Lach Huyen Port
TAN VU – LACH HUYEN PORT
Tan Vu – Lach Huyen port is the first piloting PPP project between the Government of Vietnam and the Government of Japan where public portion financed by ODA fund and private portion invested by the Joint Venture of Japanese and Vietnamese partners.
Tan Vu – Lach Huyen port’s construction is divided into two parts. Part one is managed by the Vietnam Marine Administration with investment of over VND18.6 trillion sourced from Official Development Assistance and the State budget, covering the building of port infrastructure. The second part, a joint venture of Vietnamese and Japanese enterprises with more than VND6.57 trillion in investment, will build two wharves with a total length of 750 meters, capable of handling 100,000-tonne container ships. Under the Vietnam 2020 seaport development plan, Lach Huyen port is defined as one of the country’s key infrastructure projects that upon completion in 2016 will play a part in transforming Vietnam into a strong sea nation. It will have modern cargo-handling equipment, and be capable of receiving container ships of up to 8,000 TEUs.
Once completed, Lach Huyen port will directly exports from Vietnam to US and European markets and vice versa without having to go through ports in Singapore or Hong Kong. This project aims to contribute to economic development and greater competitiveness in the international market.