The obtained results relating to the development of ports: A case in Vietnam
- Author Cong Tri Tran
- Co-Author Danh Chan Nguyen
- DOI
- Country : Vietnam
- Subject : Transport
Keywords : orientation, port system, plan, development
Abstract
As of December 2017, Vietnam has 44 seaports with a total capacity of 470-500 million tons per year. The major ports in Vietnam include Hai Phong, Danang, Qui Nhon, and Ho Chi Minh City. Future ports under development include My Thuy International Seaport, Lien Chieu Seaport, and Lach Huyen International Gateway Port. These ports have attracted investors such as Vietnam Construction Service Development and Investment Co., Ltd, Golden Gate Construction Co., Ltd, Clearbrook Global Advisors, EMP Infra, PineStreet Infra, Boskalis, T&T Group, Infra Asia Investment, and Molnykit, a JV between Mitsui O.S.K Lines, Nippon Yusen Kabushiki Kaisha, and Itochu Corporation, and US-invested Cargill Vietnam. From 2005 to 2016, Vietnam’s external trade increased from US$69 billion to US$351 billion, while the country’s total freight traffic volume more than doubled in the same period from 100 billion ton-km to 238 billion ton-km. During the same period, the freight traffic volume in inland waterways increased from 18 billion ton-km to 45 billion ton-km, while in maritime transport it increased from 62 billion ton-km to 132 billion ton-km. Going forward, the growth in production and trade will bring a corresponding growth in freight traffic, which makes it a priority for the government to invest in port infrastructure. The major challenge faced by the biggest ports in Vietnam is the increasing use of smaller ports and vessels, which account for around 80 percent of container imports and exports. Underdeveloped shipping infrastructure has started to impact the industry, with annual freight-related losses reaching US$2.4 billion. Some ports also suffer from being over-burdened with shipments, which has led to congestion and huge delays.
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