An artist’s impression of the Can Gio International Transshipment Port in Ho Chi Minh City. Photo: Portcoast
Terminal Investment Limited Holding S.A. is set to contribute 49 percent of the project’s capital.
The port project will span nearly 571 hectares, with a planned main berth length of around 7.5 kilometers.
By 2030, the port is expected to handle 4.8 million TEUs annually, with its capacity projected to expand to 16.9 million TEUs by 2047.
The port will feature between two and four terminals, with a total quay length ranging from 1,016 to 2,016 meters by 2030.
These facilities will be capable of accommodating ultra-large container vessels of up to 250,000 deadweight tonnage (equivalent to 24,000 TEUs), or larger ships.
Its throughput capacity is estimated at 22.8 to 57 million metric tons of cargo, or 2.4 to 4.8 million TEUs.
By 2050, the port is projected to expand to some 13 terminals, meeting rising demand for international container transshipment and supporting long-term cargo growth.
The total investment in the project stands at VND128.872 trillion (US$4.9 billion), with the investors responsible for mobilizing and ensuring sufficient capital.
The municipal administration has asked the investors to strictly comply with the investment policy approved by the prime minister on January 16.
The investors must maintain a balanced ratio between international transshipment cargo and Vietnam’s import-export goods, while ensuring the project does not disrupt operations at nearby ports.
Additional conditions include a prohibition on transferring the project within the first 10 years from the date of land and water surface allocation.
The investors are also required to disburse at least VND50 trillion ($1.9 billion) within the first decade and complete its construction within 20 years, in accordance with national regulatory resolutions.
A transshipment port serves as a critical node in global shipping, where containers are transferred from smaller feeder vessels operating on regional routes to large ships for long-haul international transport.
Terminal Investment Limited Holding S.A is a unit under Mediterranean Shipping Company (MSC), the world’s largest container shipping line headquartered in Geneva, Switzerland.
MSC operates a fleet with a total capacity exceeding 23 million TEUs annually, accounting for roughly 18 percent of the global shipping capacity.
Its services connect more than 500 ports worldwide.
In Vietnam, MSC already maintains routes linking key container ports in Hai Phong City, northern Vietnam, Da Nang City in central Vietnam, and Cai Mep-Thi Vai in southern Vietnam.
Each year, the shipping company transports over one million TEUs of Vietnam’s import-export cargo, connecting the country to major markets including the United States, Europe, China, Japan, Australia, and Southeast Asia.
MSC aims to further expand its intra-Asia network while establishing a new regional transshipment hub.
