en.Wedoany.com Reported - PSA Vietnam has signed an agreement to invest in Lach Huyen Port Investment Joint Stock Company, jointly developing and operating four deep-sea container berths at Lach Huyen Port in Haiphong.

The project, coordinated with the Lach Huyen International Logistics & Industrial Park, is expected to achieve an annual handling capacity of 4.5 million TEUs upon full completion, potentially enhancing northern Vietnam's role as a gateway in global container trade.

The first two berths are scheduled to break ground in late 2026 and be completed in 2028; the remaining two berths will be built in the second phase, with the overall project expected to be finished by 2035. PSA stated that this investment aligns with its node-to-network strategy, aiming to connect global ports, inland logistics assets, and the supply chain ecosystem.

The development of Lach Huyen Port will complement PSA's existing projects in northern Vietnam, including an inland container depot facility in Bac Ninh Province. Together, these assets form an integrated logistics corridor linking inland freight hubs with deep-sea shipping networks. Nelson Quek, Regional CEO for Southeast Asia at PSA International, noted that Vietnam is one of the most dynamic economies in the region, and this investment reflects PSA's long-term commitment to the local market. Nguyen Vinh Hau, General Director of LHF Company, emphasized that this partnership combines PSA's global port expertise with local market knowledge and the advantages of the Haiphong Free Trade Zone.

This investment further drives the expansion of Vietnam's ports amid manufacturers diversifying supply chains in Southeast Asia and shipping companies seeking deeper gateway capabilities near northern Vietnam's industrial base.