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Major upgrade planned for Vietnam's port system by 2030: Reports

27 May '24
2 min read
Major upgrade planned for Vietnam's port system by 2030: Reports
Pic: Adobe Stock

Insights

  • Vietnam's port system will be upgraded to handle between 1.25 and 1.5 billion tons of cargo annually by 2030, as part of plan to enhance international gateway ports.
  • Development will concentrate on international gateway ports at Lach Huyen in Haiphong and Cai Mep – Thi Vai in Ba Ria – Vung Tau.
  • International transshipment port planned for Can Gio in HCMC.
Vietnam’s port system is set for a major upgrade to handle between 1.25 and 1.5 billion tons of cargo annually by 2030. This comprehensive plan aims to enhance key international gateway ports.

This is as per media reports, which added deputy prime minister Tran Hong Ha signed Decision No. 442/QD-TTg, amending the master plan for the development of Vietnam’s port system for 2021-2030, with a vision extending to 2050.

This decision emphasises Ho Chi Minh City’s (HCMC) port as a potential major maritime hub.

The revised targets surpass those outlined in Decision No. 1579/QD-TTg of 2021. By 2030, the system is expected to handle 46.3 to 54.3 million TEUs (twenty-foot equivalent units) of container cargo and accommodate 17.4 million to 18.8 million passengers, exceeding earlier projections.

Infrastructure development will concentrate on international gateway ports at Lach Huyen in Haiphong and Cai Mep – Thi Vai in Ba Ria – Vung Tau. Additionally, an international transshipment port is planned for Can Gio in HCMC.

This initiative aims to create a large-scale transshipment cluster at the Cai Mep river mouth, incorporating Cai Mep and Can Gio berths to meet regional and global shipping needs even as ports along the Saigon River will be relocated, with studies underway to integrate other port areas with HCMC’s urban growth.

By 2050, the port system aims to support an average annual cargo growth rate of 4.2 per cent to 4.8 per cent and a passenger growth rate of 1.2 per cent to 1.3 per cent.

The plan also includes the gradual development of an international transshipment port at Van Phong Port in Khanh Hoa Province and the potential development of Tran De Port in Soc Trang Province to serve the Mekong Delta.

This strategic upgrade of Vietnam’s port system is designed to bolster the country's capacity to manage increasing cargo and passenger traffic, reinforcing its position as a crucial hub in regional and global trade networks.

Fibre2Fashion News Desk (DR)

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