News

Vietnamese millionaires are rich enough to possess yachts. The only reason which makes them hesitate to purchase yachts is the poor infrastructure and the lack of marinas. How big the Vietnamese market? Duong Hong Thuy, Director of the Representative of China-based Heno Company, which specializes in making ship parts and …

Ho Chi Minh City-based Ben Thanh Tourist last Saturday launched a new cruise ship route connecting HCMC and Vung Tau. Owned by Sea-Gull Express Joint Stock Company, the ship can carry up to 300 passengers. During two hours on board, passengers can have a view of sceneries along the Saigon …

Naval ship INS Airavat of India berthed at Nha Trang Naval Academy military port in the central province of Khanh Hoa on July 19, beginning a four-day visit to the locality. On the occasion, Indian Ambassador to Vietnam Ranjit Rae also visited the province. Ranjit Rae and the ship’s commanders …

Prime Minister Nguyen Tan Dung has given the nod to a US$2.5 billion seaport project in Ca Mau Province proposed by the Ministry of Planning and Investment and the Mekong Delta province. The province has been told to complete procedures for the Hon Khoai seaport project while the ministry will …

Saigon Port Company Limited sold out 35.71 million shares bringing VND411.13 billion (US$18.83 million) in its initial public offering organized at the Ho Chi Minh City Stock Exchange on Tuesday. The sold shares account for 16.51 percent of the company’s chartered capital. Thirty nine investors attended the auction session, including …

To deal with chronic traffic congestion on a major road leading to Cat Lai Port in District 2, HCMC is seeking approval from the Government to build an overpass and a tunnel there. In its recent document submitted to the Government, HCMC proposes implementing the project at My Thuy Roundabout …

Tan Cang – Hiep Phuoc seaport, which is capable of handling 50,000-70,000 DWT ships, was inaugurated in Nha Be district, Ho Chi Minh City on May 19. Its construction, sprawling over 18.7ha, was divided into two phases at a total cost of 1.5 trillion VND (71.4 million USD). With a …

Freight Link Capital based out of Singapore has submitted a US$114 million investment proposal to the Ministry of Transport to construct two additional wharfs at the Vung Ang Port area of the Ky Anh district in the central province of Ha Tinh. As proposed the wharfs would be operated by …

The southern province of Ca Mau has approved a plan worth VND1.7 trillion (US$78.2 million) to upgrade the sea dykes along its west coast. The plan will be implemented over the next two years with VND650 billion (US$29.9 million) funded by a climate change response programme and VND782 billion (US$36 …

Cai Mep, Baria Vung Tau, Vietnam  On February 20, 2017 CMIT (Cai Mep International Terminal), a joint venture between Vinalines, Saigon Port and APM Terminals, received the trial call of the m/v Margrethe Maersk 194,000 DWT, the EEE- Class vessel of Maersk Line, in excess of 18,000 TEU capacity. …