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Vietnam Investment News

Vietnam Business » Vietnam Investment News » Entice investors by the siren song of the sea port

Entice investors by the siren song of the sea port

Vietnam seaport system is believed to be his war for the upgrade in the near future, with more and more investors are interested in the provision of capital to these areas. An international port project officially started last week in the province of Long An. Two investors who have a billion dollars in capital believe, Dong Tam and VinaCapital that this be an international port for the region.

"We have in the success of the project, believe, and for this reason we decided to use $ 500,000,000 of investment funds for infrastructure investment in Long An international connection," said Don Tues Lam, Director General of VinaCapital. "We have decided to invest in port, the port is because we are in a strategic position to know. As Vietnam integrates more deeply into the world, the import and export of goods will rise in the near future," he added. Besides the construction of a port, ships from 30.000 to 70.000 DWT will be the project investor also develop an economic zone, including industrial parks, service areas and new urban areas. Tien Len Steel Group Chairman Nguyen Manh Ha also expressed their willingness to invest in a deep water port in Ba Ria-Vung Tau. According to Ha, even though Vietnam has many ports, far more needed because some ports are not currently the increasing demand from international customers. Investment from the private sector flows to the sea port projects is increasing, particularly since the development of ports as a profitable investment channel. After the Vietnam Seaports Association (VPA), Vietnam seaport system now includes a port 60th The share of private investment in ports is still modest, but recent figures have been climbing. VPA-General Ho Kim Lan said, port investments can bring huge profits. He said investors can withdraw capital after only a few years operation. "A port in a convenient location with good transport systems, high-quality services and simple procedures will ensure a high level of competitiveness," Lan observed.

Vietnam Business And Financial News Network. Source [english.vietnamnet.vn]

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