A corner of Cai Mep - Thi Vai International Deep Seaport. Photo dddn.com.vn

HA NOI (Biz hub) — The Ministry of Transport recently approved a plan to lease Cai Mep container terminal and Thi Vai deep seaport in the southern province of Ba Ria-Vung Tau for 30 years.

Applications to run the two will be considered until the end of September.

They will be based on an annual fixed package prices of US$219.5 million for the terminal and $130.5 million for the port operation.

Thi Vai seaport was opened in January at a cost of VND12.9 trillion (US$620 billion) provided by the Japanese International Co-operation Agency (JICA).

It is expected to ease the strain on ports in HCM City and improve trade links among southeastern provinces.

Cai Mep terminal consists of two piers 600 metres in length that can handle vessels of up to 100,000 dead-weight tonnes (DWT).

Thi Vai Port also has two piers that can handle ships of 50,000 tonnes with a capacity of 1.6-2 million tonnes a year. — VNS