•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
The Can Gio International Transshipment Port project is a large-scale logistics hub with total investment of nearly USD 5 billion. On April 29, Ho Chi Minh City inaugurated and issued investment decisions for five urban infrastructure projects totaling more than VND 280,000 billion, including the approval of the investment decision for the Can Gio International Transshipment Port, moving the project into the implementation phase.
The port will be developed by a consortium including VIMC, Saigon Port, and MSC/TIL, with MSC/TIL described as the world’s largest container carrier holding about 25% of global market share (with VIMC leading within the consortium). The total estimated investment is VND 128,873 billion (nearly USD 5 billion).
According to VIMC, the ownership shares are VIMC 36%, Saigon Port 15%, and TIL 49%. The project site is planned on Can Gio’s Gò Con Chó islet (part of the old Can Gio district, Ho Chi Minh City), covering about 571 hectares (land and water).
The port is designed to receive container ships with deadweight up to 250,000 DWT (about 24,000 TEU). Its design capacity is about 17 million TEU per year.
Unlike the gradual development strategies of Cai Mep–Thi Vai (Vung Tau) and Lach Huyen (Hai Phong), Can Gio is positioned to become a large-scale international transshipment center with competitiveness against regional top ports such as Singapore and Malaysia.
Under the plan, the port’s designed capacity is expected to reach nearly 17 million TEU by 2047. By 2050, it could develop about 13 berths, with the ability to receive ships weighing 250,000 tons or more when conditions permit. The main quay is about 7.5 kilometers in length.
The project is developed under a “green port – smart port” model, applying modern technology to reduce greenhouse gas emissions, optimize operations, save energy, and enhance governance. The consortium states this aligns with global shipping trends toward sustainable growth while balancing economic development with ecological preservation.
The port is located outside the core and buffer zones of the Can Gio Biosphere Reserve to ensure strict environmental protection.
The Can Gio super port is projected to contribute up to VND 40,000 billion to the state budget annually and create tens of thousands of jobs across construction, port operations, and related services.
When in operation, the port could contribute between VND 34,000 and 40,000 billion per year to the state budget and generate significant employment in construction, port operations, and related services.
The project also aims to form a logistics–industrial–financial services ecosystem in Southern Vietnam, supporting Ho Chi Minh City’s goal of becoming a regional financial and commercial hub.
MSC, headquartered in Geneva, Switzerland, is described as the world’s largest container shipping company, with a network connecting more than 500 ports in 155 countries and handling over 23 million TEUs annually. Through its subsidiary TIL, MSC participates in several international container ports, building a closed-loop logistics ecosystem from transport to port operations and downstream services.
At the April 29 investment decision ceremony, Saigon Port’s General Director Nguyễn Lê Chơn Tâm, representing the investor consortium, said the Can Gio Port sits on a strategic maritime corridor regionally and globally. He added that upon completion, the project will provide a breakthrough for the port system and elevate Vietnam’s position on the global logistics map.
He also emphasized that the consortium includes experienced and financially capable partners for large-scale port investment and operation, and that MSC’s involvement will bring financial resources to deepen Vietnam’s participation in the global logistics network and strengthen its role as an international transshipment hub in the region.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
