French shipping giant CMA CGM Group and Saigon Newport Corporation (SNP) have entered a partnership to develop a new deep-water terminal in Haiphong, northern Vietnam.
The partnership covers the design, construction, and operation of Lach Huyen terminals 7 and 8, located in the Lach Huyen area of Haiphong.
Scheduled to begin operations in 2028, the terminal is expected to handle up to 1.9 million TEUs. The project, structured as a public-private partnership, involves a total investment of $600 million.
The new site is expected to enhance CMA CGM’s intermodal logistics network, seamlessly integrated with CEVA Logistics’ nationwide operations.
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Amid rapid industrial and logistics growth in northern Vietnam, this initiative seeks to respond to the region’s rising container volumes. By partnering with SNP, CMA CGM aims to establish long-term capacity in this critical node of the Asian supply chain.
The company operates 29 weekly services across seven ports in Vietnam and holds ownership stakes in both the Gemalink Terminal at Cai Mep and the Vietnam International Container Terminal in Ho Chi Minh City.
