Investors currently have many opportunities to participate in maritime projects worth more than VND300,000 billion after Vietnam’s master plan on seaport system development is approved.

The planning of Vietnam's seaports for the next decade sets a target of creating a breakthrough in the seaport system and the attraction of more foreign investment.

The Vietnam Maritime Corporation (VIMC) had great performance in 2021, earning around VND3.75 trillion (US$165 million), according to Nguyen Canh Tinh, general director of the shipping giant.

Under a plan on developing Vietnam’s seaport network, the Cai Mep - Thi Vai seaport cluster in the southern province of Ba Ria-Vung Tau is to become one of two special seaports in the country - an international gateway and an international trans-shipment port.

VOV.VN - Vietnam wishes to explore opportunities and strengthen cooperation with Belgium’s Antwerp province in potential fields such as seaports, renewable energy, climate change adaptation and education.

The Vietnam Railway Project Management Board under the Ministry of Transport has submitted to the ministry a project with total investment of over VND2.2 trillion (US$95.88 million) to improve railway connections between Vietnam's Lao Cai Station and China's North Hekou Station.

Vietnam’s master plan on developing domestic seaport network over the next 10 years, with a vision to 2050, will focus on the development of six major port clusters, Minister of Transport Nguyen Van The has said.

Nearly 16.8 million TEUs of container cargo have been handled at Vietnamese seaports in the first eight months of 2021, up 18% from the same period last year, according the Vietnam Maritime Administration.

The Ministry of Transport (MoT) has asked provincial and municipal authorities to ease the travel of labourers at seaports so as to avoid the disruption of production and supply chains amid the COVID-19 pandemic.

The total volume of cargo handled at Vietnamese seaports is estimated to reach more than 425 million tonnes in the first seven months of 2021, up 6 percent over the same period last year, according to the Vietnam Maritime Administration (VMA).