Van Phong International Transshipment Port News

Construction of Van Phong International Transshipment Port has ceased, opening door to investors says economic zone official. The $3.6 billion transshipment port, fully funded by the debt-laden Vietnam National Shipping Lines , or Vinalines , was started nearly three years ago, on October 31, 2009. However, the government has ordered the investor to stop construction, after 114 piles were successfully laid in the Van Phong Bay in the coastal province of Khanh Hoa. Phi said he is not surprised by the government’s request. “It’s difficult for Vinalines to continue implementing the project, given its poor ability,” he told Tuoi Tre. Phi added that without the role of Vinalines…