Ho Chi Minh City has approved a group of investors for the development of the $4.99 billion Can Gio international transshipment port, marking a major step forward in the country’s ambitions to become a regional maritime hub.
The proposed port, to be located in the Can Gio coastal area, is designed to handle large container vessels and serve as a key transshipment gateway for Southeast Asia. Once completed, it is expected to significantly enhance Vietnam’s capacity to capture cargo flows currently routed through established hubs such as Singapore and Malaysia.
Officials said the project will be developed in phases, with a focus on modern infrastructure, deep-water berths, and advanced cargo handling systems capable of accommodating next-generation container ships. The port is also expected to improve connectivity between Vietnam’s industrial zones and global shipping routes.
The investment is seen as a strategic move to strengthen the country’s logistics and supply chain capabilities, reduce dependency on foreign transshipment hubs, and attract greater volumes of international trade.
Industry analysts note that the Can Gio project could reshape regional shipping dynamics if successfully executed, offering competitive alternatives for carriers and potentially lowering logistics costs for exporters.
With investor approvals now in place, Ho Chi Minh City is expected to move into the next stages of planning and construction, positioning the Can Gio port as a cornerstone of Vietnam’s long-term maritime development strategy.
