News / Vietnam launches new bid to bring more private investment into its 19 seaports

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Vietnam’s Ministry of Transport is encouraging increased private investment in the country’s ports and plans to scale back its own involvement.

According to a report in The Saigon Times, the Vietnam Maritime Administration will open 41 marine infrastructure projects to private investors, including 19 seaports, which are together expected to need US$1.98bn in private funding.

Furthermore, in an indication of Vietnam’s commitment to rolling back government management and ownership of seaports, Minister of Transport Dinh La Thang said the Lach Huyen deepwater ...