Cma Cgm Seals $600M Deal For Vietnam’S New Terminal Project

France’s CMA CGM has sealed an agreement with Saigon Newport Corporation (SNP) to jointly develop a new deep-water terminal in Haiphong, northern Vietnam.

In partnership with Saigon Newport Corporation, the Lach Huyen 7&8 container terminal represents a total investment of $600m.

The agreement covers the design, construction, and operation of the Lach Huyen terminals 7&8, located in the strategically positioned Lach Huyen area in Haiphong.

The terminal will have a capacity of 1.9 million TEUs and is scheduled to open in 2028.

The Marseille-based company stated that the new partnership will help secure long-term capacity in a region that has become central to Asian supply chains due to its rapid industrial and logistics development.

CMA CGM has been active in Vietnam since 1989, with five offices in Ho Chi Minh City, Hanoi, Haiphong, Danang, and Quy Nhon, and a team of more than 550 employees.

The Group operates 29 weekly services across seven ports in the country, connecting major global trade routes to an advanced intermodal network via CEVA Logistics.

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