PSA Vietnam (PSA) and Lach Huyen International Logistics & Industrial Park (LHF) have signed an agreement to jointly develop and operate four deep-sea container berths at the Lach Huyen development at the Port of Hai Phong in North Vietnam.
The deal will see PSA Vietnam, a subsidiary of PSA International, take a stake in the Lach Huyen Port Investment Joint Stock Company (LHP) to develop berths 9-12 at Lach Huyen in a deal Singapore media are reporting is worth SIN$945m.
In statement PSA Vietnam said the berths will have a capacity of 4.5m TEU per annum. The berths will have a total length of 1,800m, enabling the terminal to handle vessels in the 18,000 TEU range. The initial Master Plan for Lach Huyen featured 16 berths for container vessels.
The investment, PSA Vietnam said, “reinforces PSA’s Node to Network strategy, which aims to create greater resilience, connectivity and value across its global network of ports and supply chain ecosystems. This joint venture will develop into a major hub by establishing a strategic gateway presence in North Vietnam. PSA will further strengthen connectivity to key international markets through established and emerging trade lanes across the regions and around the world. This will further reinforce Vietnam’s role as a strategic gateway into global trade flows.”
PSA noted that the development compliments its existing projects in North Vietnam, including its inland container depot facilities in Bac Ninh. “Together with the new deep-sea terminal at Lach Huyen, these facilities will form an integrated logistics ecosystem that seamlessly connects inland cargo hubs with global shipping networks. This enhanced connectivity will enable PSA to provide end-to-end multimodal logistics solutions and deliver greater value to cargo owners, logistics service providers and shipping lines.”
Two phases
The four berths will be developed in two phases, with work on the first two scheduled to start at the end of 2026 with a target opening in 2028. The second two berths will be completed by 2035.
“Vietnam is one of Southeast Asia’s most dynamic and rapidly growing economies and this project reflects PSA’s long-term commitment to the market,” said Mr Nelson Quek, Regional CEO Southeast Asia, PSA International. “By adding a strategic deep-sea hub at Lach Huyen to our existing network, we are strengthening our Node to Network strategy and enhancing connectivity across regional and global supply chains. Together with LHF, we look forward to building a resilient, future-ready hub that creates long-term value for our customers and stakeholders.”
Mr Nguyen Vinh Hau, General Director of LHF, added, “The development of Lach Huyen Port is an important milestone in our vision to establish Northern Vietnam as a leading logistics and industrial gateway in Asia. Through our partnership with PSA, we are combining global port expertise with deep local market knowledge and the advantages of Hai Phong City’s Free Trade Zone to develop world-class infrastructure that will support future trade growth, attract investment, and strengthen Vietnam’s role in global supply chains. We look forward to building an efficient and sustainable gateway that serves the needs of businesses for decades to come.”
