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  • News
  • 27 September 2021

Expanding gateway ports connecting international trade

The formation of modern international gateway ports to reduce logistics costs and become an essential link in the intra-Asia and far-sea shipping chain. According to the Ministry of Transport report, up to 90% of imported and exported goods go through the seaport system, making an essential contribution to the country’s economic development.

With the motto that the seaport infrastructure system is constantly developed one step ahead, over the years, the policy of diversifying capital sources for the development of Vietnam’s seaports has contributed to increasing the capacity of goods clearance and the gateway for trade between the countries. 

Socialization of port infrastructure investment

According to the Vietnam Maritime Administration statistics, after two decades of developing seaports according to the approved planning, Vietnam’s seaports have shaped a port system of 45 ports (32 inland seaports and 13 oil and gas ports offshore) is 286 ports with about 96.2km of wharf length, with a total capacity of 650-700 million tons/year.

Seaport enterprises develop thanks to free trade agreements.

In the next period, the authorities will continue to perfect the mechanism to mobilize diverse domestic and foreign resources to participate in investment according to the planning through investment firms by law provisions. Prioritize significant investment capital sources, ensure seaport development in a synchronous direction, go straight to modernity, do not invest in small and scattered investments in large-scale seaports and harbors.

To meet the demand for goods, Vietnam’s seaport system should be planned by the provisions of law, advantages of natural conditions, and the economic development needs of each locality and region. There is a hierarchy of roles of each port and orientation of connecting seaports to cargo terminals to form a unified whole.

According to Mr. Pham Quoc Long, Deputy General Director of Gemadept Joint Stock Company, for domestic and foreign investors to pour capital into Vietnam’s seaports, one of the prerequisites is the price of handling services at the port (revenue port enterprises) must be on par with the region (currently only 70-80% of loading and unloading prices in Singapore) and soon improve the transport system connecting to seaports.

(Source: baodautu)