A government team, after inspecting Ba Ria-Vung Tau, Dong Nai and Ho Chi Minh City ports, reported a mix of confusing trends with the HCM City’s ports recording a 25-30 per cent per year growth rate, far higher than the other inspected provinces.
The trend is putting pressure on the city’s ports system, as Hiep Phuoc and Thi Vai-Cai Mep ports which have been selected to take the pressure off the southern city’s ports, have reported sluggish growth and a lack of facilities.
The Prime Minister has approved four Saigon Port investment projects:
- Cai Mep International Port, a joint venture between Saigon Port and Denmark’s Maersk A/S with an investment capital of $187 million,
- Saigon-SSA International Port, a joint venture with Stevedoring Services America (US) with $160 million in capital,
- Thi Vai General Port, a joint venture with the Port of Singapore Authority (PSA) with a capital of $299 million in Ba Ria-Vung Tau, and
- Hiep Phuoc Port with an investment capital of VND2,300 billion ($143.7 million) on the outskirts of Ho Chi Minh City. Implementation of all of these projects is scheduled to be completed in 2010
To address the problem, the government inspection team and the Ho Chi Minh City People’s Committee have agreed to set up a steering body to accelerate the pace of relocating ports out of the Ho Chi Minh City’s inner-city areas.
On behalf of the inspection team, Deputy Minister for Communications and Transport Tran Doan Tho proposed that Ho Chi Minh City urgently approve the detailed planning of Saigon Port and the Ba Son shipyard so the firms could raise funds for the relocation process.
Capital is needed for a number of new roads, to dredge the Soai Rap River and develop Hiep Phuoc ports on the outskirts of Ho Chi Minh City.
Ho Chi Minh City People’s Committee deputy chairman Nguyen Huu Tin said the city would be ready to remove obstacles to the ports’ relocation process.