Vung Tau to invest in logistics, port

September 28, 2018 | 15:31

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Ba Ria–Vung Tau Province plans to build a new logistics centre and container port with total investment of VND50 trillion (US$2.17 billion).

Ba Ria–Vung Tau Province will have a new logistics centre and container port, with a total investment of VND50 trillion.-Photo sggp.org.vn

The Government Office recently released Vice President Trinh Dinh Dung’s statement regarding the construction of the Cai Mep Ha logistics centre and Cai Mep Ha container port in the province’s Phu My Commune.

The Cai Mep Ha logistics centre will have a total area of 1,200ha, with an estimated investment of VND40 trillion ($1.74 billion).

To ensure investment efficiency, the Geleximco Group’s Ha Noi Import and Export Company is responsible for exchanging information and working with the investor on the outcome of this joint-venture project, as well as the exploitation and use of ports.

The provincial People’s Committee will give instructions to the company on investment procedures, land lease, land allocation and construction investment in accordance with the law and requirements for economic growth of the province and southern key economic areas.

Cai Mep Ha container port will be developed on an area of 86.6ha with total investment of VND10 trillion.

The Vung Tau Shipbuilding and Oil Services Joint-Stock Company will be the investor.

VNA

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