Hanoi: The Ba Ria-Vung Tau Provincial People’s Committee has suggested Hanoi create a port authority to administer the Cai Mep-Thi Vai port complex.
“Applying the port authority model is a smart move, matching the world development trend,” said deputy chairman of the Ba Ria-Vung Tau provincial people’s committee Ho Van Nien.
Despite vast amounts of new quayside being created in the Cai Mep-Thi Vai area in the past decade the terminals in the area are only operating at under a fifth of their operating capacity, leading to huge losses for terminal operators.
Earlier this year, the Vietnamese government allowed the Vietnam Maritime Administration to pilot the model at some ports. [23/10/14]
