HANOI, 11th November, 2022 (WAM) -- Vietnam needs 147 trillion VND (over US$5.91 billion) to upgrade seaports over the next two years, with an amount of 251 trillion VND by 2030.
The figures were announced at a conference hosted by the Ministry of Transport (MoT) earlier this week.
In his keynote speech, Deputy Minister of Transport Nguyen Xuan Sang said that after 20 years of development, Vietnam's seaport system has formed a network with a length of 90km, capable of supporting and delivering 750 million tonnes of goods per year, rivalling regional and international seaports.
"Our main seaports have upgraded their capabilities and qualities, able to take ships weighing 30,000 tonnes to hundreds of thousands of tonnes," said Sang.
"Ba Ria-Vung Tau Port have taken ships weighing 214,000 tonnes, while Hai Phong Port in Lach Huyen have taken ships up to 145,000 tonnes."
According to ministry officials, Vietnamese seaports dealt with 90% of import and export goods.
For Inland Container Depots (ICDs), Sang also said that these are slowly garnering investment in areas with high volume of containers.
"ICD helped a lot in organising transportation network across the country, making use of the regional advantages and create goods delivering system that can handle high volumes, inexpensively and with less pollution," said Sang.