In 2021, the VSICO Maritime Joint Stock Company was allowed by Quang Tri Provincial People’s Committee to research, survey and invest in the VSICO Quang Tri inland port project in Lao Bao special economic and commercial zone. Now, this project is officially approved for investment policy and investors.

The Management Board of Quang Tri Economic Zone has just held a ceremony to award the decision to approve the investment policy and at the same time accept the investor for VSICO Maritime Joint Stock Company to implement the VSICO Quang Tri inland port project in the cluster. The expanded border gate belongs to Lao Bao special economic-commercial zone. This is the first project of 2023 to be granted an investment policy decision in Quang Tri province.

The VSICO Quang Tri inland port project is implemented to invest in a system of warehouses, yards, technical infrastructure, and equipment systems to meet the provision of cargo handling services, warehousing, and other activities. Direct support service activities related to transportation and customs clearance of goods. The estimated land area to be used is 85,782 m2, and the throughput capacity of the port is from 50,000 -150,000 TEUs/year. Total investment capital is more than 236.6 billion VND. According to the roadmap, it is expected that in the first quarter of 2026, the project will come into operation.

Lao Bao special economic – commercial zone has a total area of 15,804 ha, including 5 communes and 2 towns along Route 9 in Huong Hoa district. This is an integrated economic model that is both an industrial park, an export processing zone, a border gate economic zone, and a special non-tariff zone. Lao Bao Zone is allowed to apply pilot mechanisms and policies with the highest incentives according to Vietnam’s regulations and international treaties that Vietnam has signed or acceded to.

Up to now, this economic zone has attracted more than 800 billion VND of state budget investment into the infrastructure system; 3,000 billion VND of investors and businesses in about 60 production and business projects.

In 2020, Lao Bao special economic-commercial zone was selected by the Prime Minister of Vietnam as one of eight key border-gate economic zones in the country to focus on development investment from the state budget in the coming period of 2021 to 2025.

About VSICO Maritime Joint Stock Company, this unit has a transaction office at number 9, lane 84, Ngoc Khanh Street, Giang Vo Ward, Ba Dinh District, Hanoi. VSICO was established on March 28, 2007, by Ms. Nguyen Thi Van Ha as the legal representative. Currently, VSICO has a multi-industry business with specialized fields of multi-modal transport and logistics services. The company owns and manages and operates a fleet of container ships with a capacity of 600-1700 TEU/vessel, and large transport vehicles (such as semi-trailer tractors, small cargo distribution trucks, and trucks). inter-provincial.

Source: VietnamFinance