Vietnam's maritime infrastructure is about to take a giant leap forward. Ho Chi Minh City has officially approved a powerhouse consortium-including Vietnam Maritime Corporation (VIMC), Saigon Port, and MSC's terminal arm Terminal Investment Limited (TiL)-to develop the Can Gio International Transshipment Port. With a price tag of nearly US$5 billion, this isn't just another port project. It's a game-changer for Vietnam's logistics sector.
A Deep-Water Hub Built for the Big Ships
Spanning roughly 571 hectares in Ho Chi Minh City, the Can Gio port is designed to handle the largest container vessels in operation today, with a planned quay length of 7.5 kilometers. The consortium ownership structure gives TiL 49%, VIMC 36%, and Saigon Port 15%. By 2030, the port is expected to handle 4.8 million TEUs annually, scaling up to 16.9 million TEUs by 2047. Full build-out is expected within 20 years, with a 50-year operating term.
Authorities have imposed some serious commitments to ensure the project moves fast: investors are barred from transferring the project for 10 years and must pump in at least $2 billion within the first decade.
Competing Head-to-Head with Singapore
VIMC's leadership has made its ambition crystal clear. "Currently, Vietnam does not have an international transit hub. With Can Gio, we aim to compete directly with leading hubs like Singapore, not just within the region," said VIMC CEO Le Anh Son. And it's not just about scale. Son emphasized that safety, operational efficiency, reasonable costs, and green standards will be the real battleground. Can Gio is being developed as a modern, environmentally friendly port that meets stringent international standards-exactly what global shipping lines are demanding these days.
The Ripple Effect on Vietnam's Supply Chain
For freight forwarders, logistics providers, and businesses shipping in and out of Vietnam, the implications are huge. This port will drastically cut transit times and transshipment costs for cargo moving across Indochina, directly challenging established hubs like Singapore and Malaysia. It's not just about big ships docking at a new terminal-it's about creating a more efficient, cost-effective supply chain for the entire region.
At full capacity, Can Gio is projected to generate annual revenues of VND 34–40 trillion (roughly US$1.3–1.6 billion) and create between 6,000 and 8,000 direct jobs, plus tens of thousands of indirect positions. That's a massive economic boost for Southern Vietnam.
How XMAE Logistics Helps You Stay Ahead
At XMAE Logistics, we don't just track these developments-we help our clients turn them into tangible advantages. With deep expertise in freight forwarding, cross-border trucking, air and sea freight, and customs clearance, we are perfectly positioned to help you navigate Vietnam's rapidly evolving logistics landscape. Whether you're importing raw materials from China, shipping finished goods to the U.S. or Europe, or exploring new supply chain routes, we offer tailored solutions that save you time and money.
Our multilingual team speaks your language-both literally and figuratively. We handle the complex paperwork, coordinate with major carriers, and provide real-time shipment tracking so you can focus on growing your business. As Vietnam's port infrastructure expands, we'll be right there with you, connecting you to the opportunities that matter most.
Need a reliable logistics partner for your Vietnam shipping needs? [Contact XMAE Logistics today] for a free consultation and a competitive quote.
