An artist’s impression of the Can Gio International Transshipment Port – PHOTO: VNA

HCMC – HCMC has proposed special mechanisms to advance the Can Gio International Transshipment Port project.

The People’s Committee of HCMC reported its recommendations to the city’s Party Committee. The proposed mechanisms include infrastructure incentives, simplified procedures, and policies to draw in logistics support businesses.

The report, presented on June 3, advocates for the project’s continued implementation and seeks to collaborate with ministries to finalize investment procedures, reported the Vietnam News Agency. The city specifically highlighted the need for mechanisms to secure strategic investors like MSC Group.

The incentives cover transport infrastructure, logistics, and warehousing. They also aim to streamline administrative processes and reduce investment preparation time.

HCMC departments will update relevant plans, including those for marine space, land use, and the environment. This will provide a legal basis for land allocation and investment licensing.

The prime minister approved the project’s investment policy under Decision 148/QD-TTg. The port will span 571 hectares with an investment of at least VND50 trillion. Its operational period is set for 50 years.

The project was proposed by a joint venture between Saigon Port Joint Stock Company and Terminal Investment Limited Holding S.A., part of MSC Group. The port is designed to handle vessels up to 250,000 tons (24,000 TEU) and targets an annual capacity of around 16.9 million TEU by 2045.

The project has been integrated into national development plans, including the national master plan and the Vietnam seaport system master plan. HCMC views the Can Gio port as central to its maritime economic development strategy.

Gia Nghi

(https://english.thesaigontimes.vn/)