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Port Construction In Vietnam - Cai Mep Ha port in Ba Ria Vung Tau Province has been proposed with a cost of VND50.82 trillion

(Port Construction In Vietnam) The consortium, comprising the State Capital Investment Corporation (SCIC), Hanoi-based Geleximco Group, and Ho Chi Minh City-based International Transportation and Trading JSC (ITC), has proposed a significant port construction project in Ba Ria – Vung Tau Province, southern Vietnam. The project, spanning 350 hectares and estimated to cost VND50.82 trillion (US$2 billion), aims to upgrade Cai Mep Ha port in Phu My Town, as announced by the Ministry of Transport last week.

The initial phase of this Vietnam port construction project is slated to commence immediately and extend until 2030. This phase will entail substantial investments in two docks designed to accommodate vessels of up to 250,000 DWT. In a recent submission to the government, the ministry appraised the consortium's proposal for phase 1 as being in complete alignment with Vietnam's comprehensive master plan and detailed seaport planning, considering both ship size and operational functionality.
Given the substantial investment required for this port construction project, the ministry has stipulated that the investor must conclusively demonstrate its financial capacity and adeptness in capital arrangement. This serves as a fundamental prerequisite for securing approval for the investment project in accordance with established regulations. Presently, the Ba Ria - Vung Tau seaport boasts seven berths strategically designed to accommodate a container handling capacity of up to 7.66 million TEUs per year.

While the designed container berth capacity at the Ba Ria - Vung Tau seaport is 7.66 million TEUs per year, the average annual container throughput over the past three years has consistently exceeded 8 million TEUs. This indicates a significant demand that surpasses the current capacity of the port's container berths. Recognizing this, the government, under its approved master plan for developing Vietnam's seaport system for the current decade with a vision towards 2050, has identified Cai Mep Ha as one of the priority seaport areas for expansion and enhancement. (Port Construction In Vietnam).