CMA CGM Group signed a partnership agreement with Saigon Newport Corporation (SNP) to develop a new deep-water terminal in Haiphong, northern Vietnam.
The deal covers the design, construction, and operation of the Lach Huyen terminals 7&8, located in the Lach Huyen area in Haiphong.
The terminal will have a capacity of 1.9 million TEUs and is scheduled to open in 2028.
“The project is designed to meet the sharp increase in container volumes in northern Vietnam—one of Southeast Asia’s fastest-growing economic zones,” said CMA CGM in a statement.
“This partnership will enable CMA CGM to secure long-term capacity in a region that has become central to Asian supply chains due to its rapid industrial and logistics development,” added the French company.
In partnership with Saigon Newport Corporation, the Lach Huyen 7&8 container terminal represents a total investment of US$600 million.
CMA CGM has been active in Vietnam since 1989, with five offices in Ho Chi Minh City, Hanoi, Haiphong, Danang, and Quy Nhon, and a team of more than 550 employees, while the ocean carrier operates 29 weekly services across seven ports in the country.
