Can Gio transshipment port joins Vietnam’s seaport development plan with $1.95B investment

The Can Gio international transshipment port project in Ho Chi Minh City is now part of Vietnam's seaport development plan.

The Ministry of Transport has updated policies, solutions, and resource allocations for the national seaport system master plan for 2021-2030, with a vision extending to 2050.

The project is included in initiatives aimed at attracting private investment. Detailed plans specify funding needs for seaport groups, terminals, mooring areas, and infrastructure development. The Prime Minister has approved the investment policy, requiring a minimum investment of VND50 trillion ($1.95 billion) and a 50-year service life. Investors are restricted from transferring the project within five years of receiving the investment registration certificate. Transfers beyond this period must comply with legal regulations and receive approval from the Ho Chi Minh City People's Committee.

Approvals from the Ministry of National Defence, the Ministry of Public Security, and relevant authorities are mandatory if national security or defense issues arise.

Source: The Investor

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