A consortium of State Capital Investment Corporation (SCIC), Geleximco Group, and International Transportation and Trading (ITC) has announced plans to build a USD2 billion cargo port in Ba Ria, southern Vietnam. The project will be developed in two phases, with the first phase set to continue until 2030, focusing on constructing two docks for ships up to 250,000 dwt. Currently, the Ba Ria–Vung Tau seaport has seven berths with a designed capacity of 7.66 million TEU per year, but the average throughput has exceeded 8 million TEU annually.
The Ministry of Transport (MoT) supports Phase 1 as it aligns with Vietnam’s seaport plan regarding ship size and functionality. However, the ministry requires proof of financial capability from the investors to approve the project. This development will enhance the port’s capacity, address overcapacity issues, and boost regional economic growth by aligning with the country’s strategic plans to modernise its seaport infrastructure.
