A new channel and container terminal were put into service Thursday at a port in Hai Phong city in northern Vietnam, considerably enhancing the port's capacity.
Vietnam's ports have need to be placed in the right location and have adequate transport in order to prosper, Haiphong port's general director Cao Tien Thu has said.
Construction began Wednesday of a modern container port in the southern Ba Ria-Vung Tau province which is expected to cater to the region's burgeoning transport demand and boost economic growth.
Farmers whose lands are acquired by the government for building a port in Ho Chi Minh City could take part of their compensation in company stocks if an innovative new scheme discussed Friday is accepted.
At the Ceremony of handling the first ton of cargo in the year 2006 organized in December 31rst 2005, Mr. Le Cong Minh, Director General of Saigon Port says:
A large, modern container port will be built in Ho Chi Minh City to meet the burgeoning transportation demand and to spur economic growth in the region.
Cat Lai port in Ho Chi Minh City has become Vietnam's first port to handle 1 million TEUs (twenty-feet equivalent units), or about 1.4 million tonnes, of cargo in a year.
