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Goverment Support

The economy of Vietnam has recorded the 2nd highest growth  rate in East Asia in recent years. GDP growth has been in excess  of 7% over the last 5 years and the economic outlook is very  bright. Container volumes have also grown at a rate of 15-20%  during the same period. Vietnam's entry to the WTO is further  expected to boost trade volumes. Vietnam has a stable  government system and enjoys positive demographics which only  serves to underline its attractiveness as a place to invest.

Ho Chi Minh City, the economic center of Vietnam, is currently  served by various ports along the Saigon River, most of which are  identified for progressive closure over the next 10 to 15 years  under the Government's master plan. SPCT therefore plays a key  part in the Government's master plan and aims to provide a world  class gateway for Vietnam's trade with the world.

The support of the Vietnamese Government has been important  for establishment of this project. The long-term success of the  project is assured by the growing need for world class  infrastructure to underpin Vietnam's continued economic growth.  The commitment of Government is further re-inforced by their  active participation in the continued development of in-land  infrastructure and the dredging of the Soai Rap River to make a  new Gateway to the global market.