HCMC – The Ministry of Transport has unveiled a comprehensive plan aimed at upgrading Vietnam’s maritime infrastructure and attracting investment in port development.
The plan outlines strategic upgrades to maritime infrastructure, including deepening waterways and modernizing port facilities to accommodate larger vessels and accommodate the surging trade volumes expected in the coming decade.
Projections indicate a substantial increase in cargo handling through Vietnamese ports, with container traffic anticipated to reach 7.3-8.3 million twenty-foot equivalent units (TEU) and dry bulk cargo expected to reach 145-170 million tons by 2030.
To capitalize on Vietnam’s strategic position in global trade, the plan identifies key ports such as Can Gio in HCMC and Lien Chieu in Danang as potential international transshipment hubs, serving the growing demand for container shipping worldwide.
With tourism and economic growth driving demand, passenger traffic through Vietnamese ports is forecasted to pick up to 17.4-18.8 million by 2030.
The maritime infrastructure development plan requires an estimated investment of VND351,500 billion, equivalent to US$15.2 billion, by 2030.
To meet this financial requirement, the Ministry of Transport is actively seeking private sector investment, particularly for upgrading existing port facilities, developing new container terminals, and improving port-related logistics infrastructure.
