Us$2 billion port planned for Ba Ria, southern Vietnam

It is to be developed by a consortium consisting of Vietnamese State Capital Investment Corporation (SCIC), Hanoi-based Geleximco Group, and Ho Chi Minh City-based International Transportation and Trading (ITC).

According to the Ministry of Transport in Vietnam, the new port will be developed in two phases, with the first component due for completion in 2030 and offering two dock areas to accommodate ships up to 250,000dwt.

The existing Ba Ria-Vun port facilities comprise seven berths with a total container handling capacity of almost 7.7 million TEU per annum. However, with an average of 8.0 million TEU handled across facilities in recent years, there are ongoing congestion issues impacting performance and limiting future growth potential. Hence the requirement for major new capacity to meet demand over the longer term.

The Ministry believes that Phase 1 of the project is consistent with the country’s overall aims for its marine facilities relating to keeping pace with future demand and ship sizes.