Comments sought on new Ninh Thuan port

                                                       Photo: Duc Anh/Illustration

South-central province's people's committee seeking comments from MoT on Hoa Sen Ca Na - Ninh Thuan International Port project.

The Ninh Thuan People’s Committee has sought comments from the Ministry of Transport (MoT) on the Hoa Sen Ca Na - Ninh Thuan International Port project, invested by the Hoa Sen Group.

The project has investment of VND10.6 trillion ($477 million), covers an area of 429.8 ha in Thuan Nam district, south-central Ninh Thuan province, and will support business and production activities at the Ca Na Industrial Park.

A representative from the Hoa Sen Group confirmed with VET it was planning to invest in the port. “The project is waiting for opinions from MoT before preparing a specific plan,” the representative added.

The port will be capable of berthing vessels from 300,000 DWT and have a general wharf for vessels from 30,000 DWT to 50,000 DWT. It has been estimated to handle 53.6 million tons of cargo per year, mainly coal and iron ore.

The project will be divided into three phases. The first (2017-2020) will build two docks to berth vessels from 70,000 DWT to 100,000 DWT and a dock for vessels of 20,000 DWT. This phase has total investment capital of VND1.3 trillion ($58.5 million).

The implementation period is 70 years and the investor has committed to Phase 1 serving the needs of investors and demand for goods transport in all of Ninh Thuan province.

Under Decision No. 3516/QD-BCT from the Ministry of Industry and Trade, the complex will include the Hoa Sen Ca Na - Ninh Thuan Steel Mill (with investment of $10.6 billion), an infrastructure project for the Hoa Sen Ca Na - Ninh Thuan IP ($400 million), the Hoa Sen Ca Na - Ninh Thuan International Port ($477 million), and a number of sub-projects building cement and thermal power plants.

After the complex is put into operation it is expected to generate 40,000-50,000 direct jobs and 70,000 indirect jobs. It will also help develop support industries and an industrial urban area in Ninh Thuan, contribute substantially to the local budget, accelerate economic restructuring, and drive socioeconomic development.

Established on August 8, 2001, the Hoa Sen Group began as the Hoa Sen Joint Stock Company. In 2007 it changed its name to the Hoa Sen Group Joint Stock Company and in 2008 was officially listed on the Ho Chi Minh City Stock Exchange (HoSE).

2016 saw important milestones for Hoa Sen, said Mr. Le Phuoc Vu, Chairman of the Group, growing from a small steel manufacturer into a leader in Vietnam’s steel market, accounting for nearly 40 per cent of the domestic steel sheet market and over 20 per cent of the steel pipe market.

Hoa Sen now has nearly 6,600 employees with eight large plants and over 200 distributors and retailers throughout Vietnam. Its products are also found in 65 countries and territories around the world, with consumption exceeding 1 million tons per year.

by H.Nhung-N.Quynh / VET