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Vietnam to see new port facility

Ho Chi Minh city: Vietnam Deputy Prime Minister Nguyen Sinh Hung (pictured) has approved a joint venture by state run companies Vietnam National Shipping Lines (Vinalines) and PetroVietnam to develop a port complex. The project, estimated to cost $637m, will be funded from a combination of domestic and international sources

The new complex will be situated in the Ben Dinh-Sao Mai area and will offer container handling, oil and gas services, a shipyard and a petroleum depot. Upon completion, the facility will have an annual 25-50m metric tonne handling capacity

The minister has warned both companies to stick to the schedule and begin work on the port by the end of this year.  [17/04/07]

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