The project is intended to form a system of consistent deep water seaports, infrastructure facilities, and modern logistics services to meet the increasing demand for transportation in the southern region.

Deputy Prime Minister Hoang Trung Hai and other officials cut the red ribbon inaugurating the port complex (Photo:VGP)

The complex will support direct maritime routes from Vietnam to other countries and cut travel time and costs, helping speed up the relocation of ports to HCM City’s suburban areas and ease traffic pressure in the city.

The project has a total investment capitalization of VND12,891 billion, sourced from the Japan International Cooperation Agency (JICA) and the Vietnamese government.

Among the six bidding packages, the first one is building Cai Mep container port capable of receiving 100,000DWT ships, and the second one is building Thi Vai port capable of receiving 50,000DWT ships.

Addressing the inauguration ceremony, Deputy Prime Minister Hoang Trung Hai praised relevant parties, especially JICA, for completing the project on time.

This is a chance for Vietnamese engineers and workers to learn from Japan’s advanced construction technology to modernize the country’s transport system, he said.

He noted that the inauguration of the port complex is one of the first activities to mark 40 years of diplomatic ties between Vietnam and Japan.

The Deputy PM took this opportunity to thank the government and people of Japan for providing assistance to Vietnam, including the Cai Mep-Thi Vai port complex project.