The entire port infrastructure of An Thoi, the largest general seaport in the island city of Phu Quoc, will continue to be leased in the form of auction.
An Thoi port is currently promoting about 17% of its design capacity
Mining right auction
An Thoi Port is a seaport invested by the State with a total cost of 128 billion VND with a design capacity of 280,000 tons of cargo / year, 440,000 passengers / year. At the time the project was put into operation (2012), An Thoi is the main port (main port) and the only port in Phu Quoc that can receive ships of up to 3,000 DWT.
Previously, in January 2014, the Vietnam Maritime Administration gave a consortium of investors, Saigon Transport Services Joint Stock Company – Hiep Phuoc Maritime and Development Investment Joint Stock Company (TRANACO Joint Stock Company – HPI) leases the infrastructure of An Thoi port with the lease period from 2014 to 2043. These two investors have established An Thoi Port Investment and Operation Joint Stock Company to execute the contract with the Department. Vietnam Maritime. However, during the implementation of the Contract, due to a number of reasons from the lessee, the Vietnam Maritime Administration unilaterally terminated the above-mentioned Contract on January 1, 2021.
It should be added that the leasing of maritime infrastructure has been implemented quite effectively by the Ministry of Transport – Transport and the Vietnam Maritime Administration. Since 2004 until now, there have been 4 leases of marine infrastructure invested with state budget funds, with the total rental paid to the state budget up to 1,480 billion VND. .
“The contract no.03 for renting An Thoi port was unilaterally terminated ahead of time because the internal investor consortium had many disagreements, leading to the incorrect payment of rent to the State on time. The operation of An Thoi port in the form of leasing still brings efficiency to the State ”, Mr. Luu Quang Lam, Chairman of the Board of Directors of An Thoi Seaport Investment and Exploitation Joint Stock Company affirmed.
According to Mr. Nguyen Nhat, Deputy Minister of Transport – Transport, to continue to select the lessee to operate An Thoi port according to the provisions of Decree No. 43/2018 / ND-CP dated March 12, 2018 of the Government, The Ministry of Transport has instructed the Vietnam Maritime Administration (the unit assigned to manage assets) to develop the Scheme.
“Up to now, the Scheme’s dossier has been completed and valid according to regulations. The fact that the Ministry of Transport and Transport consulted the Ministry of Finance – the public property management agency – is to comply with the provisions of Decree No. 43/2018 / ND-CP dated March 12, 2018 of the management, use and exploitation of maritime infrastructure assets, ”said Mr. Nhat.
Potential risks
According to the proposal of the Vietnam Maritime Administration, the entire maritime infrastructure of An Thoi port will continue to be leased for about 42 years from the time of signing the lease contract (expected from 2021). by 2063 (according to the time of use of the property).
The starting price for the rental auction of An Thoi port infrastructure is about 195 billion VND, determined by two items: fixed collection price worth 160 billion VND (residual value of the property; service costs annual asset management and exploitation of the lessor; cost of project formulation, auction organization) and the change in price of VND 35 billion, based on the lessee’s revenue from exploiting profit.
Representative of the Vietnam Maritime Administration said that this starting price is close to the developments of An Thoi port in recent times. In fact, after 7 years of leasing, it shows that the output of goods through the port only reached an average of 17% of the design capacity.
The main reason is that goods transported to Phu Quoc Island are mainly construction materials for civil construction works, goods related to people. Because it is located in the southern part of the island, far from projects and works under construction, if the cargo is unloaded at An Thoi port, it will take a long road transport process, but the road is narrow, through the residential market small bridges, bridges, low payloads, not suitable for the transportation of heavy and bulky goods.
“That is not to mention, Phu Quoc currently has many temporary ports and inland waterway ports, scattered near the construction works around the island, with cheap rates, quite convenient for loading and unloading goods. The contractor will definitely have experience and a stable source of goods, ”said the leader of the Vietnam Maritime Administration.
An Thoi Port Investment and Operation Joint Stock Company, Phu Quoc Sun Company Limited and some local investors are very interested in participating in leasing the right to operate An Thoi port in the case of the Scheme. approved by competent authorities.
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