Vinashin - TGC Container Joint Venture Co. Tuesday inaugurated Vietnam's first container manufacturing plant in the northern province of Hai Duong Tuesday.
Gemadept, one of the country’s biggest forwarders, began building a VND3.7 trillion (US$230 million) international port in the central province of Binh Dinh Friday.
Seaports in Vietnam needed to be modernized and expanded to handle bigger vessels for international trade, said a Vietnam Maritime Bureau senior official.
The severe shortage of ports and related infrastructure could soon hold up Vietnamese exports with cargo volume forecast to rise 25 percent annually, according to experts at a recent conference.
A Vietnam port registration authority reports obsolescence among Vietnamese vessels has put them among the top ten in a list of those detained while docked in foreign ports.
Some US$4.5 billion may be invested in port building in Vietnam and a similar amount in related infrastructure by 2012 to ease congestion as cargo volume is forecast to rise 25 percent annually, an official said.
SP-PSA, a Vietnam-Singapore joint venture, broke ground Friday for an international container port in the southern Vietnamese province of Ba Ria-Vung Tau .
Vietnamese tissue paper maker Hapaco aims to start construction of a 20,000-barrels-per-day oil refinery in the northern port city of Hai Phong in December, local media reported Thursday.
