PM Nguyen Xuan Phuc on May 12 launched the construction of Hai Phong Container International Terminal in the northern port city of Hai Phong.
The Government expects the project will create a development force for the city and other localities in the North, the PM affirmed.
He said that with experience and capacity of Japan's Molnykit Company, the terminal will be launched timely and effectively.
PM Phuc thanked the Japanese Government for active support and cooperation to facilitate Japan's Molnykit Company in realizing the project.
He required the city and related agencies to create favorable conditions for investors and contractors to ensure safety, security, order and environmental projection standards.
With a total investment of US$321 million, the two-750 meter-wharf terminal will be capable of receiving up-to-100,000 DWT container vessels.
Once the terminal comes into operation, it is expected to attract goods in transit in the Lao Northeast region through the East-West Corridor and Chinese South.