Vietnam broke ground over the Shinec-Vinashin Industrial complex, which will be home to several major industries. The anchor industry on the 791-acre property will be the shipbuilding sector. Other locators are those in the agriculture, construction, warehouse and trading sectors.
A total of $46.7m is allocated for the development of the complex. The shipbuilding sector got 37 acres where it will build a wharf capable of accommodating maritime vessels up to 6,500 tons, 7.4 acres for office buildings and a trade center, and 12.3 acres for housing.
The complex will also have a sewage water treatment center
, safe water plant with a daily storage capacity of 10,000 cubic meters of water, an information center and other service facilities.
Haiphong is Vietnam's third most populous city. It is 62 miles from the capital city Hanoi and is the main seaport for the country's northern region.