by 2030

The Ministry of Construction has approved a detailed development plan for the port system in the northern port city of Hai Phong to 2030, which earmarks more than VND66 trillion ($2.6 billion) to improve the capacity of the largest northern port hub.

Accordingly, Hai Phong will develop 61-73 terminals in zones included Lach Huyen, Dinh Vu, Cam River-Pha Rung, Nam Do Son, Van Uc, Bach Long Vi Island as well as anchorages and storm shelters.

By 2030, Hai Phong Port is expected to handle 175.4-215.5 million tons of cargo and 22,800 passenger visits per year with an annual growth rate of 5-5.3% and 1.5-1.6%, respectively.

By 2030, the development plan foresees a total land use of 1,638 hectares and water use of over 116,000 hectares.

The port system development is estimated to need around VND78 trillion ($3 billion) in total investment, of which more than VND66 trillion will be allocated to the port infrastructure development, while the rest will fund public maritime infrastructure.

Lach Huyen terminal zone is expected to handle up to 90 million tons of cargo and 11,000 passengers per year by 2030. There will be 18 berths in the zone capable of receiving vessels of up to 18,000 TEUs.

The Vietnam Maritime and Waterway Administration said that the port’s infrastructure is yet to keep pace with the increase in cargo volume which reached 160.5 million tons last year.

There are 14 international shipping routes from Hai Phong, including six trans-Pacific services to the Americas, one to Australia and two to India.