Gov't approves investment policy for Can Gio Int'l Transshipment Port project
VGP – The Government has approved the investment policy of the Can Gio International Transhipment Port project.
Design of Can Gio International Transshipment Port
The port, covering an area of around 571 ha, will be built at the mouth of Cai Mep-Thi Vai river in Ho Chi Minh City's Can Gio district, with a total investment capital of at least VND50,000 billion.
Investors shall not be allowed to transfer the project within five years since the date of issuance of investment registration certificate.
Changes to investors after this period must comply with the provisions of Viet Nam's law and must be approved in writing by the Ho Chi Minh City Municipal People's Committee. Such changes must also be allowed by the Ministry of National Defense, the Ministry of Public Security and other relevant agencies in cases of issues related to national defense and security.
The volume of cargo through the port is forecast to reach 4.8 million TEU by 2030, and 16.9 million TEU by 2047.
The project will create about 6,000-8,000 jobs and contribute about VND34 - VND40 trillion (US$1.4 billion - US$1.6 billion) to State budget per year.
It will also create a driving force for the development of the regional infrastructure and favorable conditions for domestic maritime transport businesses to develop and contribute to the socio-economic development, promoting the establishment of an international financial center in Ho Chi Minh City - Viet Nam's largest economic engine./.
