Ho Chi Minh City approves $1.9bn investment in Cai Mep Ha port complex

The city also approved three investors to carry out the project, including Geleximco Group Joint Stock Company, International Transportation and Trading Joint Stock Company (ITC Corp), and State Capital Investment Corporation (SCIC).

Of the total capital, investors’ equity will account for over VND7.6 trillion ($292.3 million), or 15 percent of the total, while the remainder, or 85 percent, will be mobilized from other sources.

The Cai Mep Ha general and container port is designed to function as a gateway port combined with an international transshipment hub.

It will serve the handling of import and export container cargo on long-haul maritime routes as well as international container transshipment, in line with approved planning, development orientations, and Vietnam’s strategy for sustainable marine economic growth.

The project is expected to make a significant contribution to socio-economic growth nationwide, particularly in the southern key economic region, by creating jobs, increasing revenue, and boosting contributions to the state budget.

The port will span a total land and water area of 351.2 hectares.

The container port area will cover 229.4 hectares, while the water area in front of the berths will span about 121.8 hectares.

The port will be capable of receiving container vessels with capacities of up to 250,000 DWT, and feature berths for large ships and barges serving coastal shipping and inland waterway transport.

In addition to cargo handling, the port will provide international transshipment services, waterway-road transport, maritime agent services, and container repair, among other logistics-related services.

Construction and operation of the project will be carried out in three phases, from the third quarter of 2025 to the first quarter of 2045.

The project will have an operational term of 50 years from the date competent authorities allocate or lease land, or approve changes in land-use purpose.

The investors are responsible for the legality and accuracy of project documentation, ensuring sufficient capital mobilization in line with committed schedules, and completing all procedures related to land, environment, construction, and planning, as well as fulfilling financial obligations in accordance with the law.

Relevant departments and agencies will guide and supervise the project’s implementation to ensure compliance with approved schedules, planning, and legal regulations, and will promptly report to the Ho Chi Minh City People’s Committee as necessary.