en.Wedoany.com Reported - The Ho Chi Minh City government has recently approved a major port development project. A consortium comprising Vietnam Maritime Corporation, Saigon Port Joint Stock Company, and Terminal Investment Limited Holding S.A. will invest $4.99 billion to construct the Can Gio International Transshipment Port.
The Can Gio International Transshipment Port is planned to be constructed in phases on a 571-hectare land area, aiming to achieve a handling capacity of 4.8 million TEUs by 2030 and further increasing to 16.9 million TEUs by 2047. The main quay length is 7.5 kilometers, designed to handle ultra-large container ships up to 250,000 deadweight tons (24,000 TEUs) or larger if conditions permit, to accommodate future shipping demands.
The initial development phase plans to build 2 to 4 berths, with a total quay length of 1,016 to 2,016 meters. The annual throughput is estimated to be 22.8 to 57 million tons, equivalent to 2.4 to 4.8 million TEUs. As cargo volume grows, the facility will be positioned as a regional transshipment hub to facilitate international trade flows.
The long-term plan envisions expansion to approximately 13 berths by 2050 to cope with the growth in international transshipment flows and cargo volume. The total investment is set at 128.872 trillion Vietnamese dong ($4.99 billion). The project term is 50 years from the allocation of the sea and land area, laying the foundation for the sustainable development of the Can Gio International Transshipment Port.
Authorities have set strict funding and implementation conditions, including disbursing at least 50 trillion Vietnamese dong within the first 10 years, prohibiting project transfer during this period, and requiring full completion within 20 years. Investors must establish a dedicated project company, maintain the agreed equity ratio, ensure financing according to Vietnamese law, and comply with the approved implementation plan and schedule.
Vietnam Maritime Corporation is a state-owned maritime enterprise whose businesses cover shipping, port infrastructure, and logistics services, engaging in ship ownership, terminal operations, and maritime support services in Vietnam. Saigon Port Joint Stock Company manages port terminals and logistics infrastructure in southern Vietnam, focusing on cargo handling and integrated port services in the Ho Chi Minh City area. Terminal Investment Limited Holding S.A. is an international terminal investment platform linked to the interests of Mediterranean Shipping Company, managing a global portfolio of container terminal assets.
The construction of the Can Gio International Transshipment Port is expected to significantly enhance Vietnam's port handling capacity, support regional trade growth, and add a crucial node to the Southeast Asian logistics network.
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