Vietnam: Ho Chi Minh City inaugurates new port

Ho Chi Minh City on Jan 30 officially opens a container port, the Saigon Premier Container Terminal (SPCT), after three years of construction, reported VNBusinessNews.com.

Covering an area of 23 hectares in the Hiep Phuoc industrial zone of Nha Be district, the specialised container terminal has a handling capacity of 1.5 million TEUs a year. One TEU is equal to a twenty-foot container.

The terminal has two wharves capable of handling large containers and a spacious container yard which has enough space for up to 15,000 containers of 20 feet. It is, therefore, expected to facilitate exports and imports of seafood and agricultural products of Mekong delta provinces.

SPCT, a joint venture between United Arab Emirate’s DP World and the state-owned Tan Thuan Industrial Promotion Company (IPC), has a total investment of $360 million.

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