On the morning of April 29, Ho Chi Minh City held a groundbreaking ceremony for several large-scale and significant projects to commemorate the 51st anniversary of the Liberation of the South and National Reunification Day.

At Ben Nha Rong Wharf, Mr. Vo Van Minh, Chairman of the Ho Chi Minh City People’s Council, presented the investment approval decision for the Can Gio International Transshipment Port Project to the consortium of investors, including Vietnam Maritime Corporation (VIMC), Saigon Port Joint Stock Company, and Terminal Investment Limited Holding S.A. — a member of MSC Group.

The Can Gio International Transshipment Port Project has an estimated total investment of nearly VND 128,873 billion (approximately USD 4.99 billion). The project is planned on an area of approximately 571 hectares, with a total main berth length of around 7.5 kilometers.

The port’s designed capacity is expected to reach approximately 4.8 million TEUs by 2030 and increase to around 16.9 million TEUs by 2047. By 2050, the project is expected to develop approximately 13 berths capable of accommodating vessels of up to 250,000 tons or larger, subject to technical conditions.

The investors are expected to contribute approximately VND 5,786 billion in the period up to 2030 and continue contributing around VND 13,545 billion according to the project implementation schedule, with completion planned within 20 years from the date of land and water area handover. The project will have an operating term of 50 years and will benefit from investment incentives in accordance with current regulations.

Speaking at the ceremony on behalf of the investor consortium, Mr. Nguyen Le Chon Tam, General Director of Saigon Port Joint Stock Company, stated that receiving the investment approval decision for the Can Gio International Transshipment Port Project was a particularly meaningful milestone and the result of persistent efforts and long-awaited expectations.

According to Mr. Tam, the decision is not only a legal document but also represents a “historic mission and trust” entrusted by the Government and Ho Chi Minh City to maritime industry professionals, empowering enterprises to unlock Vietnam’s maritime potential and pursue international ambitions.

He emphasized that the Can Gio Port project possesses a strategic location along international shipping routes, with a designed capacity of nearly 17 million TEUs. This, he noted, would serve as a key gateway for deeper integration into the global supply chain ecosystem.

“We clearly recognize the role of state-owned enterprises in leading and creating national values,” Mr. Tam said, adding that the project combines the capabilities of Vietnam’s leading maritime enterprises with international expertise and global-scale experience. VIMC and Saigon Port are among Vietnam’s leading port operation and maritime transport companies.

Meanwhile, MSC Group is considered a particularly important strategic partner. As the world’s largest shipping line, MSC brings strong financial resources and an extensive global network that can help position Vietnam more prominently on the global maritime map.

“If Vietnam is compared to a ship heading toward the open sea, then Ho Chi Minh City is the country’s most dynamic economic engine. The Can Gio Port project will serve as a pioneering vessel, helping Vietnam advance further and more firmly on its international maritime journey,” Mr. Tam stated. He also affirmed the consortium’s commitment to mobilizing all available resources and manpower to implement the project with the highest level of determination, ensuring both quality and schedule commitments.