07:30 14/07/2025

Ministry of Construction backs Cai Mep Ha Port project

Tuấn Khang

The proposed investment is appropriate and adheres to the developmental roadmap laid out in the master plans for the period to 2030 and beyond.

Illustrative Photo.
Illustrative Photo.

The Ministry of Construction (MoC) has issued an Official Dispatch to the Ministry of Finance, requesting its opinion on the investment policy approval dossier for the Cai Mep Ha General and Container Port construction project.

Accordingly, the MoC affirmed that the project proposal—submitted by a consortium of investors including Geleximco Group, International Transport and Trading Joint Stock Company (ITC), and the State Capital Investment Corporation (SCIC)—is in line with both national and sectoral development strategies.

Specifically, the proposal aligns with the National Overall Master Plan for the 2021-2030 period, with a vision toward 2050, the master plan  for the Development of Vietnam’s Seaport System, and the detailed planning for the regional seaport cluster for the 2021–2030 period, with a vision toward 2050. This alignment encompasses the project’s investment objectives, the proposed vessel capacity, and the number and functionality of its berths.

The MoC also noted that the proposed phasing of investment is appropriate and adheres to the developmental roadmap laid out in the master plan for the period to 2030 and beyond.

According to the ministry, the project will not only help realize the goal of transforming the Ba Ria–Vung Tau seaport into an international gateway but also address persistent challenges stemming from previously fragmented and small-scale investments.

Currently, the Ba Ria–Vung Tau seaport area has seven container berths with a designed annual capacity of approximately 7.66 million TEUs (as of 2020). However, over the past three years, actual throughput has consistently exceeded this figure, averaging more than 8 million TEUs annually. In 2024 alone, throughput reached 10.98 million TEUs, with the majority handled by five berths within the Cai Mep terminal area.

Under the Master Plan for National Seaport System Development for the 2021–2030 period, with a vision to 2050, the Cai Mep–Thi Vai terminal area has been identified as a priority investment zone. The implementation roadmap for this master plan further emphasizes the need for the swift selection of an investor to advance development in the Cai Mep Ha area, consistent with approved planning.