$1.68bln needed to develop inland ports by 2030

Capital to be mobilized from a host of different sources.

Vietnam needs an estimated VND40 trillion ($1.68 billion) to develop its inland port network by 2030, according to the Ministry of Transport (MoT).

This is part of a master plan on the development of the inland port network during the 2021-2030 period and vision to 2050 the MoT has submitted to the Prime Minister for approval.

It plans to mobilize various investment resources for developing inland ports and has asked localities to issue support and preferential policies relating to credit, taxes, prices, and fees.

Under planning, the inland port network will be able to handle about 25-35 per cent of demand for import and export container transport by 2030, with a total capacity of about 11.9-17.1 million TEUs a year.

Vietnam has so far put into operation eleven inland ports, including nine in the north and two in the south.

Meanwhile, investment preparations are being made for the construction of 25 other inland ports, according to the MoT.

Anh Tú