The objective of the Project is to invest in the construction of 2 container terminals No. 5 and No. 6 at Lach Huyen Port Area, Hai Phong City to gradually build a modern container port area according to the approved planning; meet the needs of exporting and importing goods from the Northern region directly to the European and American markets; exploit the maximum advantages of natural conditions and geographical location to develop Dinh Vu - Cat Hai Economic Zone (seaport system, logistics and industrial park after the port) to promote the socio-economic development of Hai Phong city in particular and the Northern region in general.

Project implementation location at Lach Huyen port area, Cat Hai island area, Hai Phong city. Project operation period is 70 years.

In terms of scale, the project invests in the construction of 2 wharves with a length of 750 m (each wharf is 375 m long) to receive container ships up to 100,000 DWT (equivalent to a capacity of 8,000 Teus); 1 barge wharf to receive ships and barges with a capacity of 48 Teus; port protection works, warehouse systems, port service infrastructure, water area for ships and water area connecting to Lach Huyen public waterway; land use scale is about 47 hectares.

The investment capital for the project (registered by the investor) is 6,425.2 billion VND; phase 1 (from 2020 - 2025) is 6,072.976 billion VND; phase 2 (from 2030 and after 2030) is 352.236 billion VND. Of which, equity capital accounts for 15% of total investment capital, loan capital and other legally mobilized capital account for 85% of total investment capital.

The implementation progress of phase 1 is expected to take 4 years from the date of approval of the investment policy decision; phase 2 is expected to take 1 year to construct, the construction time is suitable for the demand for goods passing through the port.

Hai Phong City People's Committee inspects and supervises the implementation of the Project of HATECO Group Joint Stock Company in accordance with the provisions of law on investment, construction, land, natural resources and environment, other relevant laws, the direction of the Prime Minister, the opinions of relevant ministries and branches, including inspecting and supervising the capital mobilization of investors (own capital, self-supplemented capital, self-mobilized capital and loan capital) according to the progress of the Project implementation.

In addition, coordinate with the Ministry of Natural Resources and Environment to direct and guide HATECO Group Joint Stock Company to promptly carry out the environmental impact assessment procedures of the Project in accordance with the provisions of the law on environmental protection; the Project may only be implemented when the environmental impact assessment report is approved by a competent authority.

At the same time, direct relevant agencies and guide HATECO Group Joint Stock Company to promptly carry out tax incentive procedures and related policies in accordance with the provisions of law; coordinate to promptly resolve difficulties and problems (if any) in the process of organizing and implementing the Project.

HATECO Group Joint Stock Company (investor) coordinates with port enterprises in the region in the process of investing, exploiting and using seaports, ensuring economic development associated with national defense and security; improving the efficiency of deep-water port exploitation and competitiveness with international seaports and regional seaports;...