Covering 150,000ha area including 80,000ha of sea surface, Van Phong, Khanh Hoa Province owns great potentials to promote maritime industry...
 |
| Construction of containers at Van Phong Depot. |
Covering 150,000ha area including 80,000ha of sea surface, Van Phong, Khanh Hoa Province owns great potentials to promote maritime industry. The year 2009 saw many economic local and regional economic events in Van Phong, especially the construction of Van Phong Transshipment Port.
Works begins on Van Phong International Transshipment Port
The construction of Van Phong International Transshipment Port invested by Viet Nam National Shipping Lines (VINALINES) began in end-October 2009. Le Trieu Thanh, Vice General Director of Vinalines said, "Khanh Hoa Province and the management board of the Van Phong Economic Zone have facilitated all the procedures to build to port. The problem now is to find investors when the port is put into operation."
Van Phong Bay boasts a favorable position, relatively free from wind. Basing on these conditions and potentials, the government has planned to set up in this area an international transshipment port and a general multi-sectored economic complex of commerce, industry and tourism. Many big economic groups have come here to do a survey. The Van Phong Economic Zone has favorable investment and business environment including social-technical infrastructure, service and public works.
The starting period has drawn an investment capital of VND6 billion, which proves the big scale and the importance of the project in the promotion of economic development. “Roads are being built to facilitate the initial construction in the starting stage,” said Nguyen Trong Hoa, Head of the management board of Van Phong Economic Zone. A water supply plant and electricity system will be built in the economic zone in 2010. Reportedly, there are 4 tourism projects in the north of the economic zone.
Deputy Prime Minister Hoang Trung Hai said, “The project of the international transshipment port was carried out when Vietnam’s economy gradually recovers from the economic downturn. Therefore, the project must be implemented on schedule.” The construction of Cai Mep – Thi Vai International Port in Ba Ria – Vung Tau has offered a golden chance for the Vietnam’s maritime industry. Currently, the maritime transport and transshipment cost in Vietnam is 30% higher than in regional ports. Cai Mep – Thi Vai International Port and Van Phong International Transshipment Port will facilitate Vietnamese investors, cutting down 94 USD/TEU of extra cost.
Acceleration for Van Phong
Some large-scale projects are also being carried in the south of Van Phong Economic Zone. The Ninh Thuy Ciment Distribution Terminal project of Nghi Son Cement Plant is under implementation with an annual capacity of 500,000tons and a capital of USD40 million. After completion, the terminal is expected to provide cement for the central region.
In addition, the construction of Van Phong Depot is being sped up after the capital adjustment. As many as 1,000 officials, engineers and workers have been involved in the work on the construction site in the recent time. Reportedly, in June 2009, Van Phong Depot Joint Stock Company signed a contract on capital support to carry out a USD67.8 million contract package No. 4, the main contract package of the project expected to be completed in March, 2011. The contract package No. 3 for construction of a pier is expected to finish in March, 2011 (2 months ahead of schedule).
Besides, Van Phong Economic Zone also saw ground-breaking ceremony for Ninh Thuy nix grain treatment plant in the end of 2009 with a capital of VND1,500 billion. Infrastructures in such resettlement areas as Vinh Yen, Ninh Thuy and Xom Quan have been urgently constructed to facilitate big projects in Van Phong Economic Zone. VND3,500 billion from the central bonds will come to the construction of the national road 1A to Dam Mon, a road from Van Gia to Tuan Le, water containers, etc so that the economic zone will meet technical requirements.
By the end of 2009, 84 projects including 24 foreign-invested ones registered to invest in Van Phong Economic Zone with a total capital of USD12.9 billion and VND31,897 billion. 27 projects have been carried out creating work opportunities for over 5,000 people. Van Phong Economic Zone has gradually been formed, painting a brighter picture for Khanh Hoa’s economics.
N.T
