VŨNG TÀU TO INVEST IN LOGISTICS, PORT

Bà Rịa–Vũng Tàu Province plans to build a new logistics centre and container port with total investment of VNĐ50 trillion (US$2.17 billion).  

The Government Office recently released Vice President Trịnh Đình Dũng’s statement regarding the construction of the Cái Mép Hạ logistics centre and Cái Mép Hạ container port in the province’s Phú Mỹ Commune.

The Cái Mép Hạ logistics centre will have a total area of ​​1,200ha, with an estimated investment of VNĐ40 trillion ($1.74 billion).

To ensure investment efficiency, the Geleximco Group’s Hà Nội 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.

Cái Mép Hạ container port will be developed on an area of ​​86.6ha with total investment of VNĐ10 trillion.

The Vũng Tàu Shipbuilding and Oil Services Joint-Stock Company will be the investor.

Source: VNS