Japan's Mitsui OSK Lines Ltd joins with Viet Nam National Shipping Lines to construct a major container port in northern city of Hai Phong. Nguyen Dai Dung said," The 53.8ha port will be built under the public-private partnership model." It would consist of building infrastructure and use official development assistance loans from Japanese Government. Ja pan spends approximately US$250 million to build two container terminals. Japanesse companies set up plants and Vietnam wants to be an export base. Vietnam need at least $56 billion to build and upgrade their seaport before they develope marine economy.
It is seem like they sigh an agreement to be allience. It is nice to build more infrastructures. Therefore, they can trade more and the econimic will increase slowly. It is easier to import and exports stuffs. Things will get cheaper and easily find. More information http://vietnamnews.vnagency.com.vn/Economy/202536/Japanese-firms-to-build-new-port.html
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