- Vietnamese port offers amnesty to bankrupt S.Korean shipping giant
- First phase complete at $200-million international container port in HCMC
Vietnam's central city of Da Nang is planning to construct a giant port at a cost of $1.4 billion to meet the increasing logistics demands. The first component will cost $459.38 million, with funding sourced from the city’s budget and ODA loans. The second has a massive price tag of $1.02 billion, and will have to rely on bank loans.
The construction of the project has been broken down into three phases. The first phase is expected to be completed by 2020, with the second finished in 2030 and the project completed by 2050.
The existing Tien Sa Port is operating at its maximum capacity of 10.4 million tons per year and is unable to meet the increasing demands of cargo and warehouse space, according to the contractor Tediport.
The city plans to increase its annual capacity to 12 million tons of cargo, but that still won't be enough to cope in the years to come.
Related news:
> First phase complete at $200-million international container port in HCMC
Từ vựng liên quan
Tin tức liên quan
Bankrupt US retail giant Sears owes Vietnamese firm $4 million
business | 333206607Sears, a U.S. retail titan that has filed for bankruptcy, owes a Vietnamese textile company upwards of $4 million.
Vietnam’s manufacturing grows strongly as orders hit 18-month high
business | 327756616Job creation quickened for the eighth month straight in November.
HCMC outbreak designated ‘high-risk’
news | 346406639In line with government criteria on vaccine coverage and community infection rates, HCMC is now an ‘orange’ zone, interpreted as ‘high risk’.
Foreign companies cry out over new fees at Vietnamese port
business | 338216615Hai Phong Port, the country's second largest, has started collecting money for infrastructure upgrade, a move many call unfair.
Vietnam Electricity reports sharp fall in profits on power production
companies | 312716601Vietnam Electricity’s profits from power production plummeted last year due to rising costs, a new report from the state utility said.
Vietnam needs to be proactive about Industry 4.0 policies: WEF president
business | 316486613Borge Brende says Vietnam needs to tap into artificial intelligence and blockchain technologies.
Minor accident causes severe traffic jam in Hanoi
news | 248936613When a small incident leads to a two-hour tailback, it shows what the city's transport department is up against.
Vietnam's Bamboo Airways to sign $2 bln deal with GE for engines on Boeing jets
business | 333026613Vietnam's Bamboo Airways will sign a deal valued at nearly $2 billion with General Electric to purchase GEnx engines to power Boeing 787-9 Dreamliner aircraft, the airline said on Tuesday.
Vietnam endures world’s 'worst weather impacts': experts
news | 131626630Experts believe flooding in central Vietnam is a result of complex, future "new normal" weather patterns.
Vietnam unwavering on casino ban for locals
business | 309496608The Ministry of Finance holds the cards when it comes to this call.