CMA CGM to develop new deep-water terminal in Vietnam

The deal includes design, construction, and operation.

CMA CGM Group has signed a partnership agreement with Saigon Newport Corporation (SNP) to develop a new deep-water terminal in Haiphong, northern Vietnam.

In a statement, CMA CGM said the agreement covers the design, construction, and operation of the Lach Huyen terminals 7&8. It will be located in the Lach Huyen area and will have a capacity of 1.9 million twenty-foot Eequivalent units.

The Lach Huyen 7&8 container terminal represents a total investment of $600m. It is scheduled to open in 2028.

“The project is designed to meet the sharp increase in container volumes in northern Vietnam—one of Southeast Asia’s fastest-growing economic zones. This partnership will enable CMA CGM to secure long-term capacity in a region that has become central to Asian supply chains due to its rapid industrial and logistics development,” the company said.

CMA CGM is co-owner of the Gemalink terminal in Cai Mep and the Vietnam International Container Terminal in Ho Chi Minh City.

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