Saigon Newport Corporation (SNP) and France’s CMA CGM have signed a deal for the construction of a new $600 million deepwater facility in Haiphong, northern Vietnam. The agreement involves the planning, building, and management of the Lach Huyen terminals 7 and 8, which are situated in Haiphong’s Lach Huyen neighborhood.

The terminal is scheduled to open in 2028 and will have a 1.9 m teu capacity. Via seven ports in Vietnam, CMA CGM operates 29 shipping routes every week. “The new partnership will help secure long-term capacity in a region increasingly vital to Asian supply chains, driven by fast-paced industrial and logistics growth,” said the Marseille-based company, which shares ownership of the Vietnam International Container Terminal in Ho Chi Minh City and the Gemalink terminal at Cai Mep.