HIGHLIGHTS
- Vinaconex contributes 40% of the capital, and at the same time assumes the role of general contractor in this seaport project.
- The total planned area of the port is 480 hectares, with a total investment of 2,248 billion VND, expected to be completed and put into operation by 2024.
- With the strength of construction, Vinaconex is aiming to be an investor and contractor for the construction and installation of transport infrastructures such as highways, seaports, and airports.
FULL ARTICLE
On the morning of October 24, 2021, Quang Ninh province officially started the construction of the Van Ninh General Port Phase 1 project. The owner of this project is Van Ninh International Port Joint Stock Company, owned by 3 major shareholders, including Vinaconex Corporation contributes 40%, Duong Dong Group Joint Stock Company contributes 40%, local partners contribute 20% of charter capital. In which, Vinaconex assumes the role of general contractor in this seaport project
The total planning area of the port is 480 ha, of which phase 1 is deployed on an area of 82 ha; the total berth length is 500 m for ships and 390 m for barges. The total investment is 2,248 billion VND, expected to be completed and put into operation by 2024.
With the design of the main wharf item with a length of 500m, the port can simultaneously park 2 ships of up to 20,000 DWT or 3 ships of 10,000 DWT. Barges can be parked at the back of the berth. In addition, the wharf also has 180m of barge berth in the interior, adjacent to the shore, built 3 bridges, etc. The warehouse area is synchronously invested with modern infrastructure equipment to best meet the requirements of general and container handling.
Van Ninh General Port is one of a series of four long-term growth-driving projects of Quang Ninh. The port is capable of receiving ships with a tonnage of up to 20,000 tons, ferries on sea and inland waterways, and functions as a focal point for gathering and distributing Vietnam’s import and export goods to the Chinese market. At the same time, the port also meets the requirements of protecting national security, the sovereignty of sea and islands when necessary.
About Vinaconex
Vinaconex plans to use its building expertise to become an investor and contractor for the development and installation of transportation infrastructures such as motorways, seaports, and airports.
Vinaconex and its consortium are bidding on the three largest packages in the three-component projects of the North-South expressway, which are being funded by the Ministry of Transport. Recently, the company took part in the bidding package “Construction of works, supply, installation of equipment, and mechanical and electrical system construction” for the project “Construction of passenger terminal T2, international airport Phu Bai Economic.” The bidding package is worth more than VND 1,545 billion.
As of September 30, Vinaconex’s total assets reached 30,840 billion dongs, up 57% compared to the beginning of the year and slightly up 2% compared to the end of the second quarter. Equity is 7,508 billion dongs, undistributed profit after tax distribute 2,043 billion VND.
The above profit results, according to Vinaconex leaders, demonstrate Vinaconex’s remarkable efforts in the context of many localities implementing social distancing in the third quarter and quiet economic activities, which continue to have many investment activities to prepare for the breakthrough period at the end of the year and next year.
Van Anh
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