A corner of Lach Huyen Port in the northern city of Hai Phong. The port is expected to open terminals 3 and 4. — Photo Vinalines

Nearly VND7 trillion (US$300.8 million) will be invested on building two international container terminals in the northern city of Hai Phong’s Lach Huyen Port next year.

The investment has been approved by Prime Minister Nguyen Xuan Phuc.

Terminal 3 and 4 will have a total length of 750m and be able to receive vessels with tonnage of 100,000DWT. It is being invested by Hai Phong Port Joint Stock Company, a member of State-owned shipping firm Viet Nam National Shipping Lines (Vinalines).

The project will start in 2020 and be completed by 2025. Terminal 3 will be operational by 2022.

PM Phuc has assigned the Ministry of Planning and Investment to update and complete the project’s assessment report and draft a prime ministerial decision on investment in the two container terminals to be submitted it to him for an official decision.

He also assigned the Ministry of Transport to collaborate with the Hai Phong People’s Committee and relevant agencies to adjust development planning at local ports, ensuring connectivity for vehicles in the region and working with general infrastructure development planning. — VNS