Can Gio Mega-Port Officially Approved with $4.8 Billion Investment
Ho Chi Minh City officially approves the Can Gio international transshipment mega-port project with total investment of VND 113,531 billion, marking a milestone in national port development strategy.
In April 2026, the Ho Chi Minh City People's Committee officially granted investment approval to the consortium of Saigon Port JSC and Terminal Investment Limited (an MSC subsidiary) for the Can Gio international transshipment mega-port, with total investment reaching VND 113,531 billion (approximately $4.8 billion USD).
The project is built upon the legal framework established by Resolution 260, passed by the National Assembly in December 2025, creating the necessary legal corridor for international transshipment port development in the southern region.
Upon completion, the Can Gio mega-port will position Vietnam as a major international maritime transshipment hub in the region, capable of handling container vessels up to 250,000 DWT, directly competing with major transshipment ports in Singapore and Malaysia.
The project is expected to be implemented in multiple phases, with Phase 1 completing by 2030 with a handling capacity of 4-6 million TEU annually. At full operation, the port can reach 15-17 million TEU/year, creating thousands of jobs and contributing significantly to national GDP.
