Four new container terminals to be built in northern Vietnam economic hub

By Chau Anh
Wed, July 9, 2025 | 5:36 pm GMT+7

Prime Minister Pham Minh Chinh has granted in-principle approval for the development of four new container terminals at Lach Huyen Port in the northern city of Hai Phong.

The terminals - No. 9 through No. 12 - will be located at the Dinh Vu-Cat Hai Economic Zone, with a total length of 1,800 meters (450 meters per terminal). They are designed to accommodate container ships with capacities ranging from 12,000 to 18,000 TEUs.

The project also includes a 400-meter berth dedicated to receiving and dispatching barges through inland waterways.

Container terminals 5 and 6 at Lach Huyen Port in Hai Phong city, northern Vietnam. Photo courtesy of Vietnam News Agency.

Container terminals 5 and 6 at Lach Huyen Port in Hai Phong city, northern Vietnam. Photo courtesy of Vietnam News Agency.

Other components include the construction of container yards, a repair workshop, internal roads, auxiliary facilities, and synchronized technical infrastructure to ensure full port operation.

It will also involve investments in modern, specialized cargo handling equipment.

The project will span a total land and water surface area of approximately 146.2 hectares.

With a total investment capital of VND24.85 trillion ($950.76 million), it will be implemented in two phases. Phase 1, from 2026 to 2030, will cover the construction of terminals 9 and 10, while phase 2, from 2031 to 2035, will involve the remainder.

The municipal People’s Committee has been tasked with selecting investors in line with established procedures and regulations. The project will have an operational term of up to 70 years.

Once completed, it will link the main port with the adjacent free trade and logistics zones, accelerating cargo circulation, enhancing regional competitiveness, and driving investment.

The development also aims to fully capitalize on the natural and geographical advantages of the Dinh Vu-Cat Hai Economic Zone.

It aligns with and concretizes the country's master plan for seaport system development for the 2021-2030 period, with a vision to 2050. It is expected to boost socio-economic growth in Hai Phong city in particular and northern Vietnam more broadly.

At present, Lach Huyen Port comprises a total of eight terminals that are either operational or under construction.

Terminals 1 and 2 have a combined designed capacity of 1.1 million TEUs per year and entered operation in 2018. In 2024, cargo throughput there reached 1.6 million TEUs, equivalent to around 19 million tons.

Terminals 5 and 6, with a combined designed capacity of 1.6 million TEUs per year, began operations in February 2025. Terminals 3 and 4, with the same capacity, followed in April.

Terminals 7 and 8 are currently in the investment preparation phase and are slated to begin operations in 2027.

Hai Phong city and Hai Duong province recently merged to become new Hai Phong city.

Comments (0)
  • Read More
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure

Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure

Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.

Companies - Thu, August 7, 2025 | 4:31 pm GMT+7

Northern Vietnam province accelerates $2.2 bln LNG-to-power project

Northern Vietnam province accelerates $2.2 bln LNG-to-power project

Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.

Energy - Thu, August 7, 2025 | 4:17 pm GMT+7

Vietnam's seafood firms ride profit wave ahead of US tariff hike

Vietnam's seafood firms ride profit wave ahead of US tariff hike

Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.

Economy - Thu, August 7, 2025 | 2:21 pm GMT+7

Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC

Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC

Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.

Companies - Thu, August 7, 2025 | 2:01 pm GMT+7

Indonesia, Malaysia, Thailand expand local currency transaction network

Indonesia, Malaysia, Thailand expand local currency transaction network

Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.

Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7

ASEAN to sign MoU on regional power grid implementation

ASEAN to sign MoU on regional power grid implementation

ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.

Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7

Vietnam overtakes Thailand to become world's second-largest rice exporter

Vietnam overtakes Thailand to become world's second-largest rice exporter

Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.

Companies - Thu, August 7, 2025 | 12:41 pm GMT+7

Vietnam posts trade surplus of $10.18 bln in 7 months

Vietnam posts trade surplus of $10.18 bln in 7 months

Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.

Economy - Thu, August 7, 2025 | 12:19 pm GMT+7

Malaysia pledges big purchases, investments with US

Malaysia pledges big purchases, investments with US

Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.

Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7

Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt

Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt

Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.

Companies - Thu, August 7, 2025 | 10:11 am GMT+7

Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil

Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil

Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.

Economy - Thu, August 7, 2025 | 9:57 am GMT+7

Malaysia steps up efforts to explore nuclear energy potential

Malaysia steps up efforts to explore nuclear energy potential

Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.

Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7

Indonesia's economy grows faster than expected

Indonesia's economy grows faster than expected

Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).

Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7

Philippine energy group eyes investment in Vietnam’s power sector

Philippine energy group eyes investment in Vietnam’s power sector

AboitizPower wants to invest in Vietnam’s electricity industry, especially in transmission infrastructure, said Danel Aboitiz, executive director of the corporation.

Energy - Wed, August 6, 2025 | 11:11 pm GMT+7

Vietnam seeks 8.3-8.5% economic expansion for 2025

Vietnam seeks 8.3-8.5% economic expansion for 2025

The Government has requested the State Bank of Vietnam to proactively adjust the credit growth aim for this year in line with a GDP expansion target of 8.3-8.5%.

Economy - Wed, August 6, 2025 | 10:41 pm GMT+7

Japanese investment in Vietnam shifts toward service, trade, and technology: bank exec

Japanese investment in Vietnam shifts toward service, trade, and technology: bank exec

Japanese investment in Vietnam is seeing a notable shift, with sharp increases in the services, trade, and technology sectors, while investment in manufacturing has slowed, said Abe Ryota, a senior economist at Sumitomo Mitsui Banking Corporation (SMBC).

Economy - Wed, August 6, 2025 | 4:06 pm GMT+7