Red River Delta to be logistics centre of the country Investment attraction in North Vietnam over the next five years will focus on infrastructure and logistics development in order to enable the Red River Delta region to become a key logistics centre for the country, as well as to draw more international investment into the region. The affirmation is part of the terms of the socioeconomic development plan and public investment targets of both 2021 and the 2020-2025 period for the Red River Delta region. The region, with Hanoi as the centrepiece, is the hub of politics, culture, and the economy, with Hanoi-Haiphong-Quang Ninh as a development triangle connecting to other economic areas in both the country and overseas. The Red River Delta is also a location where factories of leading manufacturers such as Samsung, LG, Panasonic, and VinFast are based. As a result, developing seaports, logistics, and more in the region is a strategic priority. According to the master plan for seaports for 2021-2030 with a vision to 2050 drafted by the Vietnam National Maritime Bureau, around VND100 trillion ($4.35 billion) is required for seaport infrastructure. “The annual volume of goods transported through seaports usually increases by tens of percentage points. Two… Read full this story
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