15:28 | 09/03/2016 Economy- Society
The Cam Ranh International Port in the central coastal province of Khanh Hoa was inaugurated at a ceremony on March 8.
Flag raising at Cam Ranh Port (Photo: VNA)
Speaking at function, President Truong Tan Sang hailed the Saigon Newport Corporation and the Vietnam Oil and Gas Group (PetroVietnam) for completing the first phase of this important project.
He urged the Saigon Newport Corporation to step up the implementation of the second phase of the project, ensuring its progress and quality.
Once completed, Cam Ranh International Port is expected to become the biggest port in Vietnam in terms of wharf length, which could handle 18 ships at one time and accommodate ships of up to 110,000 DWT.
It is capable of receiving 185 ships each year, and is designed to protect ships against 8-level wind and storms.
The port will serve both civilian and military vessels.
Cam Ranh Bay holds a strategic position in the East Sea due to its proximity to international navigation routes and Hoang Sa (Paracel) and Truong Sa (Spratly) Archipelagos, as well as to oil and gas areas in the south-east continental shelf of Vietnam./.