Thai shipper buys into Vietnamese port

This will give TTA a 20% share of Vietnam’s largest dry cargo deepwater port, which is capable of receiving up to 6m tonnes of agricultural products, coal and fertilizer per annum.

The move is part of a pattern of increasing investment from private and foreign investors in Vietnam’s dry bulk ports, said an official with the Vietnam Ports Association.

“Volumes are not steady,” said the official who added that investment pay-offs were “rather risky in some areas” as the ports viability was dependent on local production and demand. He did not elaborate.

TTA will purchase and hold its stake via Soleadao Holdings, its wholly-owned investment company for projects and assets outside Thailand.