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Haiphong attracts Japanese interest

Haiphong attracts Japanese interest

Hanoi: Japan's Mitsui.O.S.K Lines Ltd, Nippon Yusen KK and Itochu Group, are planning a joint-venture with Vietnam National Shipping Lines (Vinalines) to construct a large container port in Haipong, reported the Japan's newspaper Nikkei on August 12.
The project will have a total investment capital of US$350 million, 51 percent of which comes from Vinalines. The rest is equally divided among the three Japanese groups.
When completed in 2015, the port will handle about 855,000 teu, about half the total handling capacity of Vietnam's northern port.
Nikkei also reported that the Japanese government is considering lending Vietnam US$940 million to improve the infrastructure of its northern region.
While Vietnam has seen a boom in the number of decent ports opening up in the south of the country of late, terminal investment up north has been lacking with only Maersk and SSA expressing interest to develop facilities there.  [13/08/10]

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