Vietnam seeks foreign investors for the construction of a major new port

The Vietnamese government is seeking foreign finance for the construction of a major new port in Van Phong Bay. While the largest investor will be Vietnam National Shipping Lines, the project requires foreign partners to fund the rest of the cost.
The project was due to go ahead in 2008, but a proposed new steel plant and power plant to occupy the same area effectively prevented work from going ahead.
However, because of a negative environmental impact assessment these engendered, the government is once again backing the port, which will have a draught of 22 metres-27 metres.