The People’s Committee of Ho Chi Minh City has formally approved the investor for the Can Gio International Transshipment Port project. The consortium comprises Vietnam Maritime Corporation (VIMC), Saigon Port JSC and Terminal Investment Limited Holding S.A.
The decision follows the investment policy endorsed by the prime minister, alongside special mechanisms granted by the National Assembly for Ho Chi Minh City.
The project will cover around 571 hectares, with a total main berth length of 7.5 km. Designed capacity is expected to reach 4.8 million TEU by 2030, rising to 16.9 million TEU by 2047. In its initial phase, the port will include two to four berths capable of handling vessels of up to 250,000 tonnes, with long-term expansion to 13 berths.
Total investment exceeds VND 128.87 trillion (approximately USD 5.1 billion), of which investors will contribute 15 per cent, with the remainder mobilised from other sources. Within the consortium, Terminal Investment Limited Holding S.A. holds 49 per cent, VIMC 36 per cent and Saigon Port 15 per cent.
Terminal Investment Limited Holding S.A. is part of MSC, the world’s largest container shipping line, handling more than 23 million TEU annually and connecting over 500 seaports worldwide. In Vietnam, the company operates in Haiphong, Danang and the Cai Mep, Thi Vai area.
Under requirements set by the city authorities, the investors are prohibited from transferring the project within 10 years from land allocation. They must disburse at least VND 50 trillion (approximately USD 2 billion) in the first decade and complete the entire project within 20 years. The project will operate for 50 years.
Once completed, the port is expected to become an international container transshipment hub, strengthening Vietnam’s position in the global logistics chain. At full capacity, it could generate annual revenues of VND 34-40 trillion (approximately USD 1.3-1.6 billion) and create between 6,000 and 8,000 direct jobs, along with tens of thousands of indirect positions.
The Can Gio area is also being planned for major infrastructure developments, including a nearly 2,870 hectare coastal urban zone, the Ben Thanh, Can Gio Metro Line, Can Gio Bridge and regional transport links aimed at improving connectivity.
