Vinalines plans $302m project as country captures production from China
Vietnam National Shipping Lines, the state-owned marine transporter known as Vinalines, won approval recently to build two large container terminals at a northern port in a 7 trillion dong ($302 million) project.
The Vinalines project will roughly double the docking space at Lach Huyen International Gateway Port, off the coastal city of Haiphong, adding to the pair of mega terminals that opened there in May. The four installations will support the surge of production capacity being relocated from China, where labor costs are rising.
Local media reports cite Hanoi’s approval of the Vinalines proposal. The combined length of the two planned terminals will be 750 meters, enough to accommodate large container ships. No timeline for completion has been disclosed.
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