PSA Vietnam, Lach Huyen Ink Deal to Develop Container Berths in North Vietnam

PSA Vietnam (PSA) and Lach Huyen International Logistics & Industrial Park (LHF) have signed an agreement for PSA’s investment in Lach Huyen Port Investment Joint Stock Company (LHP) to jointly develop and operate four deep-sea container berths at Lach Huyen Port in Hai Phong, North Vietnam.

The investment, which carries an annual handling capacity of 4.5 million TEUs (Twenty-foot Equivalent Unit), reinforces PSA’s Node to Network strategy aimed at building greater resilience, connectivity and value across its global network of ports and supply chain ecosystems. The joint venture is set to develop into a major hub by establishing a strategic gateway presence in North Vietnam, with PSA strengthening connectivity to key international markets through established and emerging trade lanes across regions and around the world. The move is expected to further reinforce Vietnam’s role as a strategic gateway into global trade flows.

The development also complements PSA’s 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 connecting inland cargo hubs with global shipping networks, enabling PSA to provide end-to-end multimodal logistics solutions and deliver greater value to cargo owners, logistics service providers and shipping lines.

Development of the first two berths is scheduled to begin at the end of 2026 and is expected to be completed by 2028. The remaining two berths will be developed in a subsequent phase, with full completion targeted for 2035.

Nelson Quek, Regional CEO Southeast Asia, PSA International, said Vietnam is one of Southeast Asia’s most dynamic and rapidly growing economies and that the project reflects PSA’s long-term commitment to the market. He added that adding a strategic deep-sea hub at Lach Huyen to the company’s existing network strengthens its Node to Network strategy and enhances connectivity across regional and global supply chains, noting that PSA looks forward to building, together with LHF, a resilient, future-ready hub that creates long-term value for customers and stakeholders.

Nguyen Vinh Hau, General Director of LHF, said the development of Lach Huyen Port is an important milestone in the company’s vision to establish Northern Vietnam as a leading logistics and industrial gateway in Asia. He noted that the partnership with PSA combines 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, adding that both partners look forward to building an efficient and sustainable gateway serving businesses for decades to come.