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VIMC seeks approval for int'l container terminal project in HCM City's Can Gio district

The Vietnam Maritime Corporation (VIMC) has proposed the Prime Minister, the Ministry of Transport, the Committee for Management of State Capital at Enterprises and the Ho Chi Minh City People’s Committee support its subsidiary Saigon Port JSC's plan to join hands with the Mediterranean Shipping Company to build and operate an international container terminal in Can Gio district.
VIMC seeks approval for int'l container terminal project in HCM City's Can Gio district ảnh 1Illustrative image. (Photo: VNA)

Hanoi (VNA) – The Vietnam Maritime Corporation (VIMC)has proposed the Prime Minister, the Ministry of Transport, the Committee for Management of State Capital at Enterprises and the HoChi Minh City People’s Committee support its subsidiary Saigon Port JSC's plan to join hands with the Mediterranean Shipping Company to build and operate an international container terminal in Can Gio district.

To take advantage of cooperative opportunities and attract the world’sleading investors, VIMC suggested the competent authorities allow the application of contractorappointment to select the investor in line with the Law on Bidding or select the investor in special cases as prescribed in Article 26 of the law, it said in a documentwhich was sent to the PM and above-mentioned agencies.

The corporation also proposed that the municipal People’s Committee shouldbe authorised to propose the method of investor selection in special casesand submit them to the Prime Minister.

According to VIMC, container transshipment and seaport service has long becomean international competitive strategy in coastal countries.

In East Asia, the developmentof international transit services has been successfully implemented in a numberof countries and territories, including Singapore, Malaysia, Thailand, China, andTaiwan (China), the Republic of Korea and Japan. In 2020 alone, Singapore's seaports handled about 36.87 million TEUs, of which, 85percent are transit goods.

Statistics of the Vietnam Maritime Administration showed that the volume of containers transited through thecountry’s seaports reached about 23.9 million TEUs last year, mainly at the seaports of HCM City, Vung Tau and HaiPhong cities, focusing on handling import-export of domestic goods. Theproportion of international transshipment is still quite low.

According to VIMC, Can Gio districtis located at the beginning of the Cai Mep - Thi Vai navigational route with a great depth and in an area that is close to international maritime routes.This is an important condition for forming a port system and developing internationalcontainer transshipment services.

The establishment of a large-scale logistics service centre isexpected to bring positive effects and facilitate the development ofcommercial, financial, and maritime services, it said, adding that it is an effectivesolution to successfully realise the goal of turning logistics into a spearhead sector of HCM City, maintaining its role as the logistics centre of the region.

In the past time, VIMC has cooperated with the Mediterranean ShippingCompany (MSC), the second-largest container shipping company in the world, in developing and exploiting seaport infrastructure in Vietnam.

MSC is operating afleet of some 625 vessels and boasti𒆙ng 60 seaports around the world. It can handle more than 30 million TEUs per year via its subsidiary company Terminal I༺nvestment Limited - TIL.

VIMC said Saigon Port JSC and MSC are accelerating the research todevelop a container terminal port in Can Gio area which is capable of receiving ships of up to 250,000 DWT. The project has a design capacity of 15 million TEUs witha total investment of more than 850 million USD./.
VNA

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