On July 24, 2023, the Prime Minister issued Decision 886/QD-TTg (“Decision 886”) approving plans, policies, solutions, and resources to implement the Master Plan on System Development of Vietnam's ports in the period of 2021 - 2030, with a vision to 2050 ("Master Plan") according to Decision No. 1579/QD-TTg dated September 22, 2021 ("Decision 1579").
One of the notable contents of Decision 886 is to set out a policy to call on and attract private capital sources outside the state budget for the development of seaport infrastructure. Specific solutions to implement this policy are as follows:
1. Diversification and institutionalization of capital funding solutions
a. Diversify resources from budget and non-budget, domestic and foreign resources to carry out the planning and investment in developing seaport infrastructure according to the Master Plan.
b. Institutionalize solutions for mobilizing and using resources to ensure effective and feasible implementation.
c. Continue to strengthen relationships with relevant organizations of strategic partners of Vietnam such as Japan, Korea, and other countries, international organizations such as Japan International Cooperation Agency (JICA), Asian Development Bank (ADB), and other organizations to attract investment capital in seaport infrastructure, transport infrastructure connected to seaports.
d. Propose a specific mechanism for using the fee for leasing marine infrastructure to meet urgent projects in the maritime sector.
e. Study and apply investment incentives to investment projects using water surface and sea areas to increase the attraction of investors to develop maritime infrastructure.
2. Seaport infrastructure development projects on the list calling for enterprise capital for implementation
Decision 886 setting out the list of seaport infrastructure development projects expected to use the enterprise's capital is also detailed, the roadmap for implementation in two phases 2021 - 2025 and 2025 - 2030 with a total investment capital of 145,758 billion VND.
The list of seaport projects expected to use the enterprise's capital includes:
- Wharf No. 3, 4 belong to the Lach Huyen Wharf area
- Wharfs 5, and 6 in the Lach Huyen Wharf area
- Wharf No. 7, 8 belong to the Lach Huyen Wharf area
- Nam Do Son Wharf area (start-up phase)
- Lien Chieu harbor area (start-up phase)
- Tran De - Soc Trang port area (start-up phase)
- Next stations in the Lach Huyen Wharf area
- Expanding Nghi Son - Thanh Hoa port area
- Cai Mep Ha Port and Logistics Area
- Other seaports according to the detailed master plan on a group of seaports, ports, wharves, floating terminals, water zones, and water areas in the period of 2021 - 2030, with a vision to 2050.
Decision 886 takes effect from July 24, 2023.
Comment: