Can Gio International Transit Port made an important step forward when on January 16, 2025, Deputy Prime Minister Tran Hong Ha signed Decision 148/2025 approving the investment policy of this project in Thanh An commune, Can Gio district, Ho Chi Minh City.
Big investment, high expectations
The goal of this project with an investment capital of no less than VND50,000 billion is to build a port on 570 hectares including services related to container port exploitation, seaports and other services.
For Ho Chi Minh City, the port will create a driving force to promote the synchronous development of infrastructure, create conditions for domestic shipping enterprises to develop as well as attract large transportation, logistics, trade, finance, banking and insurance companies in the world to set up business headquarters in the area. For the country, the port contributes to affirming the position and role of Vietnam, positioning the country on the maritime map as an international transit center of the region.
Can Gio international transit port located in Thanh An commune, Can Gio district, Ho Chi Minh City promises to make great contributions to the socio-economy. Photo: HOANG TRIEU
Many experts and researchers agree that Can Gio international transit port plays a very important role in the economic development strategy of the city in particular, of the Southeast region and the whole country in general. Dr. Tran Du Lich - member of the National Monetary and Financial Policy Advisory Council, Chairman of the Advisory Council for the implementation of Resolution 98/2023 of the National Assembly - has repeatedly given comments on the project to build a "super" Can Gio port. He emphasized that it needs to be done immediately, especially in the context that Ho Chi Minh City has special mechanisms and policies from Resolution 98, because if the opportunity passes, it will not be easy to find again.
Sharing the opinion that the project should be implemented early and quickly, Dr. of Science and Architect Ngo Viet Nam Son said that in order to exploit it effectively, the port should be viewed in relation to the Ho Chi Minh City urban area. That is, within the general development strategy of the Can Gio - Thi Vai - Cai Mep port system. "From the perspective of economic efficiency, looking at it in relation to the urban area will be more effective than if provinces and cities compete with each other" - Dr. of Science and Architect Ngo Viet Nam Son expressed his opinion.
Breakthrough factor
Along with the "super" Can Gio port, Ho Chi Minh City also has another valuable project that is believed to be the leading economic flag. On November 15, 2024, the Politburo issued Conclusion 47 on building a regional and international Financial Center (FIC) in Vietnam. Accordingly, it agreed to the policy of establishing a comprehensive international financial center in Ho Chi Minh City and a regional financial center in Da Nang.
On January 4, 2025, in Ho Chi Minh City, the Government announced the Resolution to issue the Action Plan to implement Conclusion 47. The conference marked an important step in implementing the country's development strategy; creating a new impetus and driving force to promote development not only for Ho Chi Minh City but also for the whole country, contributing significantly to the successful implementation of the Resolution of the 13th National Party Congress, creating a foundation for the country to enter a new era - an era of national prosperity and prosperity.
The Government has assigned 49 groups of tasks and specific solutions to 12 ministries, branches and localities to take the lead in implementing, associated with output products to form a legal framework and prepare the fundamental conditions for the development of financial markets in Vietnam.
The Ho Chi Minh City International Financial Center aims to position the city as one of the leading financial centers. With a focus on developing financial technology (fintech) and attracting international investment capital, Ho Chi Minh City will gradually approach many major financial cities in the world. Associate Professor, Dr. Tran Hoang Ngan, Assistant to the Secretary of the Ho Chi Minh City Party Committee, said that the city aims for double-digit growth in 2025. If 8% is from traditional drivers, the remaining 2% is from operating and exploiting new projects that are being formed. These are the Ho Chi Minh City International Financial Center, Can Gio International Transit Port and a series of other projects.
Meanwhile, Dr. Tran Du Lich affirmed that along with Can Gio international transit port, the international trade center is a breakthrough factor in domestic and international economic exchange.
Realizing the mission
Currently, Ho Chi Minh City is actively implementing tasks to accelerate the process of realizing the Can Gio international transit port and the international financial center. Regarding the port project, Chief of Office of Ho Chi Minh City People's Committee Dang Quoc Toan said that the city will carry out procedures to select investors and start construction.
According to the assessment of the Ho Chi Minh City People's Committee, this is a very strategic project. This project, together with Cai Mep - Thi Vai, will form an international transit port cluster. Thereby affirming Vietnam's position on international transit port maps; participating in the global transit supply chain and certainly having a great impact on the socio-economic situation not only of Ho Chi Minh City but also of Vietnam and the region.
As soon as the Government approved the investment policy, the city urgently coordinated with relevant parties to implement the next steps, striving to start the project on September 2, 2025, opening a new page in terms of positive contributions to import and export, the budget, job creation...
Regarding the international financial market, the Ho Chi Minh City People's Committee is urgently working with Da Nang and ministries and branches to complete the dossier to submit to the National Assembly for approval of a resolution, including mechanisms and policies to attract investors and participants.
Recognized as a huge financial resource for the development investment needs of Ho Chi Minh City, the International Financial Center plays a key role in mobilizing development investment capital. To optimize the value brought by the center, Ho Chi Minh City also plans to invest in infrastructure, connecting traffic, energy, information technology and other necessary infrastructure. The city also has a specialized plan to train human resources for the center (directly operating and serving human resources) as well as all international dispute resolution mechanisms of the Financial Center.
Ho Chi Minh City has set many strategic goals to promote economic growth, improve the quality of life and affirm its position in the international arena. Despite many challenges, experts believe that with a strong vision and determination and the support of the Central Government, the city can fulfill its mission of becoming the leading financial and logistics center in the region, contributing to making Vietnam's mark on the world economic map.
(To be continued)
(*) See Lao Dong Newspaper from issue dated February 17
"As an important lever for development, the advantages from Can Gio international transit port are believed to contribute to promoting the International Financial Center in Ho Chi Minh City.
Building trust, future and prosperity
Speaking at the conference announcing the Government's Resolution promulgating the Action Plan to implement the Politburo's Conclusion on building regional and international financial centers in Vietnam on January 4, Politburo member and Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen shared many hopeful comments.
One of the many obvious benefits of the formation of the Ho Chi Minh City International Financial Center is to "pull" the international community closer to Vietnam.
He affirmed that the establishment of the International Financial Center in Ho Chi Minh City is a clear demonstration of the strategic vision of the Central Government, the strong commitment and determination of the Party Committee and the Government, together with the consensus of the people and the city's business community in building a transparent, effective and sustainable financial ecosystem.
The international financial market, in addition to its role as a driving force for economic development, also affirms Vietnam's position on the regional and global financial map. "Ho Chi Minh City is not only committed to building an international financial market but also building trust, future and prosperity," emphasized Ho Chi Minh City Party Secretary Nguyen Van Nen.
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