New container port helps shorten way to Europe, Americas

The grand opening of Hai Phong International Container Port. Photo: VGP

Present at the ceremony included Japanese Ambassador to Viet Nam Umeda Kunio and representatives of the city local authorities.

The Terminal means  exports from North Viet Nam will not have to be transited through other ports before reaching the above markets, thus helping reduce business costs and increase competitiveness of Vietnamese exports.

The Terminal is jointly invested by Sai Gon Newport Corporation (Viet Nam), MITSUI O.S.K Lines and Itochu (Japan) and Wan Hai Lines (Chinese Taipei), in which the Vietnamese corporation holds 51% stake.

Located in Cat Hai district, it is the first deep-water seaport in the Northern region, capable of receiving vessels up to 160,000 DWT.

Construction of the terminal began on May 12, 2016./.

By Ngoc Van