Prime Minister Pham Minh Chinh and participants press the buttons to launch lunar new year operations of Tan Cang-Cat Lai port (Photo: VNA)
Over the past 34 years, the port, run by the Saigon New Port Corporation under the Vietnam People's Navy, has developed from an old military port into a successful trademark both domestically and internationally in terms of maritime economy.
The corporation is operating eight container ports, including the three largest and most modern ones in Vietnam, accounting for 55 percent of the domestic market share. The Tan Cang-Cat Lai is among 20 container port clusters with the highest production in the world.
Last year, despite many difficulties, the corporation posted a rise of 5.4 percent in revenue and 16.2 percent in profit, while paying over VND1.9 trillion (US$80.96 million) to the State budget.
Addressing the event, PM Chinh expressed delight at the operational efficiency of the port and its significant contributions to national socio-economic development as well as national defense. He highlighted the role of Tan Cang-Cat Lai port, the largest seaport of Vietnam, which contributes about 18 percent to HCMC’s total budget collection.
The Tan Cang-Cat Lai is among 20 container port clusters with highest production in the world. (Photo: VNA)
The PM underlined the need to develop modern and efficient transport and logistics sectors, meeting the import-export demands of businesses and reducing cost, thus enhancing the competitiveness of Vietnamese goods.
The Government leader asked the Saigon New Port Corporation to continue to promote its tradition and its key role in deep-water seaport development in the country, maintaining its position as the pioneer in implementing the Vietnamese maritime economic development strategy until 2030 with a vision to 2045. He pledged that the Government, ministries and sectors will always accompany with and support the firm and the whole Vietnamese business community in general.
Also on January 29, PM Chinh inspected the construction of the Belt Road No.3 in HCMC. The project has a total length of 76km, passing HCMC, Binh Duong, Dong Nai and Long An provinces. It has a total investment of about VND75.37 trillion ($3.21 billion), sourced from the central and local budget. Construction work on the route started in 2023 and is expected to complete in 2026.
PM Pham Minh Chinh inspects the construction of Nhon Trach bridge of HCM City Belt Road No.3 project (Photo: VNA)
PM Chinh examined some construction sites of the project and visited the resettlement area for locals who had to relocate to give land for the road at Long Binh-Long Thanh My ward of Thu Duc city.
He asked HCMC and Thu Duc city to promptly complete procedures to provide land for resettled residents, and speed up the construction of the infrastructure system of the resettlement area. He requested the city to accelerate ground clearance and ensure that the project is basically completed and opened for traffic in June 2025.