HAIPHONG, VIETNAM - Lach Huyen International Gateway Port, the first infrastructure development project involving the public and private sectors of Japan and Vietnam, has opened in Haiphong, Vietnam
The Japanese government provided about ¥110 billion in soft loans to fund the development of the port and nearby bridge and road infrastructure.
The container terminal is run by a joint venture involving Japanese companies Mitsui O.S.K. Lines Ltd. and Itochu Corp.
Port construction that started in 2013 was also undertaken by a Japanese company.
The Lach Huyen port can accommodate container ships with a carrying capacity of over 100,000 deadweight tons.
During an inaugural ceremony Sunday, Prime Minister Nguyen Xuan Phuc expressed gratitude for Japanese assistance.