Northern Vietnam's first deepwater port, Haiphong International Container Terminal (HICT), has hosted its maiden vessel. The $321m facility, a joint venture between Saigon New Port, Mitsui OSK Lines and Itochu of Japan, and Taiwan’s Wan Hai Lines, took two years to build. It can accommodate vessels of up to 14,000 TEUs and is expected to have an annual throughput of 1.1 million TEUs. In the past few years, Vietnam has been building new ports in order to meet growing demand for goods from China and other Asian countries.
Northern Vietnam's first deepwater port, Haiphong International Container Terminal (HICT), has hosted its maiden vessel. The $321m facility, a joint venture between Saigon New Port, Mitsui OSK Lines and Itochu of Japan, and Taiwan’s Wan Hai Lines, took two years to build. It can accommodate vessels of up to 14,000 TEUs and is expected to have an annual throughput of 1.1 million TEUs. At its opening Vietnam Prime Minister Nguyen Xuan Phuc urged the Ministry of Transport to coordinate an improvement of the country's waterways and railways to aid movement of cargo to and from the terminal.