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Cash-strapped investor needs partners for $619 mln seaport in central Vietnam

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The area earmarked for developing a seaport worth VND14.234 trillion ($618.9) in the central province of Quang Tri. Photo by VnExpress/Quang Ha

 

The investor of a VND14.234 trillion ($618.9 million) seaport in Quang Tri Province is calling for partners to jointly develop the facility.

 

Since the My Thuy Seaport Project’s ground-breaking ceremony in February 2020, its investor, My Thuy International Port Joint Venture Company (MTIP), has not even completed site clearance.

 

In a document sent to the Ministry of Planning and Investment on Oct. 7, the Quang Tri People’s Committee said MTIP’s equity was just VND42.6 billion, so it cannot implement the project as an independent investor.

 

Full Story: https://e.vnexpress.net/news/business/industries/cash-strapped-investor-needs-partners-for-619-mln-seaport-in-central-vietnam-4369291.html

 

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-- © Copyright VN Express 2021-09-13

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