News
Vietnam - Laos Vung Ang Port Joint Stock Company recently has launched its operation at the Vung Ang economic zone in Ha Tinh Province, Vietnam.
A contract set up the joint venture was signed in April 2010 between Vietnam and Laos to facilitate the transit of goods to and from Laos and serve the development of the East-West Economic Corridor.
Vung Ang Port, strategically located on the East-West economic corridor linking with Laos and northeastern Thailand, is a deep-water port with average depth of between 10-15 meters and capable to accommodate 50,000-dwt class vessels.
The joint stock company, capitalized at VND 1 trillion, manages two wharves in the port and is expected to handle 1.5 million tons per annum.
