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Vietnam Today

HICT welcomes its first ship to the port in Hai Phong city

Released at: 09:46, 14/05/2018

HICT welcomes its first ship to the port in Hai Phong city

PM Nguyen Xuan Phuc (C) at the event (Photo: VGP)

Hai Phong city held the grand opening of HICT on May 13.

by Huyen Thanh

On May 13, Prime Minister Nguyen Xuan Phuc attended the grand opening of Hai Phong International Container Terminal (HICT) where it welcomed its first ship to the port in Hai Phong city.

HICT, the first deep-water port in the north, is a joint venture between Saigon New Port with a 51 per cent share, Japan’s Mitsui OSK Lines (MOL) with a 17.5 per cent share, China’s Wan Hai Lines (WHL) with a 16.5 per cent share and Japan’s Itochu Corporation (ITO) with a 15 per cent share.

PM Nguyen Xuan Phuc was talking his speech at the grand opening

Located in Cat Hai town, Cat Hai commune, Hai Phong city, HITC is capable of receiving vessels that carry up to 14,000 TEU. The goods output through the port is estimated at 1.1 million TEU per annum.

Construction of the 45-hectare port began on May 12, 2016 with a total investment of $321 million. According to the Saigon New Port, HITC is strategically located as it connects most of the inland waterways and coastal roads to Quang Ninh and the northern provinces. It also links to feeder terminals New Port 128, New Port 189, ICD New Port – Hai Phong and ICD New Port Ha Nam as well as key northern and central economic zones and southwestern China.

The HICT port will contribute to reducing maritime transport costs which will result in reducing logistical costs for businesses and increase the competitiveness of Vietnam's export and import goods.

It will also create motivation for the development of deep-sea port systems and logistics activities in the north and promote the socio-economic development of the country.

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