Vinalines Chosen for Port, Shipping and Logistics Projects
- Business & Finance
Vietnam National Shipping Lines (Vinalines) has been assigned a large number of port, shipping and logistics services construction projects by the Government of Vietnam.
The investment, development and business and production plans, which were approved on February 27, are set to boost Vinalines’ presence in the country’s maritime sector over the period from 2016 to 2020.
Namely, Vinalines will be responsible for developing some seaports at Lach Huyen International Port complex in the northern coastal city of Haiphong.
The project invested by Haiphong Port Company Limited to build a Haiphong International Gateway Seaport will be carried out in 2017-2020. In addition, Lien Chieu Port in the central coast city of Danang will be developed by Danang Port Joint Stock Company in the 2017-2024 period.
In terms of shipping, the government has asked Vinalines to develop a specialized ship fleet and decommission old vessels.
Additionally, the company is required to boost investments in inland container depots (ICD), logistics centers, and goods distribution center in Lach Huyen (Haiphong), Hanoi, Danang, Can Tho, HCMC, Bac Ninh, Hau Giang, Gia Lai, Binh Duong, and Dong Nai provinces.
Vinalines now has to map out a detailed investment plan and implement these projects under the prevailing rules.