Ho Chi Minh City proposes 'priority corridor' for strategic investors in Can Gio super port

Posted on: 04/06/2025

The Ho Chi Minh City People's Committee has just submitted to the Standing Committee of the Ho Chi Minh City Party Committee to report to the Standing Committee of the Ho Chi Minh City Party Committee on the continued implementation of the Can Gio International Transit Port Project. Notably, the city proposed establishing a 'priority corridor' consisting of three specific mechanisms to attract and retain strategic investors for this project with a total capital of more than 4.8 billion USD.

According to the content of the submission dated June 3, the Ho Chi Minh City People's Committee proposed to continue implementing the transit port project in Can Gio district, ensuring compliance with current legal regulations. The city will closely coordinate with central ministries and branches to complete investment documents and procedures in accordance with the process and legal regulations.

The highlight of this proposal is the recommendation for the Ho Chi Minh City Party Committee to orient a number of specific mechanisms to support Mediterranean Shipping Company (MSC), a strategic partner in the project investment consortium within the framework of Resolution No. 98/2023/QH15 of the National Assembly.

The three main groups of mechanisms proposed by Ho Chi Minh City include: Incentives on connecting infrastructure and logistics: Focus on investing in developing synchronous connecting traffic between ports and key economic areas, along with modern logistics and warehouse systems.

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Administrative procedure reform: Shorten investment preparation time, create a clear legal corridor for investors to deploy quickly and effectively.

Encourage supporting businesses: Apply preferential policies to form a logistics business ecosystem, serving transit and port exploitation activities.

At the same time, the Ho Chi Minh City People's Committee will also direct departments and branches to review, update and synchronize related planning, including marine spatial planning, land use, traffic and environment to create a solid legal basis for land allocation, water surface allocation and investment licensing.

The Can Gio International Transit Port Project was proposed by a joint venture between Saigon Port Corporation and Terminal Investment Limited Holding SA (under MSC), with a total estimated capital of over VND113,500 billion, equivalent to USD4.8 billion. The project is divided into 7 phases, lasting 22 years.

The first phase is expected to put into operation 2 to 4 wharf areas before 2030; the next phases will be completed by 2045, according to the planning approved by the competent authority.

According to the Ho Chi Minh City People's Committee, Can Gio International Transit Port is one of the key, strategic projects in the national marine economic development orientation. The project not only contributes to enhancing the position of Ho Chi Minh City as an international logistics and trade center but also is a boost for Vietnam to become a strategic regional and global freight transit point.

With the interest of world- class investors in the field of maritime transport, especially MSC - the world's largest shipping line, the project promises to create a modern seaport ecosystem, capable of competing directly with regional transit hubs such as Singapore and Hong Kong.