Vietnam to spend VND20trn to develop inland container depots

Deputy Prime Minister Trinh Dinh Dung has signed a decision to develop nearly 1.3 hectares of depots by 2030 with an estimated investment of VND20trn to VND22trn.

Deputy Prime Minister Trinh Dinh Dung has signed a decision to develop nearly 1.3 hectares of depots by 2030 with an estimated investment of VND20trn (USD881m) to VND22trn.

  

Inland container depots are an important part of the seaport system

The depots will be built in Hanoi-Lao Cai and Hanoi-Lang Son economic corridors, the economic zone in the southeast of Hanoi, the northeast of HCM City or in the Mekong Delta. Those locations are close to the railway or inland waterways.

According to the plan, the depots will have the capacity to deal with 4 to 6.8 million TEU a year by 2020, or 15-20% of the demand to use seaport system. It is expected that the capacity will reach 12 to 17.6 million TEU by 2030.

19 depots are expected to be completed by 2020, covering 580 to 755 hectares and up to 1,295 hectares in 2030. The project to develop depots to 2030 needs VND20trn to VND22trn of investment and the government plans to call for investment from private sector.

The Ministry of Transport was asked to work with local authorities and related agencies to make detail planning, issue directives and manage.

Inland container depots are an important part of the seaport system. The government will prioritise depots at locations that connect with rail or inland waterways to develop multi-modal transport in order to reduce travel times and transport costs for businesses.