Vietnam's seaport strategy aiming for significant impact by the year 2030
Vietnam's Seaport Development Plan by 2030: A Look at Gia Lai Province
Vietnam's seaport development plan for the 2021-2030 period, with a vision towards 2050, is set to require substantial investment and resources. The plan, which includes updates for the seaport system in Gia Lai Province, aims to meet the needs of the country's socio-economic development and international integration.
According to the updated plan, the Gia Lai seaport system will demand an investment of approximately VND11.87 trillion (US$501.5 million) by 2030, with VND10.62 trillion (US$448.5 million) allocated for ports providing loading and unloading services. The system is projected to handle between 17.65 and 18.75 million tonnes of goods per year, including 0.32 to 0.37 million TEUs (twenty-foot equivalent units) in container throughput and 150,000 to 200,000 passengers annually.
The infrastructure will consist of nine ports and 20 wharves with a combined quay length of 5,104 metres. It is important to note that the seaport system does not include the area allocated for industrial parks and logistics in the total land use demand, which stands at approximately 217.3 hectares by 2030.
The Ministry of Construction has issued a decision for this updated seaport development plan. The plan is a response to the growing need for infrastructure development, driven by socio-economic growth and international integration. The seaport system's development is expected to support economic growth not only in Gia Lai Province but also across the country.
Environmental sustainability is a key emphasis in the seaport development plan. Vietnam is aiming to implement green port standards by 2030, focusing on pollution control, efficient resource use, renewable energy, and climate resilience.
It's worth mentioning that major investments, such as the Nam Do Son Port and logistics center in northern Vietnam by private conglomerate Vingroup, highlight broader infrastructural growth in the country. However, this project is separate from Gia Lai's plans and focuses on northern Vietnam with a $14 billion commitment.
The remaining investment capital demand for ports providing cargo handling services in Vietnam's seaport system is estimated at VND286.7 trillion (US$12.1 billion) by 2030. The investment capital demand for public maritime infrastructure in the Gia Lai seaport system is about VNĐ1.25 trillion (US$53.2 million) by 2030.
In conclusion, Vietnam’s seaport development by 2030 involves significant capital investment, large-scale land and water use, and considerable cargo and passenger throughput ambitions. The development of the seaport system in Gia Lai Province is a crucial part of this plan, targeting nearly 18 million tonnes of cargo handled annually and modernized port facilities.
- The updated seaport development plan in Vietnam, including the Gia Lai Province, emphasizes the integration of AI technology to optimize the management and operations of ports, aiming to increase efficiency in handling container throughput and passenger traffic.
- The investment in real-estate surrounding the Gia Lai seaport system is expected to boom, with developers likely to focus on construction projects such as warehouses, logistics centers, and housing for workforce engagement in the finance and investing sectors.
- In line with the government's push for greener infrastructure, a focus on sustainable finance will be essential in ensuring the funding for the development of the Gia Lai seaport system meets both financial growth objectives and environmental considerations.
