PSA deepens Vietnam bet with Hai Phong terminal as port investment wave continues
- PSA to develop four deepsea berths at Hai Phong’s Lach Huyen Port with 4.5m teu annual capacity, targeting full completion by 2035
- The deal follows APM Terminals’ $1.7bn project in Da Nang, as global operators race to capture Vietnam’s surging trade flows amid supply chain shifts
- China is also investing heavily in the region, with ODI into ASEAN up 36.8% to $34.4bn in 2024, and multimodal logistics a priority under its latest five-year plan
Global port operators are pouring billions into Vietnam as supply chain diversification reshapes Southeast Asia’s logistics landscape
