The Ho Chi Minh City People’s Committee has issued a decision approving the investment policy and the investor for the Cai Mep Ha General and Container Port Project.
The project is designed with a total port capacity of 10.8 million TEU per year and a total investment of VND 50,820 billion (approximately USD 1.97 billion). Of this, the investors’ equity contribution is VND 7,623 billion, accounting for 15% of the total investment, while the remaining VND 43,197 billion (approximately USD 1.67 billion), or 85%, will be mobilized.
The city has approved three investors: Geleximco Group – Joint Stock Company, International Transport and Trading Joint Stock Company (ITC Corp), and the State Capital Investment Corporation (SCIC).
Following the merger, Ho Chi Minh City’s seaport is now one of the two largest seaports in Vietnam.
The Cai Mep Ha General and Container Port Project will serve as a gateway port, combining international transshipment, handling container exports and imports for long-haul routes, and international container transshipment.
According to the Ho Chi Minh City People’s Committee, this project aligns with the directives of Resolution No. 36 on the Strategy for Sustainable Development of Vietnam’s Marine Economy and the Master Plan for the Development of Vietnam’s Seaport System for the period 2021–2030, with a vision to 2050.
The Cai Mep Ha General and Container Port covers a total area of 351.2 hectares, including 229.4 hectares for the container terminal and approximately 121.8 hectares of water area in front of the berths.
The port system can accommodate container ships with a capacity of up to 250,000 DWT (24,000 TEU), as well as feeder vessels and barges for coastal and inland waterway transportation.
The project is divided into three phases.
Phase 1, from 2025 to 2030, will involve the construction and operation of the first berth starting in Q4/2028, with a capacity of 2 million TEU per year.
Phase 2, from 2031 to 2040, and Phase 3, from 2041 to 2050, will focus on expanding and completing the entire project, increasing the total capacity to 10.8 million TEU per year.
The Ho Chi Minh City People’s Committee requires investors to ensure the legality and accuracy of the project documents and to balance and mobilize sufficient capital according to the committed schedule.
Investors must also complete all necessary procedures related to land, environment, construction, planning, and financial obligations as required by law.
Upon completion of the Cai Mep Ha port and the Can Gio international transshipment port, Ho Chi Minh City will boast a world-class international transshipment port cluster in the Asian region.
In mid-2024, the consortium of the State Capital Investment Corporation (SCIC), Geleximco Group, and the International Transport and Trading Joint Stock Company (ITC) proposed the implementation of this project.
In Phase 1 (2024–2030), they plan to invest in two berths with a total length of 0.9 km, capable of handling ships up to 250,000 DWT.
The port is located in Phu My Town, Ba Ria-Vung Tau Province, at the river mouth, with a wide and deep maritime channel that allows for the reception of large-capacity vessels.
The Ministry of Transport (now the Ministry of Construction) has assessed that the consortium’s proposal for Phase 1 aligns with the overall and detailed seaport planning in terms of vessel size, functionality, and the investment roadmap for the berths.
The Ministry supports investors with strong capabilities and experience to invest comprehensively, enhancing the efficiency of land, water, and sea area utilization, and strengthening infrastructure connectivity through the application of science and technology.
According to the Master Plan for the Development of Vietnam’s Seaport System for the period 2021–2030, with a vision to 2050, the Cai Mep Ha berth area has been identified by the Government as one of the priority seaport projects for investment by 2030.
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