Pham Gia Tuc, Politburo Member, Secretary of the Party Central Committee, and Standing Deputy Prime Minister, attended the ceremony and delivered a keynote address.
With a total investment of nearly 6.9 trillion VND and a total usable area of over 80 hectares, QTM International Port is located in the Cai Mep-Thi Vai area, next to Phuoc An Bridge, in Phu My Ward, Ho Chi Minh City. Upon completion, the project will have 8 berths with a total length of over 1,800 metres, capable of receiving vessels with a deadweight tonnage of 60,000–100,000 DWT.
The port has a designed capacity of approximately 16 million tonnes of cargo per year, along with a comprehensive warehouse system and logistics area of nearly 200,000 m². The project will be implemented in two phases from now until 2034.
This is also one of the key projects to commemorate the 50th anniversary of the renaming of Saigon-Gia Dinh City to Ho Chi Minh City (July 2, 1976 - July 2, 2026).
Speaking at the groundbreaking ceremony, Standing Deputy Prime Minister, affirmed the role of the maritime economy for Viet Nam in general and for Ho Chi Minh City in particular, as well as the leading economic role of the city named after the beloved President Ho Chi Minh.
The standing deputy PM also affirmed the important role of logistics in the country’s development, noting that logistics service costs currently account for 14-16% of the total, thus requiring cost reduction to enhance the capacity of Vietnamese goods. He noted that the Politburo is currently summarising Resolution No.36 on the maritime economy and preparing to issue a new resolution on the maritime economy with the aim of not only becoming rich and strong in maritime resources but also opening new development opportunities in the maritime sector.
Standing Deputy PM Pham Gia Tuc requested the investor to accelerate the project’s progress and strive to have the port operational within 11 months of construction. At the same time, relevant ministries, agencies, and the People’s Committee of Ho Chi Minh City are requested to pay attention to and create favourable conditions for investors to bring the port into operation as soon as possible.
