Singapore’s PSA signs deal to develop $945 million four-berth Haiphong terminal

Singapore-headquartered terminal operator PSA has become the latest foreign port company to invest in Haiphong’s Lach Huyen deep-sea port complex in northern Vietnam after signing a $945 million deal to jointly develop a four-berth terminal at the port.

The pact, inked between PSA Vietnam and Lach Huyen International Logistics & Industrial Park (LHF), will see PSA invest in the Lach Huyen Port Investment Joint Stock Company to develop and operate the four wharves which would form berths 9 through 12 at Lach Huyen.

The berths would have a combined capacity of 4.5 million TEUs.

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