Want to be in the loop?
subscribe to
our notification
Business News
PROPOSAL ON INTERNATIONAL SEAPORT IN SOC TRANG TO BE SUBMITTED TO PM
At the end of the year, the government of the Mekong Delta province of Soc Trang will submit to the prime minister a proposal to upgrade the Tran De deep-water seaport in the province into an international port (IA grade), according to Soc Trang Vice Chairman Le Thanh Tri.
At a mid-term conference in Can Tho City last weekend on the execution of the plan for socioeconomic development and medium-term public investment for the 2016-2020 period in the Mekong Delta and southeast regions, Tri said that the project proposal had been sent to the Ministry of Transport. The seaport is expected to serve as an international gateway or transit point, contributing to the country’s socioeconomic development.
The Soc Trang government has worked with the Vietnam Maritime Administration on the project and will consult the relevant ministries and agencies in November or December, Tri said, adding that he looked forward to the support of the Ministry of Planning and Investment.
The Ministry of Transport had earlier agreed in writing to the submission of the proposal of the Soc Trang Government for the PM’s approval.
The seaport is expected to accommodate ships weighing from 50,000 DWT to more than 100,000 DWT, serving the Mekong Delta’s direct imports and exports.
At a meeting between the provincial government and Minister of Transport Nguyen Van The in March, Soc Trang Chairman Tran Van Chuyen stressed that several investors, including International Local Development Consortium (ILDC) from France, had expressed keen interest in the project.
ILDC had proposed investing some VND136.5 trillion (US$5.9 billion) in the Mekong ILDC deep-water seaport complex, consisting of a seaport, a service area and an urban and industrial area, covering 6,000 hectares.
Under the prime minister’s Decision 1037/QD-TTg on developing the national seaport system by 2020 with a vision to 2030, the two IA seaports are in Haiphong and Ba Ria-Vung Tau. The seaports that have the potential to become IA ports are in Danang City and Khanh Hoa Province.
Source: The Saigon Times
Related News
THE BEST ACTORS LIVE CONCERT - A NIGHT WITH HONG KONG'S TVB LEGENDS
This July, renowned Hong Kong actors and singers Ruco Chan and Joel Chan are set to take the stage at The Grand Ho Tram for an unforgettable evening at THE BEST ACTORS LIVE CONCERT. From beloved TVB soundtrack classics to heartfelt live performances, this exclusive event offers fans a rare opportunity to reconnect with the stars who have defined countless iconic television moments.
PHONE BOOTH - A PRIVATE SPACE SOLUTION FOR MODERN OFFICES
In open office environments, privacy and focus are essential to improving productivity. Phone Booths provide independent soundproofing, allowing you to make calls, attend online meetings, or have private conversations without interruptions. Elegant, modern design, space-saving, and easy to integrate into any office layout.
A PROFESSIONAL SOLUTION FOR SAFEGUARDING YOUR VALUABLE ASSETS
In today’s modern life, protecting important documents, cash, and valuables is essential. A secure storage solution not only helps prevent risks from unauthorized access, but also ensures safety for children at home. SentrySafe delivers internationally recognized safe solutions designed to protect what matters most from unexpected risks.
TEXTILE AND GARMENT SECTOR POSTS NEARLY $10 BILLION TRADE SURPLUS IN H1
The textile and garment industry generated an estimated trade surplus of nearly US$10 billion in the first six months of this year, despite weak global demand, intense price competition and continued reliance on imported raw materials. The industry is aiming to achieve its full-year export target of $48 billion. According to the Vietnam Textile and Apparel Association (VITAS), exports reached an estimated $22.2 billion in the first half, up 1.7 per cent from the previous year.
HO CHI MINH CITY PLANS UP TO $600,000 SUPPORT FOR DOMESTIC SEMICONDUCTOR DESIGN PROJECTS
According to Ho Chi Minh City Department of Science and Technology (the drafting authority), although the city is a hub concentrating most research institutes, universities, and microchip human resources nationwide, domestic businesses are still facing enormous financial barriers. The high costs of training, R&D, and equipment investment are bottlenecks that the market cannot regulate on its own.
TRANSPORT INFRASTRUCTURE SPENDING HITS $2.3 BILLION IN FIRST HALF OF 2026
Vietnam disbursed $2.3 billion for key transport infrastructure projects in the first half of 2026, but sluggish spending on two flagship railway projects continued to weigh on overall public investment progress. According to the Ministry of Finance (MoF), the Ministry of Construction (MoC) and local authorities allocated approximately $9.8 billion in state budget investment for major transport infrastructure projects in 2026, accounting for around 22 per cent of the country's total public investment plan.
























