Vinalines to build 2 terminals at $299 mln in Lach Huyen Port

1 min readUpdated Jun 4, 2025Sep 25, 20187:08 AM

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Vinalines is seeking approval from the government for building two container terminals at Lach Huyen Port in northern Hai Phong City.

Nguyen Canh Tinh, director of the state-run Vietnam National Shipping Lines (Vinalines), said its subsidiary, Haiphong Port JSC, would build terminals No.3 and No.4 at the port.

He said the Haiphong Port JSC used to work mainly at Hoang Dieu terminal, which has now been taken over for the construction of an urban area, and so new terminals are needed in its place.

The two proposed terminals would have a total length of 750 meters and the capacity to handle vessels of up to 100,000 DWT (8,000 TEU), and cost around VND7 trillion ($299 million), he said.

Vinalines and Hai Phong Port JSC, in which Vinalines owns a 65 per cent stake, also plan to develop a logistics center of around 250ha in the area to optimize the handling, storage, processing, and distribution of cereals.

Tinh said the investment in the terminals would be a strategic step in the company achieving its plan to handle around 30 percent of cargo at ports nationwide by 2020.

Lach Huyen is set to become a modern port complex and the only one in the north that can berth ships of up to 150,000 tons.

It is expected to have nine terminals with a combined length of 3,000 meters by 2020.

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What this means

Vinalines' strategic investment in Lach Huyen is a necessary move to replace lost capacity and a bold play for market share in Vietnam's growing export economy. Building new terminals and a large logistics centre at 250ha positions Vinalines to pressure competitors in the northern region, echoing the strategic city expansion seen with Panpuri. However, this large-scale state-backed infrastructure project carries inherent risks of budget overruns and delays, which can impact its ambitious 2020 cargo handling target. While other companies like LivWell are forming new partnerships in Vietnam, Vinalines is betting on direct, large-scale infrastructure. The critical factor to watch will be the final government approval, which dictates the project's commencement and cost adherence.

Aiko Tanaka · Retail News Asia newsroom

Questions & Answers

What is the primary reason Haiphong Port JSC needs new terminals at Lach Huyen?

The Haiphong Port JSC previously operated mainly at Hoang Dieu terminal, which has now been repurposed for the construction of an urban area. This necessitates new terminals to replace the lost capacity.

What is the total cost and capacity of the two proposed terminals?

The two new terminals are estimated to cost around VND7 trillion, which is approximately $299 million. They will have a total length of 750 meters and be able to handle vessels of up to 100,000 DWT.

What is the strategic goal Vinalines hopes to achieve with this investment?

Vinalines aims for this investment in the terminals to be a strategic step towards handling around 30 percent of all cargo at ports nationwide by the year 2020. This is part of its company plan.

What additional development is planned for the Lach Huyen area alongside the new terminals?

Vinalines and Haiphong Port JSC also plan to develop a logistics center covering approximately 250 hectares in the area. This centre is intended to optimise the handling, storage, processing, and distribution of cereals.

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