On October 29, the People’s Committee of Soc Trang province announced that Mr. Lam Hoang Nghiep, Vice Chairman of the Provincial People’s Committee, had signed an urgent document requesting support for capital investment in Tran De port, a gateway port in the Mekong Delta region.
A bird’s-eye view of the sea-crossing bridge |
The Soc Trang authorities emphasized the large investment scale and slow capital recovery of the Tran De port project, which is located in an extremely difficult area. Therefore, in addition to mobilizing social investment for the construction of wharves according to the planning, it is necessary to allocate state capital to invest in public maritime infrastructure synchronously with the roadmap for calling investment in wharf infrastructure. This will enhance the attractiveness of the project to private investors, similar to other gateway ports (Lach Huyen and Lien Chieu) that have successfully attracted investment in the past.
A bird’s-eye view of Tran De port
|
To expedite the investment process for Tran De port, concretize the Master Plan for the Development of Vietnam’s Seaport System for the period of 2021-2030, with a vision to 2050, the Soc Trang Provincial People’s Committee proposed that the Ministry of Transport and the Ministry of Planning and Investment consider and approve to submit to the Prime Minister for inclusion in the Government’s Resolution and Program. The project aims to complete the investment procedures in 2025 and start construction in 2026.
Additionally, they requested support from the central budget for the 2025-2030 period, with a capital of VND 19,403 billion, to invest in critical components such as the road behind the port connecting to the offshore Tran De wharf, the sea-crossing bridge, dikes, wave breakers, ship channels, and turning basins.
In the Master Plan for the Development of Vietnam’s Seaport System for the period of 2021-2030, with a vision to 2050, which was approved by the Prime Minister, Soc Trang seaport is classified as a type III seaport, belonging to seaport group 5. The potential to become a special seaport is envisioned when it forms a gateway for the Mekong Delta region in Tran De district.
The Tran De port area is oriented to become a deep-water seaport for the Mekong Delta region. The project is on a large scale and can accommodate vessels with a capacity of up to 160,000 DWT.
Mr. Lam Van Man, Secretary of the Provincial Party Committee of Soc Trang, affirmed that the Tran De seaport plays an extremely important role in the development of Soc Trang province and the entire Mekong Delta region. Therefore, the province has exerted great efforts, paid attention, and promoted all resources to implement the project. |
Cong Tuan
The Prime Minister Invites the UAE’s Top Four Conglomerates to Invest in Strategic Sectors
On the afternoon of October 27, during his official visit to the United Arab Emirates (UAE), Prime Minister Pham Minh Chinh met with leaders of prominent UAE-based corporations, including Abu Dhabi Ports Group, NDMC Group, and Emirates Motor Company.
“Declining Core Revenue and Soaring Expenses: Unveiling Dragon Capital’s Manager’s Earnings in Q3”
In Q3 of 2024, the financial results of Dragon Capital Vietnam Asset Management JSC (DCVFM) were significantly impacted by a decline in revenue from its two core business segments: advisory and fund management. While revenue from these key areas decreased, management expenses rose sharply, creating a challenging environment for the company.
The Chairman of TTC AgriS Seeks Additional $42 Million from Two European Financial Institutions
With a successful fundraising of $270 million in just over a year, TTC Agri Chairman Dang Huynh Uc My is a force to be reckoned with. This impressive feat was achieved with the recent addition of $42 million from SACE S.p.A and ING-DiBa AG, showcasing the company’s and My’s exceptional financial prowess and strategic vision.
Gold, Bitcoin Hit All-Time Highs, Soaring USD, Stocks Take a Hit?
The recent surge in the prices of other assets such as gold, Bitcoin, and the USD/VND exchange rate is putting a dampener on the stock market.