HoChiMinh City urges more investment in ports

HCM City expects to expand development of seaports in the next few years, city officials told the 34th annual conference on seaports organised by the ASEAN Ports Association on Nov. 25.

The conference focused on ways of developing the city’s port system, staff to operate the systems, and privatisation.

Nguyen Trung Tin, deputy chairman of the municipal People’s Committee, said upgrading seaports was vital for the city’s economic growth.

Tin added that incentives would be offered to companies that invest in developing the city’s ports.

According to the Vietnam Port Association, 50 million tonnes of commodities are transported annually through the city’s port system.

They predicted that goods transported through city ports would increase to 100 million tonnes by 2011.

Vietnam has about 150 ports of varying sizes. Those in the south play a key role in the movement of commodities.

Source: VNN