Saigon Newport Corporation and Phuoc An Port Expand Southern Port Ecosystem

By Khanh Linh|30/03/2025 16:12

On March 28, 2025, Saigon Newport Corporation (SNP) officially signed a Memorandum of Understanding (MoU) for strategic cooperation with Phuoc An Port Investment and Petroleum Exploitation Joint Stock Company (PAP). The event was marked by the welcoming ceremony of the SITC MINHE vessel – a milestone that begins a partnership aimed at expanding the integrated seaport and logistics ecosystem in southern Vietnam.

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The SITC MINHE vessel docked at Phuoc An Port

Phuoc An Port – Strategic Location, Exceptional Potential

Located on the Thi Vai River in Nhon Trach District, Dong Nai Province, Phuoc An Port enjoys a strategic position with effective connectivity to Ho Chi Minh City, Ba Ria – Vung Tau, and key industrial zones in the southern economic region. With the capability to receive container ships of up to 4,500 TEU and a designed handling capacity of 5 million TEU annually, the port is expected to become a key logistics hub – an extended arm of Tan Cang – Cat Lai Port and the deep-water ports at Cai Mep.

SITC is the pioneering shipping line to dock its SITC MINHE vessel at the port, handling 400 TEU of cargo, marking the beginning of a new logistics chain between the two ports and demonstrating the feasibility and growth potential of this collaborative model.

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Mr. Truong Hoang Hai, General Director of PAP, delivered a speech at the ceremony.

Strategic Partnership – Expanding the Southern Logistics Ecosystem

The cooperation between SNP and PAP is not only a reinforcement of port capacity but also a long-term strategy to complete the logistics value chain. The two sides commit to comprehensive collaboration in port operations, depot and warehouse services, and logistics, while jointly developing industrial zones and supporting infrastructure.

By adopting integrated and modern logistics solutions, this partnership aims to optimize operational costs for shipping lines and customers, enhancing the competitiveness of Vietnam's logistics sector on the global stage.

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Leaders of Saigon Newport Corporation and Phuoc An Port signed the cooperation agreement

Commitment to Sustainable Development and Green Economy

Both SNP and PAP are firmly aligned on a vision for sustainable development – grounded in digital economy principles, clean energy, and modern technology. In the context of globalization and rapid digital transformation, this partnership represents a strategic move enabling both companies to proactively adapt and lead the new trends in the logistics industry.

Particularly, Phuoc An Port is being developed with a modern, environmentally friendly design and advanced technologies, aligning with the global trend toward green and smart port development.

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Delegates attended the welcoming ceremony of the SITC MINHE vessel

The signing event between SNP and PAP is not only a bilateral cooperation milestone but also a positive indicator of strategic transformation in Vietnam’s logistics industry. Expanding the seaport ecosystem in the southern economic hub will help ease infrastructure pressure, boost customs clearance capacity, and elevate Vietnam's position in the global supply chain. This is a strategic step that demonstrates long-term vision, flexibility, and high adaptability to the modern economic landscape.

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