Denmark’s A.P. Moller Holding keen on big seaport investments in Vietnam

By Anh Minh
Tue, September 24, 2024 | 10:23 am GMT+7

Copenhagen-headquartered A.P. Moller Holding is interested in constructing large-scale deep-water container ports and strategic logistics projects in Vietnam, which boasts a coastline of over 3,200 kilometers.

At a meeting with Prime Minister Pham Minh Chinh in Hanoi on Monday, Robert Maersk Uggla, chairman of A.P. Moller Holding and chairman of Maersk - the shipping arm of A.P. Moller Holding, said the Danish group sees significant potential and opportunities in Vietnam, and wishes to contribute further to its development.

Vietnam’s Prime Minister Pham Minh Chinh (right) hosts a reception for Robert Maersk Uggla, chairman of A.P. Moller Holding and chairman of Maersk, in Hanoi, September 23, 2024. Photo courtesy of the government’s news portal.

Vietnam’s Prime Minister Pham Minh Chinh (right) hosts a reception for Robert Maersk Uggla, chairman of A.P. Moller Holding and chairman of Maersk, in Hanoi, September 23, 2024. Photo courtesy of the government’s news portal.

A.P. Moller Holding is a global business and investment group renowned for its businesses such as logistics, renewable energy, finance, banking, and consumer products.

Maersk Uggla lauded the Vietnamese government’s achievements in improving the business environment and facilitating foreign investment, and appreciated its efforts in digital transformation and green transition.

For his part, PM Chinh highly regarded A.P. Moller Holding and Maersk’s investments in Vietnam since the 1990s which have contributed substantially to the development of the country’s maritime industry and economy.

He also acknowledged Maersk and APM Terminals' vision for building green and smart ports. APM Terminals, an independent division of A.P.Moller-Maersk, specializes in the development and operation of ports and container terminals.

Vietnam, which ranks among the top 20 economies in terms of international trade volume, stands ready to assist foreign investors in investing in logistics projects, Chinh asserted.

The government chief welcomed A.P. Moller Holding’s plans to expand investment in Vietnam, particularly in green and smart port systems, logistics services, and green maritime transport.

He suggested the group consider investing in several projects, such as Lien Chieu port in Danang, Can Gio international port in Ho Chi Minh City, and several other ports countrywide.

Chinh also called on the Danish group to invest in other areas such as digital transformation, green transition, and circular economy; share expertise in port management and operation; and help Vietnam access international financial resources for infrastructure development, including seaports, airports, and high-speed and urban railways.

Comments (0)
  • Read More
Taiwan electronic firm Lite-On okays $132 mln construction budget for Vietnam plant

Taiwan electronic firm Lite-On okays $132 mln construction budget for Vietnam plant

Taiwan-based Lite-On Technology Corporation, a world-leading provider in optoelectronics and power management, has approved a construction budget of $132 million for its factory in Vietnam.

Companies - Tue, November 12, 2024 | 12:17 pm GMT+7

Thailand cuts palm oil content in biofuel

Thailand cuts palm oil content in biofuel

Thailand's Ministry of Energy announced last Friday that it will reduce the palm oil content in its biofuel from 7% to 5% to deal with rising palm oil prices.

Southeast Asia - Tue, November 12, 2024 | 11:09 am GMT+7

Vietnam urges Toyota, Honda to switch to producing hybrid vehicles

Vietnam urges Toyota, Honda to switch to producing hybrid vehicles

Toyota and Honda should draft detailed plans to switch their production in Vietnam from petroleum vehicles to hybrid ones, said Tran Duy Dong, Chairman of Vinh Phuc province.

Industries - Tue, November 12, 2024 | 10:56 am GMT+7

Vietnam Party leader holds phone talks with US President-elect

Vietnam Party leader holds phone talks with US President-elect

Vietnam's Party chief To Lam talked over the phone with President-elect of the U.S. Donald Trump on the evening of November 11.

Politics - Tue, November 12, 2024 | 9:11 am GMT+7

Donald Trump won. What’s next for Vietnam real estate market?

Donald Trump won. What’s next for Vietnam real estate market?

Under Trump’s administration in the next four years, there might be further supply chain diversification, acceleration of friendshoring and nearshoring strategies, and trade polarization globally. Vietnam may benefit from these trends, write Avison Young Vietnam analysts.

Consulting - Tue, November 12, 2024 | 8:16 am GMT+7

Bright prospects seen for banking, securities, real estate, retail stocks next year: broker

Bright prospects seen for banking, securities, real estate, retail stocks next year: broker

Banking, securities, real estate and retail stocks have the potential to do well in 2025, says Dao Hong Duong, director of sectors and stock analysis with VPBank Securities (VPBankS).

Banking & Finance - Mon, November 11, 2024 | 9:37 pm GMT+7

Taiwan SpaceX supplier Universal Microwave Technology to double Vietnam investment

Taiwan SpaceX supplier Universal Microwave Technology to double Vietnam investment

Taiwan-based Universal Microwave Technology, a supplier for billionaire Elon Musk’s SpaceX, has said that it will increase its investment in Vietnam to a maximum $12 million.

Industries - Mon, November 11, 2024 | 7:51 pm GMT+7

Vietnam central bank sticks to ‘goldization’ fight, will consider open gold exchange

Vietnam central bank sticks to ‘goldization’ fight, will consider open gold exchange

Vietnam’s central bank, the State Bank of Vietnam (SBV), will continue to discourage the use of gold as investment or an asset to speculate on, says Governor Nguyen Thi Hong.

Banking - Mon, November 11, 2024 | 5:48 pm GMT+7

Vietnam records highest rate of online shopping in Asia Pacific: PwC

Vietnam records highest rate of online shopping in Asia Pacific: PwC

Vietnam stands out among the Asia Pacific region with the highest rate of online shopping. Vietnamese consumers are also increasingly prioritizing sustainability in their consumption practices, write PwC Vietnam analysts.

Consulting - Mon, November 11, 2024 | 5:18 pm GMT+7

Malaysia tightens control of social media

Malaysia tightens control of social media

Social media platform providers have been given a one-month deadline to respond to the code of conduct, after which they will be required to register with the Malaysian Communications and Multimedia Commission (MCMC) for licensing purposes, according to Malaysian Communications Minister Fahmi Fadzil.

Southeast Asia - Mon, November 11, 2024 | 4:05 pm GMT+7

Thailand pursues new policies to boost digital economy

Thailand pursues new policies to boost digital economy

The Thai Government is pursuing new digital policies to handle emerging security threats, including the impacts of US-China rivalry on the economy and technology, says Prime Minister Paetongtarn Shinawatra.

Southeast Asia - Mon, November 11, 2024 | 4:02 pm GMT+7

Japan’s Shizuoka Gas to acquire 25% stake in 50MW solar power plant in Vietnam

Japan’s Shizuoka Gas to acquire 25% stake in 50MW solar power plant in Vietnam

Japan’s Shizuoka Gas will acquire a 25% stake of My Son-Hoan Loc Viet Solar Energy JSC, the owner of 50-MW My Son-Hoan Loc Viet solar power plant in Vietnam’s central province of Ninh Thuan.

Energy - Mon, November 11, 2024 | 3:59 pm GMT+7

Vietnam central bank vigilant on inflation, cautious about credit risks

Vietnam central bank vigilant on inflation, cautious about credit risks

Vietnam’s central bank will manage its monetary policy in coordination with its fiscal policy to support economic growth, but it will stay alert about the return of inflation and take prompt action to curb it, says Governor Nguyen Thi Hong.

Banking - Mon, November 11, 2024 | 3:29 pm GMT+7

Vietnam’s first LNG-to-power plants set to connect to grid mid-Nov

Vietnam’s first LNG-to-power plants set to connect to grid mid-Nov

Nhon Trach 3 and Nhon Trach 4 power plants, the first LNG-to-power plants in Vietnam and located in the southern province of Dong Nai, are set to connect to the grid later this month.

Energy - Mon, November 11, 2024 | 2:28 pm GMT+7

Vietnam credit expands over 10% in 10 months

Vietnam credit expands over 10% in 10 months

Credit in Vietnam as of October 31 had grew 10.08% compared to the end of 2023, and 16.65% year-on-year, according to State Bank of Vietnam (SBV) Governor Nguyen Thi Hong.

Banking - Mon, November 11, 2024 | 12:09 pm GMT+7

Qualcomm earns $39 bln revenue, Vietnam 2nd biggest market

Qualcomm earns $39 bln revenue, Vietnam 2nd biggest market

American chipmaker Qualcomm earned a revenue of $38.96 billion in fiscal year 2024 (ending September 29), including 12% from Vietnam, the second-highest portion among all nations.

Companies - Mon, November 11, 2024 | 11:00 am GMT+7