Research and recommend the development model of international transshipment port at Cai Mep wharf area, Ba Ria - Vung Tau province

Abstract

Globalization has changed the methods and processes of port operations and forced coastal countries with deep-water ports to exert every effort to leverage their geographical advantages to serve trade flows and benefit from supply and logistics activities by establishing an international transshipment port and is an important "link" in the global value chain. In line with this general trend, the Cai Mep port area has been selected and approved for planning as an international hub port based on the decision of the Prime Minister. However, in recent years, the Cai Mep port area has mainly handled Vietnam's import and export goods, and the volume of transshipment cargo through this area only accounts for over 04 percent of the total volume of container cargo through the port, which lags far behind transshipment rate of international hub ports in the world (about 30 – 40 percent). This article is to evaluate some issues in attracting transshipment flows to the Cai Mep port area and research to propose an appropriate management model for this port area, along with suggesting several innovative mechanisms and policies to support the establishment and development of the Cai Mep international hub port.