Mediterranean Shipping Company Eyes Investment in Vietnam’s Key Infrastructure Projects

Nov 2024

Switzerland-based Mediterranean Shipping Company (MSC), one of the world’s largest shipping lines, is exploring investment opportunities in Danang’s Lien Chieu port, a key maritime gateway for Vietnam. MSC Group President shared the company’s plans during a meeting with Vietnam’s Commission for the Management of State Capital at Enterprises (CMSC) in Switzerland.

The company highlighted its interest in expanding its investments into Vietnam’s seaport and logistics networks, including a five-star cruise line and a domestic waterway system. The company is particularly focused on seaports and logistics centres in southern Vietnam, aiming to enhance supply chains and reduce transportation costs by partnering with local businesses.

CMSC Vice Chairman expressed support for MSC’s interest, noting that Lien Chieu port is a critical national project and its development could transform the seaport network into a modern, smart, and environmentally sustainable facility.

MSC’s interest in Lien Chieu comes amid growing international investment in the USD 2 billion project. Other potential investors, such as Japan’s Sumitomo, India’s Adani Group, and Denmark’s A.P. Moller Holding, have also shown interest in developing large-scale port and logistics projects in Vietnam.

In addition, MSC is exploring investment opportunities in the USD 5.5 billion Can Gio mega port in Ho Chi Minh City. As outlined in the plans, the main pier is expected to extend around seven kilometers, with the barge pier spanning approximately two kilometers. The mega port is projected to occupy a total of 571 hectares, with 469.5 hectares allocated for piers, warehouses, internal roads, offices, staff housing, and technical infrastructure. The remaining 101.5 hectares will be dedicated to water-based operations essential for the port’s functionality.

(Source: The Investor)

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