Tan Thuan Dong container port

Active

The licence in order to construct the terminal has been granted in Oct. 1994, construction of the terminal started in May 1997. Construction of the first privately owned and operated terminal in Vietnam was expected to conclude in mid-1998. The volume of container cargo handled at Ho Chi Minh City has risen sharply, including 30% growth in 1996. VICT is the only Vietnamese port with modern gantry cranes. The port capacity would be 550,000 20-foot containers per year with five berths and five gantry cranes, once the three phases of the projects were completed. The project was developed by First Logistics Development Co. a joint venture company by Vietnamese Southern Waterborne Transport Co., Transport Chartering Co. (35%), and Mitorient Enterprises Pte Ltd. (65% comprised of Mitsui & Co (25%) and Neptune Orient Lines (75%)). The company invested a total of US$ 53.6 million to carry out the first and second phases. In 2002 the company initiated the third phase which involves the development of an additional area of 8 hectares and the berth expansion from 305 meters to 678 meters. The company announced that this expansion was expected to be completed by 2008 and it will require an additional investment of US$ 20 million.

High