New signal for Can Gio International Transit Port project worth over 113,000 billion VND

The Prime Minister has just approved the investment policy of the Can Gio International Transit Port Project, marking an important milestone in Vietnam's marine economic development strategy.

The Can Gio International Transit Port Project is being implemented at Go Con Cho Islet, Thanh An Commune, Can Gio District, Ho Chi Minh City, with a 7-phase implementation period within 20 years (until 2045).

Perspective of Can Gio international transit port in the future.

The port is designed to accommodate mother ships with a capacity of up to 250,000 DWT (equivalent to 24,000 TEU) and feeder ships from 10,000 to 65,000 DWT, with a total main wharf length of 7.2 km. The total land use area is 571 ha.

The expected capacity in the first year is 2.1 million tons, gradually increasing to 16.9 million TEU when operating at full capacity. The total investment is estimated at about 113,500 billion VND (equivalent to 4.8 billion USD).

With the establishment of Vietnam's first international transit port and the participation of the world's leading port operators, the project promises to turn the Southeast region into the number 1 international trade gateway in Southeast Asia, boosting the economy of the entire Southeast region. At the same time, it contributes to promoting the national maritime strategy, while affirming Vietnam's position and role in the international arena.

The project will position Vietnam on the maritime map as a giant international transit hub, helping to attract the world's major transport and logistics units.

Can Gio International Transit Port is an important link in the global supply chain, enhancing the city’s foreign relations position and making an important contribution to socio-economic development. The project will also effectively support import-export trade activities and reduce intermediary costs.

When put into operation, the project is expected to bring in budget revenue of 34,000 to 40,000 billion VND per year, creating jobs for more than 6,000 - 8,000 workers in operation and exploitation, and creating tens of thousands of workers during the project construction process and workers serving the logistics service industry, logistics centers and duty-free zones.

With its strategic location, Can Gio International Transit Port not only shortens the transportation process and significantly reduces logistics costs of domestic goods, but also opens up great opportunities for Vietnam to participate more deeply in the global supply chain.

Not only that, the port also helps Vietnamese goods reduce their dependence on transit through Singapore, creating direct international shipping routes from Vietnam and significantly increasing the competitiveness of domestic goods in the international market.

Can Gio international transit port will be a new symbol for the development of marine economic infrastructure, demonstrating Vietnam's strategic vision in the process of global economic integration.

The project not only affirms the country's position on the international maritime map but also strongly contributes to the country's common prosperity.

Can Gio International Transit Port is positioned as a special international transit port, with large scale and regional and international stature.
The project has been included in Resolution No. 24-NQ/TW dated October 7, 2022 of the Politburo on socio-economic development and ensuring national defense and security in the Southeast region to 2030, with a vision to 2045, Resolution No. 81/2023/QH15 dated January 9, 2023 of the National Assembly on the National Master Plan for the period 2021-2030, with a vision to 2050, Resolution No. 98/2023/QH15 dated June 24, 2023 of the National Assembly on piloting a number of specific mechanisms and policies for the development of Ho Chi Minh City, Decision No. 442/QD-TTg dated May 22, 2024 of the Prime Minister on approving the adjustment of the Master Plan for the development of Vietnam's seaport system for the period 2021-2030, with a vision to 2050. 2050.

Source: https://www.baogiaothong.vn/tin-hieu-moi-cho-du-an-cang-trung-chuyen-quoc-te-can-gio-hon-113000-ty-dong-192250116161453958.htm