Japanese-based Sumitomo Corporation has teamed up with logistics company Suzuyo and a Japanese public-private fund to take a 10 percent stake in Vietnam’s Gemadept SJC, which engages in the port operation and logistics business.
Port operator Sai Gon Newport Corporation hopes to handle 6.06 million TEUs (equivalent to 80.6 million tonnes) of cargo this year, 13 percent higher than last year.
Dubai Port World (DP World) will continue developing the Saigon Premier Container Terminal Port (SPCT) in Ho Chi Minh City, said Rashid Abdulla, Senior Vice President of Asia Pacific DP World.
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