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News 04-Nov-2016  
 

NAM DINH VU PORT – ANOTHER STEP FORWARD OF GEMADEPT IN HAI PHONG

On 19 September, the Hai Phong Investment Promotion Conference 2016 with the theme of “Hai Phong - a Destination for Investors” was solemnly held at Hai Phong City Convention Center. Attending the event were Prime Minister Nguyen Xuan Phuc, leaders of Party, State, ministries, embassies, People's Committee of Hai Phong City, Vietnam Chamber of Commerce and Industry (VCCI) and nearly 200 domestic and international companies and investors.

Amongst the investment licenses, memorandums and commitments on investment with a total value of over US$ 12.85 billion signed at the Conference, Nam Dinh Vu Container Port project is one of the few outstanding infrastructure projects of the City not only by its scale of 6-7 berths on the area of ​over 65ha and the total investment of up to 6,000 billion dongs but also because the project upon completed will become a corner stone pushing up the robust development of Dinh Vu – Cat Hai Economic Zone in particular and Hai Phong City in general catching the new opportunities from Vietnam’s world integration through Free Trade Agreements (FTAs), TPP and AEC in the coming time.

Being in the government’s master plan for port development with its prime location at the gateway closest to the open sea than other ports in the region, deep draft and large turning basin accommodating vessels of up to 30,000 DWT, Nam Dinh Vu port project will be the bridge connecting trade between not only Hai Phong City but also the whole Northern economic zone with the world in the future.

With the advantages and the importance of the project in Gemadept’s port development strategy in Hai Phong, Nam Dinh Vu Port Joint Stock Company was established in order to accelerate the project implementation and start construction of Phase 1 right by the end of this year. According to the project plan, Phase 1 has the scale of 20ha and estimated investment of almost 1,700 billion dongs.

Thus, in the North, along with Nam Hai Port operating beyond its design capacity and the new Nam Hai Dinh Vu port reaching its maximum capacity, the introduction of Nam Dinh Vu Port is expected to create another remarkable milestone and new era for Gemadept Corporation, further fostering its position as one of the leading port developers and operators of Vietnam.


The Memorandum of Investment Signing Ceremony

Mr. Nguyen Van Tung (right)- Chairman of Hai Phong City People’s Committee and Mr. Do Van Nhan (left) – Chairman of BOM of Gemadept with the witness of Prime Minister Nguyen Xuan Phuc and other Ministers.

 

 
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