Cang Nha Trang JSC has proposed to invest VND417 billion (US$18.6 million) to build the port. — Photo khanhhoa.gov.vn

KHANH HOA (Biz Hub) — Prime Minister Nguyen Tan Dung has given the green light to the Bac Van Phong project, which will see the construction of a giant multipurpose port in Van Ninh District's Dam Mon Village by Cang Nha Trang JSC.

Cang Nha Trang JSC has proposed to invest VND417 billion (US$18.6 million) to build the port, according to the Khanh Hoa People's Committee, that was assigned to direct and guide the management board of the Van Phong economic zone.

The company intends to build two multipurpose ports in the initial phase of their investment plan by 2020, which will be capable of handling 1.5 to 2 million tonnes of products per year, and container ships of up to 50,000 deadweight tonnage.

In the following phase, the company will build two additional ports that will be capable of handling 1 to 1.5 million tonnes of products and much larger container ships.

In previous years, Nha Trang port had been the major maritime port in the northen area of Khanh Hoa and Tay Nguyen provinces. However, two years ago, the Prime Minister decided to turn it into a tourism port.

By taking over the multipurpose port function of Nha Trang, Bac Van Phong port will secure jobs for the experienced labour force and facilitate the product delivering process for the Khanh Hoa and Tay Nguyen provinces. — VNS