Hai Phong licenses construction of two container berths

Investment estimated at $548 million.
Hai Phong authorities present an investment certificate to the investor. Hai Phong authorities present an investment certificate to the investor.

The Hai Phong Economic Zone Management Board granted investment certificates on May 9 to investors in a project to build two new container berths at the Lach Huyen wharf area of Hai Phong Port and other projects at industrial parks and economic zones.

The Prime Minister approved the construction of container berths No. 7 and 8 last month, with estimated investment of nearly VND13 trillion ($548 million).

Each berth will have a total length of 750 meters and be capable of receiving ships between 12,000 and 18,000 TEUs.

Construction is scheduled to begin in the first quarter of 2025 and be completed in the fourth quarter of 2027.

Other projects receiving investment certificates include the Starcharge energy equipment production plant invested in by the Singapore-based Starcharge Energy Pte.Ltd. with total capital of over VND330 billion ($13.9 million); the HW Energy project from HW International Investment Holdings Pte. Ltd with VND1.16 trillion ($49 million); and Thinking Electronics Vietnam from the Thinking Electronic Industrial Co. Ltd. with VND633 billion ($26.7 million).

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