A proposal has been submitted by an investor to develop an international transshipment port in Can Gio, Ho Chi Minh City, with the project named the Saigon Gateway International Transshipment Port.
The Ho Chi Minh City People’s Committee has reported to the Ministry of Planning and Investment on the appraisal of the investment policy for the Saigon Gateway International Transshipment Port project, as previously requested by the Ministry.
According to the investor’s proposal, the project site is located on Phu Loi Island (commonly known as Con Cho or Ong Cho Island) in Can Gio District, Ho Chi Minh City.
Location: Adjacent to the Cai Mep – Thi Vai channel, in the territory of Phu Loi Island, Can Gio District.
An investor proposes to build a port in Can Gio with a total investment of more than VND 113,000 billion
Project objectives: To construct the Saigon Gateway International Transshipment Port (SIGP) in Can Gio, including services related to the operation of a container seaport and other services such as container handling, use of bridges, wharves, and mooring buoys, customs procedures (including clearance services), cargo transportation, technical analysis and inspection, and other services.
The total river frontage is approximately 7.2 km, with a main wharf length of 6.8 km, capable of simultaneously accommodating 13 mother ships with a capacity of up to 250,000 DWT and 24,000 TEUs, as well as feeder vessels; the barge wharf is 1.9 km long and can accommodate vessels with a capacity of up to 5,000 tons and 250 TEUs.
The Ho Chi Minh City People’s Committee finds that the investor’s proposal is consistent with the content of the Report on the approval of adjustments to the master plan for the development of Vietnam’s seaport system for the period 2021-2030, with a vision towards 2050, submitted by the Ministry of Transport to the Prime Minister.
In addition, the Prime Minister is considering approving adjustments to the master plan for the development of Vietnam’s seaport system for the period 2021-2030, with a vision towards 2050, which includes a proposal to add the Can Gio International Transshipment Port to the planning and approve the project proposal for the construction of the Can Gio International Transshipment Port.
The project location proposed by the investor in the application dossier, an area of 571 hectares on Phu Loi Island, is consistent with the proposed location for the construction of the Can Gio International Transshipment Port in the project proposal for the construction of the Can Gio International Transshipment Port in Ho Chi Minh City.
Furthermore, upon review, the Ho Chi Minh City People’s Committee finds that the investment scale and design capacity of the project, including all phases (16.9 million TEUs), are consistent with the investment scale and design capacity proposed in the draft project proposal for the construction of the Can Gio International Transshipment Port, which is currently under consideration for approval by the Prime Minister.
According to the project proposal submitted by the investor, the total investment capital for the project is over VND 113,000 billion, and the implementation period is 22 years. The investor proposes a 7-phase investment schedule, with an expected disbursement of VND 50,000 billion in the first 10 years (total investment capital for the first 3 phases, expected to be completed by 2033).
Regarding this issue, the Department of Planning and Investment has requested the investor to provide a report clarifying the above-mentioned total investment capital.
However, the investor has not provided a clear report on this matter. Additionally, at the time of the investor’s preparation of the investment proposal (and up to now), the master plan and construction planning at the project site have not been approved by the competent authority.
Therefore, the Ho Chi Minh City People’s Committee proposes that the Ministry of Planning and Investment request the investor consortium to supplement related explanatory contents.
Regarding the selection of investors, the Ho Chi Minh City People’s Committee finds that the project falls under the category of industries prioritized for attracting strategic investors to the city as stipulated in Clause 1, Article 7 of Resolution 98/2023/QH15 and, therefore, should follow the procedure for selecting strategic investors as prescribed in Clause 7, Article 7 of Resolution 98.
However, strategic investors must meet the conditions specified in Clauses 3, 4, 5, and 9 of Article 7 of Resolution 98.
