Vietnam inaugurated Tuesday an international seaport at Cam Ranh Bay, a former military base in the south-central province of Khanh Hoa, for both military and civilian purposes.
Work on the Cam Ranh International Port started in September 2014, and the first phase has just finished.
After the next phase, whose completion date has not been confirmed, the project will be one of the largest ports in Vietnam in terms of wharf length. It will be able to handle 18 ships at a time and accommodate vessels of up to 110,000 DWT.
As a naval maintenance and logistics facility for foreign warships, it will be capable of receiving 185 ships each year.
Speaking at the opening ceremony, President Truong Tan Sang said that Cam Ranh will become one of Vietnam's top deep water ports located near international maritime routes, providing modern maritime services in Vietnam.
President Truong Tan Sang shakes hands a navy officer at the opening ceremony of Cam Ranh International Port in Khanh Hoa Province on March 8, 2016. Photo: Tran Dang
The total investment is VND2 trillion (US$89.7 million), with a quarter coming from PetroVietnam and the rest from Saigon New Port Corporation.
Situated 300 kilometers north of Ho Chi Minh City and 45 kilometers south of Khanh Hoa's capital town of Nha Trang, Cam Ranh Bay is often known for its military port, which is ranked as one of the best in the world.