Vietnam's first Panamax-sized port set for March open

by Emily Buckley
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WASHINGTON, D.C., U.S. — Panamax vessels will soon be pulling into a new Vietnamese port, greatly increasing the country’s capacity to import feed grains.

The new port, owned by the Interflour Group, is located in Vung Tau, east of Ho Chi Minh City. It is Vietnam’s first dedicated grain handling port capable of accommodating Panamax-sized vessels and will include facilities capable of discharging 10,000 tonnes of coarse grains daily.

It is scheduled to be in operation by March, and the first Panamax shipment is set to arrive in June.

In the past, Vietnam has relied on domestically produced maize or maize imported from China via smaller boats.

With grain demand in Vietnam growing at double-digit rates, U.S. Wheat Associates has identified this newly emerging market as holding significant growth potential for U.S. growers.