The Ho Chi Minh City People's Committee on January 30 issued a decision approving the investment policy and officially selecting investors for the Cai Mep Ha General and Container Port project, according to a report from Radio the Voice of Vietnam.
The project involves a consortium of three major investors: Geleximco Group JSC, International Transportation and Trading JSC (ITC), and the State Capital Investment Corporation (SCIC).
According to the decision, the project will cover a total land area of approximately 351.2 ha. Within this area, the container port will occupy 229.4 ha—which includes 121 ha of sea reclamation—and will feature a modern wharf system stretching nearly 7.5 km in total length.
The berths are designed to accommodate ultra-large container vessels of up to 250,000 DWT (equivalent to 24,000 TEUs), as well as 120,000 DWT container ships, feeder vessels, and a dedicated barge system for coastal and inland waterway transport.
Furthermore, the project includes synchronized investment in container yards, specialized warehouses (including cold storage, cool storage, and CFS warehouses), an irradiation center, and various auxiliary works and technical infrastructure to ensure seamless operations. The port’s total designed throughput capacity is expected to reach 10.8 million TEUs per year.
The project will be implemented in three phases, with operations expected to commence in Q4/2028, Q1/2035, and Q1/2045, respectively.
The total investment for the project is VND50.82 trillion ($1.97 billion). Of this amount, the investors' equity contribution is VND7.62 trillion (15%), while the remaining will be raised through mobilized capital. The project's operational term is set for 50 years, starting from the date the competent authorities issue decisions on land allocation, land lease, or permission for land-use conversion.
The Cai Mep Ha General and Container Port is designated as a gateway port and an international transshipment hub, serving cargo handling for long-haul international shipping routes. The project aligns with the national seaport development master plan and Vietnam’s marine economy development strategy toward 2030, with a vision to 2045.
Google translate