Singapore company seeks to expand Vung Ang Port
As proposed the wharfs would be operated by a 100% foreign owned entity. The venture to alleviate the overcrowded port has already been given the green light by the management board of the Vung Ang Economic Zone.
Once constructed the two wharfs would span a total length of 500m capable of handling vessels of up to 50,000 DWT with the added capacity to service cargo and containers for not only the Formosa Ha Tinh Steel Complex but the entire region.
Li Weimin, Freight Links Capital President said the two additional wharfs are needed to meet the future projected demand for unloading cargo, machinery and equipment and clear congestion due to increasing cargo volumes.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Vietnamese consumers careful amid economic volatility (November 11, 2024 | 13:55)
- Vietnam Airlines JSC plans to wet lease aircraft for delivery in January 2025 (November 11, 2024 | 10:00)
- EDC partners with FPT to enhance Vietnam-Canada trade ties (November 07, 2024 | 18:34)
- Vietnam's digital economy estimated to reach $36 billion in 2024 (November 07, 2024 | 13:52)
- Authorities looks to tackle influx of cheap foreign goods (November 07, 2024 | 10:44)
- Low-value e-commerce goods a target for VAT switch (November 07, 2024 | 10:31)
- Honda Vietnam races ahead with electric product launches (November 07, 2024 | 10:17)
- Union rights closer for non-nationals (November 07, 2024 | 08:00)
- Home Credit partners with Be Group to promote Home PayLater (November 05, 2024 | 08:58)
- SK Group completes sale of 76 million Masan Group shares (November 04, 2024 | 18:22)
Mobile Version