Investors currently have many opportunities to participate in maritime projects worth more than 300,000 billion VND after Vietnam’s master plan on seaport system development is approved.
The Vietnam Maritime Administration is about to submit to the Ministry of Transport for approval the policy and resources to implement the master plan on Vietnam’s seaport system development in 2021 – 2030, with a vision to 2050.
The master plan in 2021 – 2030 is among the five national plans developed by the Ministry of Transport and approved by the Prime Minister.
So far, on a national scale, these are also the first development plans of sectors approved by the competent authority out of 38 national sector plans that will have to be completed under the Planning Law.
Under the master plan on development of Vietnam’s seaport system in the period of 2021 – 2030, with a vision to 2050, state capital will be invested in public maritime infrastructure, with a total amount of 13,859 billion VND for 2021-2025 and 2,856 billion VND for 2026-2030, according to a source from the Vietnam Maritime Administration informed.
The highlight in the plan, policy, solutions and resources for the implementation of the master plan is the list of seven infrastructure development projects using non-budget capital sources.
The total capital needed for these projects in the 2021-2025 period is about 150,357 billion VND and about 146,643 billion VND in the 2026-2030 period. Among them are projects that are attracting special attention from domestic and foreign investors such as Lach Huyen port, Tran De – Soc Trang port, Nghi Son – Thanh Hoa port, Cai Mep Ha port and the shallow port system.
Mr. Tran Khanh Hoang, Vice Chairman of the Vietnam Seaports Association, said the overall traffic development plans will be an important premise for provinces and cities to more clearly define the development orientation in their local planning.
Minister of Transport Nguyen Van The said the ministry will coordinate with relevant agencies to develop detailed plans and specific roadmaps. The Ministry will also propose a mechanism to mobilize non-state capital sources such as ODA, private capital and social capital to implement the master plan.
The seaport industry is expected to continue to grow strongly this year thanks to active import and export activities and the fact that Vietnam remains an attractive destination for FDI inflows.
The planning of Vietnam’s seaports for the next decade sets a target of creating a breakthrough in the seaport system and the attraction of more foreign investment.