WASHINGTON: Nha Trang Port JSC has received a licence to revive Van Phong Port in the central Vietnamese province of Khanh Hoa, which stalled several years ago after the original investor ran out of funds.
Hoang Dinh Phi, deputy head of the Van Phong Economic Zone – where the port will come up – said an investment certificate had been issued for the 417-billion-dong (Bt655 million) first phase of the port. The port, to come up on 42.21 hectares in Van Thanh Commune in Van Ninh district, can berth 50,000-ton vessels and handle 1.5 million to 2 million tonnes of cargo a year.
After 2020, the port will get two more terminals that can handle 1 million to 1.5 million TEU (twenty-foot equivalent units) of cargo a year. The work will be funded by internal resources (200 billion dong) and loans or sale of stakes (217 billion dong), according to Nha Trang Port JSC.
