Tie-ups highlight logistics promise

Local and foreign companies are stepping up investments in Vietnam’s logistics and supply chain sector through new partnerships.

- By Thanh Van

In April, Ho Chi Minh City People’s Committee entrusted progress of the Can Gio International Transshipment Port to the consortium of Saigon Port and Terminal Investment Limited Holdings, a unit under Mediterranean Shipping Company (MSC), the world’s top container shipping line.

The initiative aims to turn Can Gio into the most effective bridge for world goods to reach Vietnam and vice versa, thereby improving national competitiveness. In the long term, the project not only creates new growth momentum, but also contributes to repositioning Ho Chi Minh City’s role as a key marine economic and logistics centre of Southeast Asia.

Nguyen Le Chon Tam, general director of Saigon Port, said, “The project is located in a strategic geographical location on the international maritime route with a total designed capacity of up to 16.9 million TEUs. This is the key for Vietnam to participate more deeply in the logistics ecosystem and global supply chain.”

Also last month, Maersk’s APM Terminals and Vietnam’s Hateco Group signed an agreement with Danang city to develop and operate the Lien Chieu Container Port in Danang. The agreement includes an estimated investment of over $1.7 billion to deliver a terminal estimated to handle more than 5.7 million TEUs per year.