Investment in Hai Phong City to Surge

3:35:01 PM | 20/5/2016

The operation of Cat Bi International Airport from May 12, 2016 together with the Ha Noi - Hai Phong Expressway and the construction of Hai Phong International Container Terminal, is making Hai Phong City an economic and cultural hub of the northern coast and one of economic locomotives of the northern region and Vietnam as a whole.
Facilitating transportation and travel
Speaking at the ceremony, Prime Minister Nguyen Xuan Phuc said that the inauguration of expanded Cat Bi International Airport not only caught the attention of local people but also spread its appeal nationwide. With a completed traffic system comprising ground, water and air ways, investment flows into Hai Phong City will surge and leverage the northern economic zone. Besides, PM Phuc said that Cat Bi International Airport will reduce the service load for Noi Bai International Airport and facilitate the travelling and transportation for people and enterprises in northern coastal areas.
Hai Phong has huge tourism potential as it has the World Biosphere Reserve recognised by the UNESCO in Cat Ba Islands with beaches and resorts in Do Son. The upgrading of Cat Bi Airport into an international airport is expected to serve about 4 million domestic and international passengers a year. Three major components to be upgraded and expanded include runways; taxiway, apron and passenger terminal systems; and air traffic control tower.
Vietnam Airlines Corporation has operated Boeing 787 Dreamliner to carry out inaugural incoming and outgoing flights to Cat Bi International Airport. Vietnam Airlines has been operating flights to/from Hai Phong since the 1990s. At present, Vietnam Airlines and Jetstar Pacific are operating about 100 flights a week on four routes to and from Cat Bi Airport, of which Vietnam Airlines runs three routes, namely Hai Phong - HCM City/Danang/Nha Trang and Jetstar Pacific operates two routes, namely Hai Phong - HCM City/Buon Ma Thuot.
Also on May 12, a new-generation airline, Vietjet opened three new routes from Hai Phong to Phu Quoc, Da Lat and Buon Ma Thuot along with other destinations such as HCM City, Da Nang, Nha Trang and Pleiku. It runs 210 flights a week. The presence of big airlines is a success for the expanded airport.
Construction starts on first deepwater port in the north
This first deepwater port in the north of Vietnam is carried out by Saigon Newport Corporation, Japanese Molnykit Company and Hai Phong International Container Terminal (HICT) in the public-private partnership (PPP) from backed by the Governments of Vietnam and Japan.
Speaking at the ceremony, Rear Admiral Nguyen Dang Nghiem, General Director of Saigon Newport Corporation, said, the two 750m-long wharves in Component B will sit on an area of 40ha each and cost a total of US$321 million.
When completed and operated, HICT will be the first deepwater port in the north of Vietnam, capable of receiving container vessels of 100,000 DTW.
It is also expected to be a major point connecting with the international deepwater transshipment terminal at Cai Mep - Thi Vai, making it easier for Vietnamese goods to navigate European and American markets.
HICT will leverage deepwater seaport system and logistics operation development in Lach Huyen area, promote socioeconomic development, serve transshipment demands in Northeast Laos via East-West Corridor and in Southern China via "two corridors and one economic belt" programme.
With modern and synchronous transport infrastructure projects, international investors are very interested in this port city. Such industrial parks as Trang Due, VSIP Hai Phong and particularly Dinh Vu are their favourite destinations.
Prime Minister Nguyen Xuan Phuc
The Government appreciates this project since it is expected to provide the impetus for the city and the northern economic zone to take off.
With the experience and expertise from Japanese partner Molnykit and with the potential, competency, investment and operation experience of Saigon Newport Corporation, the project will be carried out on schedule and operated effectively. Investors, contractors, consultants and relevant units are asked to seriously comply with commitments in the contract in line with the law, ensuring the progress and quality of the project.
Japanese Ambassador to Vietnam Fukada Hiroshi
This PPP project combines the Component of infrastructure construction funded by Japanese yen-denominated loans and Japanese technology and the Component of wharf construction and equipment installation undertaken by private enterprises. This project is a symbol of Vietnam - Japan relationship and a pilot project carried out in the form of public-private partnership (PPP) in large-scale infrastructure in Vietnam.
Hien Le