Business

HCM City seeks special mechanisms to attract investors for Can Gio port

A key recommendation was for the municipal Party Committee to issue policy guidance on special mechanisms to support long-term strategic investors, particularly the Mediterranean Shipping Company (MSC) – the world’s largest shipping company.

The Can Gio port terminal zone is planned to have 2 to 4 berths by 2030, with a projected cargo throughput of 28.8 to 57.6 million tonnes. (Photo: VNA)
The Can Gio port terminal zone is planned to have 2 to 4 berths by 2030, with a projected cargo throughput of 28.8 to 57.6 million tonnes. (Photo: VNA)

HCM City (VNA) – The Ho Chi Minh City People’s Committee has proposed special mechanisms to attract and retain strategic investors for the Can Gio International Transshipment Port project, as part of the efforts to position the city as a key regional logistics and seaport hub.

In a proposal, the People’s Committee requested approval of the municipal Party Committee to continue implementing the project and committed to working closely with relevant ministries and central agencies to complete all required investment procedures.

A key recommendation was for the municipal Party Committee to issue policy guidance on special mechanisms to support long-term strategic investors, particularly the Mediterranean Shipping Company (MSC) – the world’s largest shipping company. Proposed incentives include enhanced transport and logistics infrastructure, warehousing support, streamlined administrative procedures, and preferential policies to attract logistics service providers.

The municipal People’s Committee also plans to direct relevant departments to synchronise and update planning frameworks – including marine spatial planning, land use, transport, and environmental management – to provide a legal basis for land and water surface allocation and investment licensing.

Approved in principle by the Prime Minister under Decision No. 148/QD-TTg dated January 16, 2025, the port project spans around 571 hectares, with a minimum investment of 50 trillion VND (over 2 billion USD) and a 50-year operational term. It was jointly proposed by Saigon Port JSC and Terminal Investment Limited Holding S.A., a subsidiary of MSC Group.

Designed to accommodate vessels of up to 250,000 tonnes (24,000 TEUs), the port is expected to handle up to 16.9 million TEUs annually by 2045.

In recent months, the People’s Committee has conducted field surveys, expert consultations, and workshops, receiving strong consensus from central ministries and Southeast region provinces. The project has been incorporated into key national and regional development plans, including the National Master Plan, the master plan for Vietnam’s seaport system, and HCM City’s overall development strategy.

Seen as a strategic priority under Vietnam’s national maritime economic development policy, the Can Gio port is expected to significantly boost foreign investment and help establish Vietnam as a regional and global transshipment hub./.

VNA
#Ho Chi Minh City #Can Gio International Transshipment Port #seaport hub #Mediterranean Shipping Company
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