On the morning of September 20, Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc led a working delegation to conduct a field survey at the Cai Mep - Thi Vai seaport system and Long Son Petrochemical Plant (LSP) in Long Son commune, Ho Chi Minh City.
In his report to the survey team, Mr. Pham Anh Tuan, General Director of Port and Marine Engineering Design Consulting Joint Stock Company (Portcoast), presented the development orientation of the new Ho Chi Minh City seaport. According to the plan, the Saigon River area will form an international passenger port of 30,000 GT, with a capacity of about 1,200 passengers, suitable for the clearance of Phu My bridge, combined with marina areas. At Mui Den Do, an international passenger port of 60,000 GT (1,600 - 2,200 passengers) will be built, while super passenger ships of 6,000 - 8,000 passengers are expected to dock in the area of Bai Truoc, Vung Tau.
After the merger, the new Ho Chi Minh City seaport is expected to be in the Top 10 largest container ports in the world . In Cai Mep area alone, 328 million tons of goods were handled in 2024, accounting for 38% of the total volume of goods in the country. Of which, container output reached 21.2 million TEU, equivalent to 71% of the total container volume through Vietnam's seaports.
One of the important highlights is Gemalink Port. Phase 1 of the port is 800m long, capable of receiving container ships with a capacity of 250,000 DWT/24,000 TEU - one of the world's leading large ports. The port has a strong growth in output and is preparing to start phase 2, while connecting directly with SSIT wharf. In parallel, Cai Mep Ha (CMH) and CMH downstream wharf are designed in a comb shape with a wharf line of nearly 19km, with a potential capacity of up to 40 million TEU - double the current output of port group No. 4. The entire route from CMIT to CMH downstream will become the leading international gateway and transit port cluster in Vietnam and the region.
Next, the delegation visited LSP - a strategic FDI project of SCG Chemicals (Thailand) with a total investment capital of more than 5 billion USD, accounting for more than 1/3 of Thailand's total FDI capital in Vietnam. After 9 months of technical suspension, LSP has officially restarted the entire operation of the first integrated petrochemical complex in Vietnam. The resumption of operation took place in the context of falling crude oil prices, helping to improve profit margins and demonstrate the enterprise's initiative in maintaining the supply chain and engaging customers.
The 464-hectare complex in Long Son includes an olefins plant with a capacity of 1.35 million tonnes per year, three polyolefin plants with a total capacity of 1.4 million tonnes per year, along with a tank system, a dedicated port and related utilities. LSP's main products are PE resins (HDPE, LLDPE) and PP, serving the domestic and export markets, contributing to reducing polyolefin imports and supporting the downstream industry.
In addition to the restart, LSP is implementing the $500 million LSPE Project, which is expected to be completed by 2027. The project aims to integrate ethane into the existing feedstock portfolio, reducing operating costs by more than 30%, cutting greenhouse gas emissions and improving long-term competitiveness. Items include importing 1 million tons of ethane per year from the United States, exploiting it with five dedicated 50,000-ton VLECs, building two 55,000-ton ultra-cold ethane tanks and upgrading the plant to be able to use up to 70% of ethane in the input feedstock.
Mr. Kulachet Dharachandra, General Director of LSP, said that diversifying raw materials with ethane gas is a strategic step for sustainable development. The LSPE project not only helps businesses optimize costs but also creates more than 1,000 jobs during the construction phase, while contributing to strengthening the Vietnam-US trade relationship.
Speaking at the survey, comrade Nguyen Van Duoc expressed his joy when the factory resumed operation. He said that this is not only good news for the enterprise but also a positive signal for Ho Chi Minh City and the whole country. With an investment of 150 million USD in the re-operation phase, the project not only promotes socio -economic development but also creates jobs for about 1,000 workers, including more than 300 local workers.
Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc affirmed that Ho Chi Minh City always listens to and accompanies businesses, ready to remove difficulties to create the most favorable conditions for production and business activities. He expects LSP to continue to maintain operational efficiency, expand investment, thereby affirming its position in the petrochemical industry in a green, sustainable and environmentally friendly direction.
Previously, the delegation also surveyed Gemalink Port - a deep-water port of Gemadept Group. This is the only port in Cai Mep area capable of receiving container ships up to 250,000 DWT, among 19 ports in the world that meet this standard. With an investment capital of nearly 400 million USD, phase 1 of Gemalink includes 800m of wharf and 32ha of yard. After 4 years of operation, the port has reached an output of 6 million TEU; in 2024 alone, it will receive 525 ships with 1.75 million TEU, in 2025 it is expected to reach nearly 2 million TEU.
According to the new plan, Gemalink will be extended by 390m of wharf, connecting with SSIT and CMH, creating a continuous wharf line of 3.5km by 2030. The entire area from CMIT to CMH can reach a total wharf length of 22km, exceeding the scale of Singapore port, opening up a superior competitive advantage in receiving super-large ships and exploiting international goods.
Gemalink is currently considered a bright spot in mobilizing private capital to develop seaport infrastructure. Notably, CMA-CGM has committed to choosing Gemalink as a transit port in Asia, moving more than 2 million TEUs from Malaysia and Singapore to Cai Mep. At the same time, many major shipping lines such as MSC, ONE, COSCO, OOCL, Evergreen have opened direct routes from Gemalink to the US, Europe and Africa.
With natural advantages, stable source of goods and synchronous planning, Gemalink recommends that the Ho Chi Minh City People's Committee soon approve the investment policy of the CMH general port project. This proposal is consistent with Resolution 24 of the Politburo , Resolution 154 of the Government and the planning of Vietnam's seaport development, aiming to turn Cai Mep - Thi Vai into a leading international transit center in the region.
"HCMC is oriented to become a financial and service center; Binh Duong develops high-tech industry; Ba Ria - Vung Tau is a maritime economic zone, focusing on seaports and petrochemical refineries. In this general strategy, Cai Mep - Thi Vai port cluster and Long Son Petrochemical Plant play a particularly important role, being the growth engine of the entire Southeast region," emphasized Chairman of the HCMC People's Committee Nguyen Van Duoc.
Source: https://www.sggp.org.vn/cang-bien-tphcm-ky-vong-lot-vao-top-10-cang-container-lon-nhat-the-gioi-post813892.html
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