Vietnam’s Prime Minister Nguyen Xuan Phuc has greenlighted the expansion of Lạch Huyện Port to two more terminals in the next 6 years, with the first terminal expected to be operational by 2022.
Port operator Hai Phong Port Joint Stock Company, a subsidiary of state-owned Việt Nam National Shipping Lines (Vinalines), will spearhead the project and has invested around USD 300 million. The Ministry of Planning and Investment oversaw the project’s efficient implementation and use of the capital investment.
Currently, Lạch Huyện Port has two existing terminals with a total annual capacity of 1.1 million twenty-foot equivalent units (TEU). The proposed two additional terminals will have a total length of 750m, and will be able to receive ships of up to 100,000 deadweight tonnage (DWT), doubling the port’s current capacity.
Lạch Huyện Port is one of the largest deep-water ports and the largest port in Northern Vietnam. It is also one of the ports identified in the government’s master plan for seaport priority development, together with those in Lien Chieu in Danang City, Tran De in Soc Trang province and Hon Khoai in Ca Mau province.
(Sources: VietNam News, Vietnam Plus)