Vietnam Ports in Privatisation Plan


Vietnam’s Ministry of Transport has indicated that it wants to attract more private sector investment in order to build new seaports for the country.

According to Hellenic Shipping News, Do Duc Tien, Deputy Chief of the Vietnam Maritime Administration, has said that the Vietnam Maritime Administration will announce a list of 42 projects related to maritime infrastructure, including 19 seaports that are looking for private investment.

Dinh La Thang, Minister of Transport, said: “The [Vietnamese] government will only invest in projects that play a role in national defence and security”.

The privatisation of Vietnam’s ports is part of a strategy, begun in April 2014, by the Vietnamese government to privatise an estimated 432 state-owned enterprises (SOEs) during 2014-15.

Vietnam currently has only one deep-water port, the Cai Mep International Terminal, however, this has struggled operationally since opening in 2009.

Part of the reason for its struggles is the result of the excessive number of small ports in the country.

The privatisation of future ports could be a benefit for companies sourcing from Vietnam because more efficient management should make it easier to ship directly from Vietnam instead of the extra costs associated with using Singapore or Hong Kong as intermediary ports.

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