Phu My Investment Group implements Phu My Port Project worth over 6,000 billion VND

Phu My Port is attached to Phu My Industrial Park. Project perspective image.

Mr. Nguyen Tu Cong Hoang, Vice Chairman of Gia Lai Provincial People's Committee, has just signed a decision approving the investment policy and investor for Phu My Investment Group Joint Stock Company (headquartered at Hoai Thanh Street, An Phuoc Urban Area, Quy Nhon Nam Ward, Gia Lai Province) to implement the Phu My Port Construction Investment Project - Phase 1.

Accordingly, the project is invested to build Phu My Port to ensure regional planning integration and form an industrial city and port city in the future.

In which, Phu My Industrial Park and Phu My Port are organically linked together, the operation of Phu My Port is closely linked to Phu My Industrial Park, meeting the production and cargo transportation activities of the Industrial Park; at the same time, promoting traffic connection to the port to meet the inter-regional connection needs; increasing the proportion of maritime transportation and logistics. Phu My Port is the core to promote the formation of an industrial urban area - seaport.

At the same time, Phu My Port was built to meet the requirements of exploiting maritime infrastructure works, avoiding wasting investment resources and marine resources to start up Phu My port area with scale and long-term vision, meeting the immediate and long-term development needs of Phu My Dong commune in particular and Gia Lai province as well as regional development in general.

According to the People's Committee of Gia Lai province, the Phu My Port Construction Investment Project - Phase 1 (2026-2028) will serve the loading and unloading of general cargo, liquid cargo, and processed products from Phu My Industrial Park; loading and unloading of goods to serve local socio -economic activities.

The investment items of phase 1 of the project include organizing the overall port area of phase 1 with an area of 205 hectares.

Construction of sea dikes to protect warehouse and cargo yard areas, including a northern sea line with a length of about 860 m and a southern sea line with a length of about 830 m; construction of a northern and northeastern breakwater line, with a total length of about 2 km connecting from the axis to the northern port of Phu My Industrial Park (phase 1).

Notably, Phu My Port - Phase 1 will build 2 general cargo wharves with a wharf length of about 600 m to receive general cargo ships with a capacity of 100,000 - 150,000 tons; build 1 liquid cargo wharf with a wharf length of about 300 m to receive liquid cargo ships with a capacity of 100,000 - 150,000 tons.

In addition, the project also builds a warehouse and yard for general cargo and bulk cargo, capable of receiving containers; organizes traffic through 2 connecting axes to the planned road of Phu My Industrial Park - phase 1...

Regarding the expected cargo capacity through the port, the Gia Lai Provincial People's Committee informed that the preliminary forecast of cargo volume through the port by 2030 is about 3.8-4.4 million tons/year (including liquid cargo, general cargo, containers, materials, and specialized energy equipment).

The cargo volume capacity through the port operating from 2028 is 2.4 -3 million tons/year of general cargo and containers; about 1.4 million tons/year of liquid/gas cargo.

Phu My Port Construction Investment Project - Phase 1 has an investment capital of more than 6,086 billion VND, of which the investor's contributed capital is more than 912 billion VND (accounting for 15% of the investment capital), the remaining capital is mobilized from credit institutions.

Phu My Port Construction Investment Project - Phase 1 is implemented in Phu My Dong commune.

The project is implemented in Phu My Dong commune with an expected area of about 205 hectares, including 60 hectares of land and 145 hectares of sea surface.

Regarding the implementation progress, the Gia Lai Provincial People's Committee requires the investor to complete procedures and propose investment policies from March 2025 to September 2026; prepare a Feasibility Study Report; complete land procedures, review environmental impact assessment reports, construction permits, assign sea areas and other related legal procedures.

Construction of project items will start in September 2026 and acceptance and handover for operation in October 2028.

Phu My Investment Group Joint Stock Company is also the investor of Phu My Industrial Park Project - Phase 1 in Phu My Dong Commune with an area of 436.87 hectares, with a total investment capital of over VND 4,569 billion. The project was previously approved by the People's Committee of Binh Dinh Province in principle and approved the investor on February 18, 2025.

On August 19, Phu My Investment Group Joint Stock Company will hold the groundbreaking ceremony of Phu My Industrial Park Project - Phase 1.

According to the Government Newspaper, within the framework of the State visit to Korea, on the morning of August 12 local time, in Seoul, Korea, the Vietnamese Ministry of Finance , the Korean Ministry of Trade, Industry and Energy (MOTIE), the Korean Chamber of Commerce and Industry (KCCI), and the Vietnamese Embassy in Korea organized the Vietnam - Korea Economic Forum with the theme "Cooperation to develop production chains in the new era!".
General Secretary To Lam and South Korean Prime Minister Kim Min Seok, along with high-ranking representatives of the two countries, witnessed the signing ceremony of cooperation agreements between Vietnam and South Korea. In particular, Phu My Investment Group Joint Stock Company and Eric C&C Company cooperated to develop automatic ports, smart logistics solutions and digital infrastructure to serve Phu My port.

Source: https://baodautu.vn/tap-doan-dau-tu-phu-my-thuc-hien-du-an-ben-cang-phu-my-hon-6000-ty-dong-d357456.html