Monday , 23 September 2019
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SP-PSA International Port Co Ltd (SP-PSA) – a joint venture between Saigon Port and PSA Vietnam Pte Ltd, a wholly-owned subsidiary of PSA International Pte Ltd (PSAI) – has been granted an investment license to develop a new container port in Vung Tau province in Vietnam. The port is intended to serve Vietnam’s fast-growing container traffic and to become a major hub for the Indochina region.

PSAI to develop Vietnam container port

Strategically located near the mouth of the Cai Mep-Thi river, SP-PSA International will have deepwater berths equipped to handle large vessels. It will be connected via an extensive road and inland waterway network to Ho Ch Minh City and to the rest of the burgeoning South Vietnam industrial hinterland. The terminal will be developed in two phases, with the first going into operation in 2009. When both phases are operational, it will have a projected annual capacity of 2m teu.

Kuah Boon Wee, CEO Southeast Asia and Singapore Terminals at PSAI, said: “This is PSA’s first port project in Vietnam and we are delighted to partner Saigon Port, which has extensive knowledge of the shipping and transportation logistics environment in Vietnam. We are committed to developing the SP-PSA International Port into a world-class service facility to cater to the needs of shipping lines and shippers in the region.”