PSA Singapore Invests $945 Million In Lach Huyen – Northern Vietnam Is Becoming A Deep-Sea Hub

PSA Singapore Invests $945M in Lach Huyen: Northern Vietnam’s Next Deep-Sea Gateway | Voltrans Logistics
4.5M
TEU annual capacity
when fully operational
4
Deep-sea berths
Lach Huyen Port
2028
Phase 1 completion
First 2 berths operational

What Was Agreed

On July 3, 2026, PSA Vietnam, a subsidiary of Singapore-based PSA International and one of the world’s leading port operators, and Lach Huyen International Logistics & Industrial Park (LHF) signed an agreement for PSA’s investment in Lach Huyen Port Investment Joint Stock Company. The joint venture will develop and operate four deep-sea container berths at Lach Huyen Port in Haiphong, with a total investment of $945 million and a combined annual handling capacity of 4.5 million TEU once fully operational.

The deal adds PSA to a growing list of major global port operators committing capital to Vietnam’s northern port corridor – alongside existing Lach Huyen investments by HICT (a joint venture between Mitsui O.S.K. Lines, Itochu, and Vietnam National Shipping Lines) and LHTC.

Development Timeline

Phase 1 – Underway
Berths 1 & 2
Construction start: End-2026 → Operational: 2028
The first two deep-sea berths will begin construction before the end of 2026, with completion and commercial operations targeted for 2028. These berths will provide immediate capacity relief for northern Vietnam’s growing export volumes.
Phase 2 – Planned
Berths 3 & 4
Full completion targeted: 2035
The remaining two berths will be developed in a subsequent phase, bringing total annual capacity to 4.5 million TEU by 2035 – establishing Lach Huyen as a major deep-sea gateway for the entire northern Vietnam region.

Location – Lach Huyen Port, Haiphong

Lach Huyen Port & Northern Vietnam Manufacturing Clusters
PSA Lach Huyen (new)
Existing Lach Huyen terminals
Northern manufacturing clusters

“Vietnam is one of Southeast Asia’s most dynamic and rapidly growing economies and this project reflects PSA’s long-term commitment to the market. By adding a strategic deep-sea hub at Lach Huyen to our existing network, we are strengthening our Node to Network strategy and enhancing connectivity across regional and global supply chains.”

– Nelson Quek, Regional CEO Southeast Asia, PSA International

Why Lach Huyen – and Why Now

Lach Huyen Port occupies a strategically important position in Vietnam’s port development landscape. Located at the mouth of the Cam River in Haiphong, it was designed from the outset to accommodate large deep-sea vessels that cannot call at older, shallower berths further upriver. Unlike the traditional Haiphong port area, Lach Huyen can receive vessels of 100,000 DWT and above – enabling direct calls from ocean-going carriers on major East-West trade lanes.

The timing of PSA’s investment reflects the convergence of several structural trends: Vietnam’s manufacturing sector is absorbing significant inward FDI as supply chains diversify away from China; northern Vietnam specifically is home to major electronics and machinery production clusters in Bac Ninh, Hung Yen, and Hai Duong; and existing port capacity at Haiphong is increasingly constrained relative to export volume growth.

The Manufacturing Hinterland Connection

PSA’s investment at Lach Huyen is explicitly designed to connect with its existing footprint in northern Vietnam’s manufacturing interior. The company already operates an inland container depot (ICD) in Bac Ninh – the heart of Vietnam’s electronics manufacturing cluster, home to major Samsung, Canon, and other technology production facilities. The deep-sea terminal at Lach Huyen will serve as the seaward anchor of this inland-to-port corridor.

The bigger picture – Lach Huyen is becoming a major international port cluster

PSA’s deal follows a series of concessions between carrier-controlled terminal operators and Vietnamese companies to develop port facilities at Lach Huyen over the past several years. HICT, a joint venture between Mitsui O.S.K. Lines, Itochu, and Vietnam National Shipping Lines, already operates deep-sea berths at the site. The addition of PSA as a major independent port operator further cements Lach Huyen’s status as northern Vietnam’s primary international container gateway.

With 4.5 million TEU of annual capacity coming online by 2035, Lach Huyen will rival the capacity of some of Southeast Asia’s established hub ports – and represents a fundamental shift in how northern Vietnam connects to global trade lanes.

What This Means for Shippers and Logistics Operators

  • Direct deep-sea calls from North Vietnam – from 2028When Phase 1 berths open in 2028, shippers in northern Vietnam will have access to additional deep-sea capacity capable of handling large ocean-going vessels on direct Asia-Europe and transpacific routes – reducing reliance on feeder services through Singapore or Hong Kong.
  • Shorter supply chain lead times for northern manufacturing clustersElectronics, machinery, and consumer goods produced in Bac Ninh, Hung Yen, and Hai Duong will have a more efficient route to market – via PSA’s integrated ICD-to-terminal corridor – reducing inland transport time and cost compared to routing through congested upriver terminals.
  • More competitive freight pricing through increased terminal competitionWith PSA joining existing operators at Lach Huyen, terminal handling charge competition will increase – benefiting shippers through more transparent pricing and greater choice of terminal operators for the same port.
  • Signal of long-term confidence in Vietnam’s trade growthA $945 million commitment from PSA International, one of the world’s most experienced port operators, is a strong institutional signal that northern Vietnam’s export growth trajectory is expected to continue well into the 2030s. For businesses making sourcing or manufacturing location decisions, this infrastructure commitment matters.
Voltrans Logistics – Your North Vietnam Gateway Partner

Voltrans Logistics operates across all major northern Vietnam port gateways – including Haiphong and Lach Huyen – with customs clearance, freight forwarding, and inland logistics capabilities covering the Bac Ninh, Hung Yen, Hai Duong, and Hanoi manufacturing corridor.

As Lach Huyen’s capacity expands and new deep-sea services launch through 2028, our team is positioned to help you optimize your northern Vietnam supply chain routing from day one.


Looking Ahead

PSA’s $945 million commitment to Lach Huyen is the largest single port investment in northern Vietnam in recent years – and a clear statement of where global port capital sees long-term trade growth. With construction of the first two berths starting before the end of 2026, the impact on northern Vietnam’s port capacity and supply chain connectivity will begin to materialize within two years.

Voltrans Logistics will continue to monitor Lach Huyen’s development and publish updates as construction milestones and new carrier service announcements are confirmed.

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