VIMC commits VND 7,000B (36% stake) to the VND 129,000B ($5.16B) Can Gio International Transshipment Port project, partnering with Terminal Investment Limited (MSC) and Saigon Port JSC. The port aims to compete directly with Singapore, with VIMC planning a three-phase capital increase to VND 30,000B by 2030 to fund this and other major projects.
VIMC approved a plan to form a joint venture for a VND 128.9 trillion international transshipment port in Can Gio, with VIMC contributing 36% (VND 6,959 billion) of the capital. The project, developed with MSC's Terminal Investment Limited (49% stake), targets a capacity of 16.9 million TEU by 2047 and is positioned to compete directly with Singapore's ports.
VIMC will contribute 36% (6,959B VND) to a 128,872B VND joint venture with Terminal Investment Limited (TiL) of MSC Group to build a deep-sea international transshipment port in Can Gio, Ho Chi Minh City. The project aims to compete directly with Singapore ports, with a designed capacity reaching 16.9 million TEU by 2047, positioning VIMC for long-term infrastructure growth amid Vietnam's rising maritime cargo volumes.
VIMC, in a consortium with Saigon Port JSC and MSC's Terminal Investment Limited, secured approval from Ho Chi Minh City People's Committee to develop the $5 billion Can Gio International Transshipment Port. The project, targeting a late-April groundbreaking, aims to handle 250,000 DWT vessels and generate VND 34,000-40,000B in annual revenue, positioning Vietnam as a key global logistics hub.
VIMC, Saigon Port, and Terminal Investment Limited Holding S.A (a unit of MSC, the world's largest container line) have been approved as the investor consortium for the $4.99 billion Can Gio International Transshipment Port project, with the foreign partner holding a 49% stake. The project, with a planned capacity of 21 million TEU/year, is a critical logistics node for Southern Vietnam and requires a 10-year lock-in period for investors.