Can Gio International Transshipment Port: A Key to Economic Growth

The Chairman of Ho Chi Minh City, Phan Van Mai, highlighted the Can Gio International Transshipment Port as a vital project expected to stimulate economic development not just for the city but for the entire nation.

Once fully operational, Can Gio Port will collaborate with the Cai Mep-Thi Vai Port to establish an international transshipment center.

This project will enhance Vietnam’s stature in global maritime logistics and effectively integrate the nation into the global supply chain.

The economic benefits are anticipated to reach beyond Ho Chi Minh City, positively impacting the surrounding areas and the country at large.

Following government sanction, the city is actively engaging with partners to identify suitable investors. Chairman Mai revealed plans to commence construction of the project’s first phase by September 2.

He is optimistic that this port will not only fortify Vietnam’s role in international trade but will also amplify import-export activities, create job opportunities, and contribute significantly to the national revenue.

A Sustainable and Innovative Port

In response to environmental challenges, city leaders are committed to developing Can Gio Port as a smart and eco-friendly facility that minimizes ecological disturbance.

The port’s location has been strategically chosen to ensure minimal disruption to the Can Gio Biosphere Reserve.

Moreover, the city plans to undertake reforestation efforts, planting 270 hectares of trees to compensate for the 90 hectares of forest that will be affected by the project.

Chairman Mai assured that strict monitoring of the project will be in place to ensure a reduced environmental impact, aiming for sustainable growth while maintaining ecological integrity.

The investment for the Can Gio International Transshipment Port was approved by the Prime Minister on January 16, with the facility set to provide container handling, logistics, and related services.

Spanning approximately 571 hectares, the project is estimated to require at least $2 billion in investment, which will be finalized based on investor submissions and feasibility analysis. It may also be eligible for special financial incentives contingent on government endorsement.

The Prime Minister stressed that development of the project will only advance if it complies with all necessary national and regional growth strategies. Approval is also required for converting forest land to commercial use, aligning with environmental laws. Investors are barred from transferring the project for five years starting from when they receive the investment certificate.

With its inception, the Can Gio International Transshipment Port is poised to emerge as a significant economic center, enhancing Vietnam’s impact on global maritime trade while fostering sustainable progress for Ho Chi Minh City and its broader region.

Ho Van