Vinalines, a state-run shipping liner from Vietnam, is seeking approval from the government to build two new container terminals at Lach Huyen Port in northern Hai Phong City.
The terminals, which are expected to cost USD $299 million to build, would replace the Hoang Dieu terminal, which has now been taken over for the construction of an urban area.
According to a statement by Vinalines, the two terminals will have a total length of 750 metres and be able to service vessels of up to 8,000 TEU.
Vinalines also plans to develop a logistics centre with its subsidiary company Haiphong Port JSC, which will optimize handling, storage, processing, and distribution at Lach Huyen.
Nguyen Canh Tinh, Director of Vinalines, stated that investment in the terminals would be a strategic step in the company achieving its plan to handle around 30% of cargo at ports nationwide by 2020.
The new terminals would make Lach Huyen the only port in Northern Vietnam capable of berthing ships as large as 150,000 tons.
By 2020, it is expected to have nine terminals with a combined length of 3,000 metres.