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Jointly built container port opens in Vietnam’s Haiphong

Saturday, 19 May 2018 | 00:00

Lach Huyen International Gateway Port, the first infrastructure development project involving the public and private sectors of Japan and Vietnam, has opened in Haiphong, Vietnam

The Japanese government provided about ¥110 billion in soft loans to fund the development of the port and nearby bridge and road infrastructure.

The container terminal is run by a joint venture involving Japanese companies Mitsui O.S.K. Lines Ltd. and Itochu Corp.

Port construction that started in 2013 was also undertaken by a Japanese company.

The Lach Huyen port can accommodate container ships with a carrying capacity of over 100,000 deadweight tons.

During an inaugural ceremony Sunday, Prime Minister Nguyen Xuan Phuc expressed gratitude for Japanese assistance.
Source: Japan Times

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