Industrial giant Thaco eyes $1.9 bln port project in southern Vietnam
“It is located at Tan Phuoc ward, HCMC (formerly Phu My township in Ba Ria-Vung Tau province). Ba Ria-Vung Tau, Binh Duong and HCMC were recently merged to form the new HCMC [Ho Chi Minh City].”
“Under one proposal from the Geleximco-led group, the development would span 351 hectares of land with 17 terminals totaling nearly 5.9 km in length, capable of handling 10.8 million TEUs annually.”
“The Cai Mep-Thi Vai complex currently hosts seven container terminals with a combined design capacity of 7.66 million TEUs per year. However, throughput has consistently outpaced that figure, averaging more than eight million TEUs annually in recent years and reaching a record 10.98 million TEUs in 2024, mostly from Cai Mep terminals.”
“According to the Ministry of Industry and Trade (MoIT), Vietnam’s logistics industry has grown at around 14-16% annually in recent years, with the market size in 2024 estimated to have exceeded $45 billion.”