Cai Mep International Terminal inaugurated
The deep-water Cai Mep International Terminal (CMIT) was officially inaugurated in Tan Thanh district, Ba Ria-Vung Tau province, on December 1 in the presence of Danish Crown Prince Frederik.
The terminal is expected to give new impetus to socio-economic development in southern provinces and increase trade volume between Vietnam and other countries, said Ngo Thinh Duc, Deputy Minister of Transport.
It will shorten the shipping time between Vietnam and major markets such as the EU and the US by 7-10 days, and trim costs by avoiding transit through intermediate ports.
Construction of the port began in May 2008 on an area of 48 hectares with a total investment of $250 million.
During its construction, the port received a 131,263 DWT container ship.
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