Ho Chi Minh City approves investor consortium for Can Gio International Transshipment Port project with total investment near VND 129 trillion

Ho Chi Minh City People’s Committee has issued a decision approving the investor consortium to implement the Can Gio International Transshipment Port project. The consortium includes Vietnam National Shipping Lines (VIMC), Saigon Port Joint Stock Company, and Terminal Investment Limited Holding S.A (TiL).

Investor structure and capital contribution

TiL holds 49% of the project’s equity, equivalent to over VND 9,472 billion. VIMC contributes about VND 6,959 billion (36%), while Saigon Port contributes nearly VND 2,900 billion (15%). Total equity contributed by the investors is about VND 19,331 billion, representing 15% of the total investment; the remaining portion is expected to be mobilized from other sources.

TiL is a member of MSC, the world’s largest container shipping line, which currently operates over 23 million TEU per year and is connected to more than 500 ports. In Vietnam, the company operates in Hai Phong, Da Nang and Cai Mep - Thi Vai.

Project scope and capacity targets

The project covers about 571 hectares, with a main port wharf length of 7.5 km. The designed capacity is set to reach 4.8 million TEU by 2030, increasing to 16.9 million TEU by 2047.

In the initial phase, the port will have 2–4 berths and can receive ships up to 250,000 tons. Over the long term, the port can be expanded to 13 berths. By 2050, the project could develop around 13 berths, with the ability to receive ships up to 250,000 tons or larger when conditions permit.

Implementation timeline and operating term

The entire project is expected to be completed within 20 years from the time the site is handed over. Phase 1, by 2030, will complete at least 2 berths. The project’s operating tenure is 50 years.

Key binding conditions in the investor approval

The investor-approval decision includes strict binding conditions. The consortium may not transfer the project during the first 10 years and must disburse at least VND 50,000 billion during this period. If the investors fail to meet capital, schedule, or other conditions, they may not be eligible for incentives under the Parliament’s special policy.

The project is also required to meet stringent environmental requirements, particularly due to its proximity to the Can Gio Mangrove Reserve. It must additionally comply with standards on defense, security, and green port and smart port technology.

Policy background and local infrastructure context

Earlier, the Can Gio International Transshipment Port project was approved in principle by the Prime Minister in 2025. Finalizing the investor is the basis for Ho Chi Minh City to hold a launching ceremony and announce the strategic partner for the project on April 30.

The Can Gio area is also being planned with multiple large infrastructure projects, including a coastal urban area of nearly 2,870 hectares, the Ben Thanh - Can Gio metro line, the Can Gio Bridge, and regional connectivity routes to complete the transport network.