The Vietnamese freight forwarder Gemadept has obtained the license Thursday to build a VND3.7 trillion (US$229 million) international port in central Vietnam .
The Gemadept Nhon Hoi International Port Joint Stock Company will develop the Nhon Hoi International Port in Binh Dinh province’s Nhon Hoi Economic Zone (EZ).
The two main 480-meter berths will be built in the first stage, allowing the port to accommodate 30,000-ton ships.
The port is designed to have annual cargo throughput of 3 million tons by 2010 and 12 million tons by 2020 when in full performance.
The project is expected begin by the end of September.
The VND70 billion Gemadept Nhon Hoi International Port Joint Stock Company is a joint venture between the Gemadept Corp, Vietnam largest listed freight forwarder, which holds 55 percent of the company, and the Saigon-Nhon Hoi Industrial Park Joint Stock Company and other partners.
The Ho Chi Minh City-based Gemadept Corporation is engaged in one other joint venture in Vietnam that is building a $35 million deepwater seaport in the central Dung Quat EZ – home of the country’s first oil refinery.
The 12,000-ha Nhon Hoi EZ was developed to house industries including agricultural processing, forestry and aquatic products, construction materials manufacturing, seaport logistics, petro-chemistry, manufacturing electronic goods and electric materials; textiles, garments and footwear for export.
The EZ has attracted numbers of projects worth VND9.5 trillion to date focusing on commercial-service-tourism complex, IP infrastructure and telecoms.
Source: Thanh Nien
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