HCMC – The government of Haiphong City yesterday, November 17, broke ground on a sea embankment project in the Dinh Vu-Cat Hai Economic Zone.
The municipal government earlier assigned the Haiphong management board of urban development projects and economic and industrial zones to serve as the project’s investor, said Nguyen Manh Ha, head of the management unit.
The Nam Dinh Vu sea embankment will span 77.07 hectares on Dinh Vu Peninsula in Hai An District and have a total length of over 12.7 kilometers.
The project will require an estimated VND2.2 trillion, with 60% funded by the central and local budget and the rest backed by two private firms. It is slated for completion in late 2025.
According to Nguyen Duc Tho, vice chairman of the municipal government, Haiphong has a coastline of over 126 kilometers and holds a key position in the northern coastal region.
The Dinh Vu-Cai Hai Economic Zone, which covers an area of over 22,000 hectares, has potential for logistics development thanks to the city’s adequately built seaport, airport and road system. This is expected to enable investors to reap fruitful results in business and production, contributing to the city’s socioeconomic growth.
Therefore, once put into service, the Nam Dinh Vu sea embankment project would help ensure the safety of some 2,000 hectares of sea-encroaching land used to build an industrial zone on the south of Dinh Vu Peninsula. In addition, it would bolster investment, offer job opportunities for 100,000 people and ensure the safety of the entire southern coast of the peninsula.