Vietnam's Da Nang People's Committee has approved the investment policy for the Lien Chieu container port, a deep-water facility designed to handle ships of up to 18,000 TEU, reported Saint Petersburg's PortNews.

The project will cost an estimated VND45.268 trillion (US$1.76 billion) and includes eight berths along a 2,750-metre quay. Construction is scheduled from the fourth quarter of 2025 to the first quarter of 2036.

At full capacity, the port will handle 5.7 million TEU annually, or about 74 million tonnes. Interim throughput by 2030 is projected at 14.25-36.3 million tonnes.

The port will span 172.6 hectares, including 147 hectares of land and 25.7 hectares of water. Facilities will include a barge berth for vessels up to 5,000 tonnes, container yards, inspection areas, repair workshops, offices, and a direct rail link via Kim Lien Station.

Financing will combine VND9.053 trillion in investor equity with credit institution support. Investor selection will be conducted through competitive bidding.

Phase 1, running from 2025 to 2028, requires completion of at least two terminals and supporting logistics infrastructure. A separate publicly funded package, Component A, began construction in 2022 and is due to finish by end-2025.

Vietnam's prime minister called Lien Chieu "a very strategic position for logistics" during a 2024 site visit. City officials say the port is key to Da Nang's green and automated operations strategy.

A consortium including Hateco Group JSC, Hateco Seaport Co, Ltd, and APM Terminals BV submitted a proposal in May 2025. No investor has yet been selected, and the project remains open to tender.