Operation News

Saigon Newport Corporation was approved to invest in berths 7 and 8 of Lach Huyen port


Saigon Newport Corporation was approved to invest in berths 7 and 8 of Lach Huyen port

According to Decision No. 428/QD-TTg, dated April 21st, 2023, the Prime Minister approved the investment policy and approved SNP as the investor of berths 7 and 8 of Lach Huyen port, Hai Phong Port.

The scale of the project includes: Investing in building 2 berths with a length of 900m (each berth is 450m long) to receive up-to-12,000-teu-container vessels or up-to-18,000-teu-container vessels if they meet the infrastructure and safety requirement; 1 barge berth with a length of 200m to receive up-to-160-teu-barges; equipment system for cargo handling; port protection construction, warehouses, infrastructure, port basin connecting to Lach Huyen public channel; the project scale is about 79.86 ha (including the 22.332 ha of terminal basin).

The total investment capital of the project is about 12,792,637 billion VND, of which the investor's contributed capital (SNP) is about 1,918.896 billion VND; mobilized capital is about 10,873,741 billion VND. The project's operational term is 70 years; the project implementation schedule is 5 years (2023 - 2027).

The investment project of Terminals 7 & 8 of Lach Huyen port, Hai Phong Port would meet the objectives of Vietnam's maritime strategy, ensuring national sovereignty over the sea and islands; specifying the approved master plan of Vietnam's seaport system; facilitating import-export activities between Northern Vietnam and Europe, America; taking advantages of natural conditions and geographical location to develop Dinh Vu - Cat Hai economic zone, including a port network, logistics services and hinterland industrial parks; gradually completing the infrastructure, effectively promoting SNP’s capability in port operation, logistics services, making an important contribution to the industrialization and modernization of the country, and boosting socio-economic development of Hai Phong city in particular, of the Northern region in general.
Saigon Newport Corporation affirms that investment activities in Hai Phong city is an important goal in the development strategy to become Vietnam's leading defense economic corporation in the marine economy.