The planned developments, which could be extended to 2030, will need total funding of between VND360 trillion and VND440 trillion, the government said in a statement.

It didn’t give details as to the source of the funding.

Vietnam’s ports are expected to handle 600 million tons of goods by 2015, 1,100 million tons by 2020 and 2,100 million tons by 2030, it said.

To meet those targets, Vietnam will need to build large ports such as Van Phong in the central province of Khanh Hoa, Nghi Son in Thanh Hoa province and Lach Huyen in Haiphong city, it added.

According to a Ministry of Planning and Investment official, most of the funding required for the building of those key ports will come from the state budget, while the private sector will invest in various facilities beside the port areas.

Currently Vietnam has more than 100 ports operating along its more than 3,200 kilometers of coastal line.