Hai Ha IZ to host VND1 trillion multi function port project

This is the second large-scale port project at Hai Ha IZ. The first stage of the 24.5 hectare project consists of building a corner wall embankment, a storage yard and warehouse complex, and a weighing station, among others.

Construction is slated to kick-off within the year, and the project is due to be operational by the third quarter of 2018. At such a time it will have the capacity to welcome ships with a dead weight tonnage of between 1,000 and 3,000DWT, and barges between 300 and 600DWT. The port is expected to handle ships with total carrying capacity reaching 412,000DWT by 2020.

Hai Ha IZ has been approved for investment since January 23, 2008. The highlight of the IZ is the large-scale investment of Hong Kong’s Texhong Corporation. The first-phase of Texhong-Hai Ha IZ project covers 660ha in Quang Dien ward, with the total investment capital exceeding VND4.52 trillion ($207 million).

The project will encompass industrial factories, an administrative centre, industrial zone service facilities, technical infrastructure, landscaping, and will leave some space for future expansions.

With a view to creating a centralised IZ to satisfy investors’ growing demands, Texhong-Hai Ha IZ is the biggest wholly foreign-invested IZ in the province.

Texhong Corporation has also established Texhong Ngan Ha Technology and Science Ltd. to build modern industrial sewing facilities in Texhong-Hai Ha IZ, altogether valued at VND6.4 trillion ($293 million).

This project consists of three spinning factories with 300,000 spindles and a range of supporting facilities, as well as two dyeing factories with 1,200 sewing machines and dyeing devices. The project is expected to be completed by 2017.