BA RIA-VUNG TAU CALLS FOR INVESTMENT IN 17 SEAPORT PROJECTS

Calling for investment into ports is one of the five sectors that Ba Ria-Vung Tau will focus on to realise its target to become one of the three provinces attracting the highest foreign direct investment this year.

Ba Ria-Vung Tau People’s Committee has assigned the Department of Transport to collect information and statistics of all seaports and local water ports in the province, while simultaneously co-operating with the Department of Planning and Investment to check and build plans to call for investment in projects in the planning.

The Department of Planning and Investment will check the province's ports which have come into operation but have yet to reach their designed capacity in order to identify appropriate support measures for the project investors.

According to the Department of Transport, there are 69 seaport projects included in the planning of Ba Ria-Vung Tau. 48 projects are already operational, while four are under construction, 10 projects have yet to be implemented, and investors ignored the remaining seven projects.

The planning of the Cai Mep-Thi Vai area includes 35 ports. 22 of these operate smoothly, while two are currently undergoing construction and nine others have yet to be kicked off. The remaining two projects have not managed to attract investors.

A total of 26.4 million tonnes of cargo has gone through the seaports of Ba Ria-Vung Tau in the first three months of this year. The volume of goods handled by ship reached 17.7 million tonnes (up 11 per cent). The total volume of container cargo reached 13.3 million tonnes (up 27 per cent). The volume of containers handled by ship reached 7.4 million tonnes (up 18 per cent).

Ba Ria-Vung Tau has set the target of becoming one of the three provinces attracting the highest foreign direct investment this year. Thus, it has been calling on investors with deep pockets and extensive experience as well as advanced technology to invest in large-scale projects. The five main areas it focuses on to attract investment are industry, ports, logistics, tourism, and high-tech agriculture.

Source: VIR