The My Thuy deep-water port project kicked off in Hai Lang District, nestled within Quang Tri Province in north-central Vietnam, on Monday, carrying a hefty price tag of VND14.2 trillion (US$570 million).

The investor and contractor of the project were committed to mobilizing workers and advanced equipment to ensure its progress.

The port was designed with 10 wharves, with two of them set to start operations in 2025.

The project will span 685 hectares of land in Hai An Commune, and can accommodate cargo ships and bulk carriers of up to 100,000 metric tons upon completion. 

Addressing attendees at Monday's groundbreaking ceremony, Duong Viet Roan, general director of My Thuy International Port Joint Venture Company (MTIP), the project's investor, announced the completion of the design phase, acquisition of a construction license, and the selection of a contractor.

Roan promised to focus on the execution of the project to make it a state-of-the-art seaport, and a key traffic link to attract investors to the Southeast Quang Tri economic zone.

The My Thuy deep-water port is expected to act as a catalyst for the province’s socioeconomic growth.

The port lies at the gateway to the East Vietnam Sea and on the route of the East-West economic corridor, which is the shortest roadway connecting the Indian Ocean and the Pacific Ocean.

Cargo throughput at Quang Tri Province’s seaport is on the rise, so work on the project should be sped up, said Vo Van Hung, chairman of the provincial People’s Committee.

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