Hai Phong grants investment certificate to terminal construction project
The Management Board of Hai Phong Economic Zones on September 27 handed over an investment certificate on a project building terminals 5 and 6 in Hai Phong Port’s Lach Huyen port area to HATECO Group JSC.
Hai Phong (VNA) – The Management Board of Hai Phong Economic Zones on September 27 handed over an investment certificate on a project building terminals 5 and 6 in Hai Phong Port’s Lach Huyen port area to HATECO Group JSC.
The project was given the Prime Minister's approval in principal at Decision No. 299/QD-TTg dated March 4, 2021.
With a combined length of 750 metres, the two terminals will be capable of receiving 8.000-TEU (100,000 DWT) vessels. The project’s total area is 47 hectares.
The project, which has a total cost of over 6.4 trillion VND (nearly 280.3 million USD), also include a berth for 48-TEU vessels or barges, port protection works, and warehouse systems.
Work on the construction of the project is scheduled to start this December. Once completed and put into operation, the terminals are expected to handle 25 million tonnes of goods per year.
General Director of HATECO Group JSC Hoang Dinh Tuan said this is an important project of the firm and it will mobilise all resources to implement the project.
Head of the management board Le Trung Kien said the agency and relevant units will create favourable conditions for the investor to implement the project on schedule.
Terminals No 1 and 2 came into operation in May 2018 and have served container vessels and general ships with a capacity of about 1.1 million TEU per year.
The construction of terminals 5 and 6 is expected to contribute to developing the Lach Huyen port area into an international gateway port, thus meeting the increasing demands of the market and directly bringing the northern region's exports to the European and American markets.
The Hai Phong Port handled 36.2 million tonnes of cargo last year, or more than 40 percent of the total in the city, earning revenue of over 2.19 trillion VND with a profit of 700 billion VND. In the first quarter of this year, it handled 9.3 million tonnes of cargo for 563 billion VND in revenue and 215 billion VND in profit./.
The LG Display Vietnam Hai Phong Co. Ltd., has recently raised its investment by 1.4 billion USD, bringing the total investment of the entire project to 4.65 billion USD.
The Tan Vu port of the Hai Phong Port JSC in the northern city of the same name recently welcomed three container ships of international container shipping company Maersk Line.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
At the certificate handover event (Photo: VNA) 
