BA RIA-VUNG TAU, Vietnam - Vietnam’s Deputy Prime Minister Tran Hong Ha has authorized the investment policy for the Long Son My Xuan General Port Project, a significant development aimed at enhancing the Thi Vai port area and stimulating economic growth in the southern province of Ba Ria-Vung Tau. The project, with a total investment exceeding VND 2.38 trillion ($93.3 million), will be located in My Xuan ward, Phu My town.
The Long Son My Xuan general port project, to be developed by Long Son Co., Ltd., will occupy approximately 41.65 hectares of land within the Thi Vai port area. This initiative aligns with the government's broader strategy to complete the Thi Vai port area according to the approved master plan.
The port will feature a main berth measuring 270 meters, capable of accommodating general cargo ships up to 30,000 DWT, and four barge berths totaling 530 meters, designed for ships and barges with capacities up to 7,500 DWT. The project also includes a warehouse system and a cement grinding facility with an annual production capacity of 2.3 million tonnes.
The primary objectives of the project are to support regional economic activities, facilitate the operations of industrial zones within the province and neighboring areas, and meet the growing demand for construction materials. The development will capitalize on the region’s favorable natural conditions, strategic geographical location, and ongoing enhancements to transportation infrastructure, thereby contributing to the socio-economic advancement of Ba Ria-Vung Tau province and the broader southern region.
The Ministry of Finance will oversee the investment policy, ensuring compliance with state management regulations and relevant legal frameworks. Other ministries, government agencies, and the People's Committee of Ba Ria-Vung Tau province will collaborate to evaluate and approve the project within their respective jurisdictions, adhering to the Investment Law and other applicable legal provisions.
The provincial People's Committee is responsible for allocating land in accordance with the approved land-use plan and port development plans, ensuring the investor can proceed with the project in compliance with land laws. The committee must also ensure sufficient land is allocated for reforestation efforts to balance environmental protection with economic development.
Land conversion for other purposes will be permitted only if all conditions specified in Article 19 of the Forestry Law are met. The committee will monitor and supervise the investor's forest land conversion and project implementation, ensuring adherence to legal regulations, including financial mobilization activities.
The Ministry of Construction will expedite the approval of the detailed zoning plan for port land and water areas, providing a legal foundation for project implementation. The ministry will also guide the investor in finalizing project documentation for the feasibility study phase.
The Ministry of Agriculture and the Environment will assist the People's Committee with land allocation, leasing, and forest land conversion, ensuring alignment with approved planning guidelines and legal regulations. The ministry will also support the investor in completing environmental impact assessments, with strict adherence to environmental protection regulations, including water resource management.
This port project is expected to significantly boost the region’s logistics capabilities and contribute to Vietnam's economic growth.
[Copyright (c) Global Economic Times. All Rights Reserved.]
