Japan Firms Keen on Investing in Vietnam Key Seaports

Tuan Minh

14:36 26/01/2016

BizLIVE - Japanese companies are looking to invest in key seaports in Vietnam.

Japan Firms Keen on Investing in Vietnam Key Seaports

Cargo is being loaded at Hai Phong Port. (Photo: baohaiphong.com.vn)

Japanese businesses are interested in investing in seaports in Vietnam’s major cities such as Hai Phong, Da Nang and Ho Chi Minh City, Hayato Murase, chairman of Mizushima Seaport Association, said at a recent meeting with Vietnam Maritime Administration in Hanoi.
The maritime route between Da Nang city and Mizushima Port has become increasingly important and the latter has plans to expand its container ports, Mr. Murase added.
Bui Thien Thu, deputy director of Vietnam Maritime Administration, stated that seaport cooperation between Vietnam and Japan would likely see a boost as soon as Japanese firms are shifting investments to Vietnam.
Mr. Thu called for authorities of Mizushima Port to conduct studies and invest in key seaports in Vietnam.
The Vietnamese government has recently directed state-owned Vietnam National Shipping Lines (Vinalines) to fully divest from nine companies, including those running seaports namely Khuyen Luong, Da Nang, Cam Ranh, Nam Can, Nghe Tinh, Can Tho and Vinalines-Dinh Vu.
Vinalines’ stakes in operators of Hai Phong Port and Saigon Port will be cut to 20%.