return icon

Chinese port wants to invest in logistics, open a line to Vung Ang port

Chinese Xiamen Port Group met with Ha Tinh Province’s People's Committee recently to explore opening a container line between Vung Ang and Xiamen ports as well as invest in local logistics.




A vessel docked at Vung Ang Port. — Photo baohatinh



Leader of Xiamen Port Group, Zhiping Chen, said Xiamen is a coastal city in Fujian Province in China. Xiamen Port is among the top seven largest ports in China and the 16th largest container port in the world. The port is a deep-water one that can accommodate up to 100,000-ton ships. It has routes to Asia, Europe, the Americas and the Mediterranean.

Zhiping Chen asked the province to support its possible investment in the local port and logistics industries.

Chen said: "Our survey of the local infrastructure conditions shows that Vung Ang Port, connecting with international seaports as well as connecting road systems in the country via Laos and Thailand, has great potential and advantages for development.”

Speaking at the meeting in the province, deputy chairman Duong Tat Thang said: “Ha Tinh is focusing on attracting projects in seaports, logistics centres and post-steel industry into the economic zone.”

He said the Lao Government is currently conducting a feasibility study on a railway project linking Laos and Viet Nam. The new railway is about 400km long, running from Thakhek district (Laos) to Vung Ang Port of Viet Nam with a total investment of nearly US$2 billion.

Thang said: "The railway will be an important gateway for investors and businesses to cooperate and invest in cargo transport routes from Laos and Thailand to other countries and vice versa through Vung Ang seaport."

He added Ha Tinh will create favourable conditions for the Xiamen Port Group to survey, research and invest in the field of seaports and logistics in Vung Ang.

Vung Ang Economic Zone is one of nine coastal economic zones that have been selected by the Government to develop steel, thermal power and deep-water ports for the central region and the whole country.

Currently, Vung Ang Economic Zone has attracted 137 investment projects, including 80 domestic investment projects and 57 FDI projects. These projects focus on the fields of industry, thermal power, renewable energy and post-steel development.

In addition to Xiamen Port Group, many large enterprises are also exploring investment opportunities in the zone. They are a joint venture between Lee & Man Group (Hong Kong) and Hokuetsu (Japan) which proposed research and surveys to build a port complex, logistics area and large-scale paper industrial park with total investment of $3 billion; while Siemens Energy (Germany) studied a gas-fired power plant with total estimated investment of $1.8 billion in Vung Ang No 3. — VNS

Vietnamese port infrastructure needs solutions to keep pace with growth

Vietnamese port infrastructure needs solutions to keep pace with growth

The Vietnamese port industry needs further investment to keep pace with the country’s rapid economic growth and reduce logistic costs for businesses.  

Change overdue in port infrastructure

Change overdue in port infrastructure

Vietnam needs to address the shortcomings in its port infrastructure to fully benefit from its economic development.


A day in the life of a fisherman in ​​Mong Cai

After Van Don - Mong Cai highway opened for traffic in early September, the border city of Mong Cai became a new tourist attraction.

Vietnamese navy ship arrives at Lumut port, beginning Malaysian visit

Sailing Ship 286-Le Quy Don of the Vietnam Naval Academy and a delegation of the Vietnam People’s Navy arrived at Lumut port in the Malaysian state of Perak on October 4, beginning a visit to Malaysia.

Hanoi, CNN boost tourism promotion cooperation

CNN wishes to resume tourism promotion cooperation with Hanoi, thus contributing to introducing the capital city’s cultural identity and valuable traditions to the world, Senior Vice President of CNN Robert Bradley said.

Vietnam's brand value reaches $431 billion

According to the latest report of the world's leading brand valuation consulting company - Brand Finance, Vietnam's national brand value has increased by 11 percent in 2022, from $388 billion to $431 billion.

Unblocking capital sources for the economy

After the recent increase in credit limit, the State Bank of Vietnam (SBV) has granted 13.6 percent of the total 14 percent credit room in 2022.

Share prices fall, billionaires lose big

Billionaire Tran Dinh Long’s assets have fallen by $1.6 billion this year, while billionaire Pham Nhat Vuong has lost $2 billion.

Video game helps promote Vietnamese culture, tourism

The video game “Lac Viet phieu luu ky” (Lac Viet Adventures) was selected by the Ministry of Foreign Affairs as a promotional product on digital platforms at the Vietnam Days Abroad 2022 in Austria, India, and the Republic of Korea this year.

Over 100 Vietnamese citizens deported from China for illegal stay

106 Vietnamese citizens that stayed illegally in China were returned to Vietnamese authorities at the Ly Van Border Gate in the northern province of Cao Bang on Tuesday.

"578 Magnum" film chosen to compete at 2023 Oscars

The head of the Vietnam Cinema Department, Vi Kien Thanh, said the “578: Phat Dan Cua Ke Dien” (578 Magnum) film received a score of 9, the highest from the national selection board, and was chosen to represent Vietnam at Oscars 2023.

HCM City to recruit key officers through exams

The city’s Vice Chair Vo Van Hoan has signed a decision on organizing exams to select leaders and managerial officers for local public agencies.

HAGL Group repays bonds worth trillions of VND

The Hoang Anh Gia Lai Group (HAG) of entrepreneur Doan Nguyen Duc eased its debt burden of VND6.6 trillion in bonds prior to Decree 65’s issuance.

70-year-old publishing industry tries to catch up with rest of the world

Tran Chi Dat, Director and Editor-in-Chief of the Information and Communications Publishing House, says that e-books and other modern publishing models are now giving more choices to readers in accessing content.

Vietnam's first monkeypox patient tests negative, symptoms disappearing: hospital

The patient, a 35-year-old woman who return from Dubai, is no longer suffering from fever, while the blisters on the face, hands and feet have dried up, peeled off and new skin is forming, said the doctors treating her.

Largest-ever Vietnamese rock concert to hit stage in HCM City

Leading rock bands and singers from across the country are set to perform in the World Rock Vietnam concert which will get underway on December 10 in Ho Chi Minh City.

Vietnam to impose temporary anti-dumping duties on Chinese tables, chairs

Vietnam will impose temporary anti-dumping duties on some table and chair products originating from China, the Vietnamese Ministry of Industry and Trade has said.