Thursday, November 28, 2024 9:37:05 AM - Markets open
VN-INDEX 1,248.33 +6.36/+0.51%
HNX-INDEX 224.40 +1.31/+0.59%
UPCOM-INDEX 92.33 +0.37/+0.40%
New master plan for seaports needed to further boost economic development
Vietnam News - 6/1/2021 9:38:30 AM
 (0 ratings. You must sign in to rate.)
A new master plan for seaports is needed to further boost the country’s socio-economic development in the rapid international integration process, experts have said.
 
With a coastline stretching over 3,000 km, Việt Nam has a maritime and inland waterway transport system that plays an important role in the country. Every year, the seaport system handles up to 90 per cent of import and export cargo, contributing significantly to economic growth.
 
The seaport system saw the volume of containers transported increase by more than 15 times in the 2001-19 period and was entering a new phase with new requirements for development.
 
According to Nguyễn Đức Kiên, Head of the Prime Minister’s Economic Advisory Council, around 80 per cent of the volume of goods traded between countries was handled by sea transport. Similarly, the percentage in Việt Nam was 90 per cent, meaning that most of the country’s annual import and export goods were through the seaport system.
 
“Just look at the operation of the seaport system, one can see that country’s economic development,” Kiên said.
 
Kiên pointed out a number of advantages of maritime transport, including that it could handle large quantities and long distance at low costs. “The economic development will affect the development of maritime transport and vice versa, when sea transport develops well, it will promote economic growth.”
 
Chu Quang Thứ, former Director of the Việt Nam Maritime Administration, said the seaport system saw significant development over the past two decades.
 
As of the end of April, there were 286 ports across the country with a total wharf length of 96 km, more than 4.5 times longer than in 2000. The seaport system handled a total cargo volume of more than 692 million tonnes in 2020, 8.4 times higher than 2000.
 
The seaport system was developed in association with the the country’ economic hubs and regions, such as Quảng Ninh and Hải Phòng ports for the northern key economic region, Thừa Thiên – Huế, Đà Nẵng, Dung Quất and Quy Nhơn for the central key economic region, HCM City, Bà Rịa – Vũng Tàu and Đồng Nai for the Southeast region and Cần Thơ and An Giang for Cưu Long (Mekong) Delta region.
 
Việt Nam has set up 32 maritime transportation routes, 25 of which are international.
 
With open investment policies, Việt Nam has attracted many global port operators and shipping lines to invest in the seaport system, such as the UAE’s DP World, the US’ SSA Marine, PS from Singapore, APMT from Denmark, and Hutchison Port Holding from Hong Kong.
 
However, there was a lack of consistency between seaport planning and socio-economic development planning of localities and other industries, Nguyễn Xuân Sang, Director of the Việt Nam Maritime Administration, said.
 
The transport infrastructure system was becoming overloaded and outdated, which together with rapid urbanisation, industrialisation, coastal urban areas and tourism areas development resulted in congestion at some ports.
 
“It is necessary to develop new master planning for the seaport system of Việt Nam to ensure synchronous development and meet the country’s requirements for industrialisation and modernisation,” Sang said.
 
Lê Tấn Đạt, deputy director of the Construction Consultation Joint Stock Company for Maritime Building, said that the seaport master plan for the next period should take advantage of the favourable geographical locations and natural conditions combined with science and technology advancements to ensure comprehensive development and contribute to improving competitiveness of the system.
 
The new planning should focus on investment in key seaports to become pillars for the maritime economy and promote the development of the logistics industry.
 
The seaport planning in the next period should give priority to the development of international gateways and transshipment ports in Hải Phòng City in the North and Bà Rịa – Vũng Tàu Province in the South and for the central economic region. Seaport clusters would also be developed to serve socio-economic development, including Hải Phòng – Quảng Ninh, Nghi Sơn (Thanh Hóa) – Đông Hồi (Nghệ An), Đà Nẵng – Quảng Nam – Dung Quất (Quảng Ngãi), Quy Nhơn (Bình Định) – Vân Phong (Khánh Hòa) and HCM City – Cái Mép Thị Vải.
 
Minister of Transport Nguyễn Văn Thể asked the Việt Nam Maritime Administration to evaluate the current situation of the seaport system to raise development orientations in line with forecasts.
 
Thể said that special attention would be attached to developing the seaport system for the Mekong Delta region which had abundant sources of agricultural products for export but the seaport system remained poorly developed.
 
He said the Mekong Delta region needed a deep-water seaport which together with Cần Thơ Airport would promote the economic development of the region. — VNS
 
Read original article here
 
Newer News
09:23 Innovative Vietnamese start-ups must draw resources from international and domestic corporations: PM
27/11 Da Nang strives to early pilot free trade zone model
27/11 Vietnam's pepper exports surpass $1 billion In first 10 months
27/11 Excise tax increase on alcohol may reduce GDP: experts warn
27/11 Binh Duong speeds up public investment disbursement to boost growth
27/11 Telecoms service providers invest in 4G, 5G technologies
27/11 Electronic traceability for seafood products boosts transparency for export
26/11 Proposal on establishing railway joint venture considered
26/11 E-commerce is chance and challenge for domestic goods
25/11 Vietnam named among the 30 largest export economies
Older News
20/05 Plan for implementation of UKVFTA adopted
18/05 WB: Most of Vietnam's economic indicators in April good
15/05 Vietnam eyes 600 billion USD in export turnover in 2021
15/05 COVID-19 makes nearly 10 pct of domestic firms lack capital: official
14/05 Credit institutions asked to tighten loans in “overheating” sectors: SBV
10/05 Bright growth outlook for Việt Nam in 2021: experts
10/05 Vietnamese firms’ overseas investment surges in first four months
10/05 Disbursement of State-funded public investment in April at record since 2017
05/05 Vietnam posts positive signs in FDI attraction
01/05 Những chính sách có hiệu lực từ tháng 5
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 9:35:00 AM
VN-INDEX 1,248.33 +6.36/+0.51%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.