Accordingly, the decision was made to adjust the project's investment capital from VND50 billion to VND67.7 billion. Of which, the investor's contributed capital is VND20.3 billion and the loan capital is VND47.4 billion.

The decision also adjusts the progress of basic construction and putting the project into operation or exploitation. Specifically, from the second quarter of 2021 to the fourth quarter of 2023, investment procedures will be completed to hand over the site; from the first quarter of 2024 to the second quarter of 2024, investment in infrastructure for the storage yard will be carried out; from the second quarter of 2024 to the third quarter of 2024, investment in the traffic road will be carried out. From the fourth quarter of 2024 to the first quarter of 2025, investment in purchasing loading and unloading equipment will be carried out and the remaining items will be completed to put the project into operation.

Quy Nhon Port Joint Stock Company is required to concentrate financial resources, promptly implement the project, ensure progress and procedures according to current regulations. In case the project has not been completed and put into operation by that time, the Department of Planning and Investment shall propose the Provincial People's Committee to terminate the project according to regulations.

Quy Nhon Port Expansion Project to 2030 was approved for investment policy and investor approval on June 29, 2021. The project is implemented on an area of ​​3.8 hectares with items such as warehouse area, cargo yard area, container yard, port technical infrastructure area, trees,...

Binh Dinh Provincial People's Committee said that the current road traffic infrastructure in the port area is overloaded and needs to build and arrange parking lots for containers and trucks within the project area.

According to the detailed construction planning project at a scale of 1/500 for Quy Nhon Port Expansion to 2030, the Quy Nhon Port area by 2030 will have a total area of ​​about 87.92 hectares. The planning goal is to develop and expand Quy Nhon Port into one of the modern regional seaports to meet the socio-economic development needs of Binh Dinh province, the South Central Coast and the Central Highlands regions.

Accordingly, the onshore area of ​​56.13 hectares is planned to have functional areas including a general container port area with a total area of ​​4.72 hectares, a rear warehouse area with a total area of ​​about 28.86 hectares...

At the end of March 2023, Quy Nhon Port Joint Stock Company completed the project to upgrade wharf No. 1 - Quy Nhon Port (part of the general container port planning area) with a total investment of more than 546 billion VND, 90 days ahead of schedule. The total length of the wharf after upgrading is 480 m, 35 m wide; ensuring simultaneous reception of 2 general cargo ships, 30,000 DWT fully loaded container ships.

Quy Nhon Port is a national general port, a regional hub (type 1) of the South Central Coast seaport group. The port is located in Quy Nhon Bay, sheltered by Phuong Mai peninsula, sheltered from the wind, convenient for ships to anchor and load and unload cargo all year round.

Quy Nhon Port can receive ships up to 30,000 DWT and ships of 50,000 DWT with reduced capacity. In the planning orientation of Binh Dinh province for the period 2021-2030, with a vision to 2050, Quy Nhon Port will be promoted to invest in completing infrastructure.