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$2B ‘super port’ proposed on Vietnam’s southern coast

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A consortium consisting of the State Capital Investment Corporation (SCIC), Hanoi-based Geleximco Group, and Ho Chi Minh City-based International Transportation and Trading JSC (ITC) said that it wants to upgrade Cai Mep Ha port in Phu My Town, the Ministry of Transport said last week.

The project’s first phase will be carried out from now until 2030, involving investing in two docks to accommodate ships up to 250,000 DWT.

In a document sent to the government last week, the ministry assessed that the consortium’s proposal for phase 1 aligns with Vietnam’s overall master plan and detailed planning for seaports in terms of ship size and functionality.

Given the large investment of the project, the ministry said the investor needs to demonstrate its financial capacity and the ability to arrange capital as a basis for obtaining approval for the investment project according to regulations.

Currently, the Ba Ria – Vung Tau seaport has seven berths designed with a container handling capacity of up to 7.66 million TEUs per year.

However, the average container throughput over the past three years at those ports has exceeded 8 million TEUs per year, thus surpassing the designed capacity of the container berths.

Under an approved master plan for developing Vietnam’s seaport system for this decade, with a vision to 2050, Cai Mep Ha is identified by the government as one of the priority seaport areas. Source: Vnexpress

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