The project is to cost about VND 6.94 trillion (USD 298.42 million).

With a total length of 750m, the two container terminals will be able to receive ships of up to 100,000 DWT, and handle 1.1 million TEU of goods each year.

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The PM asked the Committee for Management of State Capital at Enterprises to instruct the Member Council of the Vietnam National Shipping Lines (Vinalines) – the parent company of the Hai Phong Port JSC – to ensure the project’s progress as well as the efficient use of State capital.

The project is to serve the relocation of Hoang Dieu Port, ensuring the long-term competitiveness and development of the Hai Phong Port JSC.

Container terminals 1 and 2 came into operation in May 2018 and have served container ships and general ships with a capacity of about 1.1 million TEU per year.

From 2020-25, with six container terminals and three general terminals, Lach Huyen Port will be able to receive 4,000-TEU general ships and 8,000-TEU container ships, according to a plan approved under the Hai Phong international port system to 2020, and the detailed planning of the northern seaport group to 2020 with a vision to 2030.

Source: VNA