Gemadept to build deep-water container port

Vietnamese cargo forwarder, Gemadept, has confirmed it will begin construction of a US$410 million deep-water container port worth in the southern province of Ba Ria-Vung Tau next year.

The port, which will have a l6-metre depth, will serve as a transshipment hub and should attract much of the traffic that is currently serviced via Singapore, Hong Kong and Taiwan. Construction is expected to be completed by 2010. Gemadept is currently building two ports. One at Dung Quat, US$36m and the other at Nhon Hoi, US$230m.

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