Around VND1,254 billion will be invested in building a seaport in Phu Quoc island which is able to receive foreign tourist ships.
The decision was made on October 3 by representatives of the Transport Ministry and leaders of Kien Giang southern province.
The port will be built in Duong Dong township to receive cruise ships each with between 5,000-6,000 passengers.
Vingroup was invited by the province to invest in the project after the private-public partnership (PPP) model.
Deputy Minister of Transport Nguyen Van Cong has asked the Vietnam Maritime Administration to cooperate with Portcoast Consultant Corporation and Vingroup to develop a financial plan for the construction.
Vingroup was invited by the province to invest in the project after the private-public partnership (PPP) model.
Deputy Minister of Transport Nguyen Van Cong has asked the Vietnam Maritime Administration to cooperate with Portcoast Consultant Corporation and Vingroup to develop a financial plan for the construction.
Other News
Trending
-
Homeland Spring 2025: Overseas Vietnamese explore investment opportunities
-
Vietnam news in brief - January 17
-
More than 2,000 drones paint Hanoi's landmarks in New Year's skies
-
Hanoi kicks off the Spring Calligraphy Festival in celebration of Lunar New Year
-
Hanoi’s central role means heightened responsibility in foreign affairs: Mayor
-
Hanoi revives historic Tet traditions in Duong Lam Ancient Village
-
AI set to drive Vietnam's economic growth in 2025
-
Two Vietnamese cities in Asia's top five destinations for digital nomads
-
Prime Minister sets vision for Vietnamese football: Asian glory and World Cup dreams