The importance of ports

Singapore, Hong Kong, Shanghai, New York/New Jersey, Tokyo/Yokohama, Seoul/Busan, Taipei/Kaohsiung. All ports and all rocking cities to say the least. Connection?

Viet Nam still lacks a true deep-water port, which can have huge implications for future development. This is due to many reasons, including a lack of development, funding, stability, and geographical hindrances. The biggest problem today is the fact that, despite adequate support from financial sectors, there just isn’t a good place to put such a facility. All of the rivers and bays that could be potential ports are too shallow or fill up with silt too quickly for it to be dredged. Singapore has had a huge project into building its amazing port system, but they have more state control for one, and they are much more economically developed.

The benefits of such a port in Viet Nam would be immense, attracting more investment, cutting costs across the board, and increasing living standards within the country. Sai Gon, Hai Phong, and Da Nang already have ports, but they are not yet worthy of other world powers, and if Vietnam is serious about being a front runner in the new world economy, it desperately needs the rewards that a huge seaport can bring.