10:09 | 12/11/2019 Investment
(VEN) - The Vietnam Seaports Association (VPA) recently held its annual meeting in the southeastern province of Ba Ria-Vung Tau to share experiences and introduce solutions for easing seaport problems.
Meeting participants discussed solutions to connect seaports, especially deep-water ports and offered recommendations on price and fee policies, and on attracting investment in logistics infrastructure development.
The meeting was a good opportunity for the province to introduce its investment environment and develop cooperative relations in seaport services and logistics development.
According to a VPA report, in the first half of 2019, container cargo handled at ports totaled more than seven million TEU (tonne equivalent unit), up 16 percent plus from the same period in 2018. The cargo volume handled in the Cai Mep and Thi Vai deep-water ports in the Southern Key Economic Zone alone increased 26 percent.
VPA assessed that Cai Mep and Thi Vai ports have great development potential, and the planned Long Thanh Airport will help develop the ports into an international standard port complex and maritime trade center.
In recent years, Ba Ria-Vung Tau has prioritized the development of seaports and logistics services and committed to creating favorable conditions for port investment.
Ba Ria-Vung Tau has great potential for economic, industrial and foreign trade development. The province accounts for more than 60 percent of Vietnam’s import and export volume. More than 72 percent of Vietnam’s container cargo are handled at the provincial ports.
Ba Ria-Vung Tau also has gateway ports attracting international entrepot goods, and a deep-water port complex capable of receiving large container vessels.