Vietnam’s seaport plans set to make waves by 2030

Vietnam will need more than 359 trillion VND (14 billion USD) to develop its seaport system by 2030, including numerous new projects in the central province of Gia Lai.

The development is under the Ministry of Construction’s recently issued decision, which partially adjusts the detailed plan for seaports, ports, wharves, buoys, water areas and water regions for the 2021 30 period, with a vision to 2050.

According to the ministry, this is an important update to meet the needs of Vietnam’s socio-economic development and international integration.

Under the new plan, by 2030, the investment capital demand for the country’s entire seaport system is estimated at about 359.5 trillion VND, of which 72.8 trillion VND is allocated for public maritime infrastructure, and the remaining 286.7 trillion VND is for ports providing cargo handling services.

The total demand for seaport land nationwide by 2030 is approximately 34,000 hectares, of which 17,500 hectares are designated for seaports, with the remainder allocated for industrial parks and logistics associated with ports. The demand for water surface is about 606,000 hectares, excluding 900,000 hectares of managed water areas without maritime works.

According to the new plan, the seaport system of Gia Lai province alone is expected to handle 17.65 18.75 million tonnes of goods per year by 2030, including 0.32 0.37 million TEU in containers and 150,000 200,000 passengers. The system will comprise nine ports and 20 wharves, with a total quay length of 5,104 metres.

The total land use demand for Gia Lai seaports by 2030 is approximately 217.3 hectares, excluding the area allocated for industrial parks and logistics. The investment capital demand for this system is about 11.87 trillion VND, of which 1.25 trillion VND is for public maritime infrastructure, and 10.62 trillion VND is for ports providing loading and unloading services.

The planning adjustment is expected to help the Vietnamese seaport system, especially in Gia Lai province, to develop synchronously, improve capacity for goods handling, and support the economic growth of the region and the country as a whole.