Koon Holdings has won a US$160.29 million port project in Vietnam �C its first major overseas contract, reported Business Times.

The civil engineering, reclamation and shore protection specialist clinched the deal for the turnkey design and construction of Sao Bien International Port through its 60 per cent owned subsidiary Koon-Top Pave Joint Venture (KTP).

KTP's other 40 per cent equity interest is held by Top Pave (TP), a Singapore-based general building contractor. The principal activities of the venture are to engage in civil engineering projects in Vietnam.