A newly licensed project, the Middle Project, has been established as a joint venture between Hai Phong Port Joint Stock Company and Swiss investors Terminal Investment Limited (TIL) and MSC Group, according to an announcement from the Hai Phong City People’s Committee. With a total investment capital of US$156 million, the project aims to enhance Vietnam’s position in global maritime logistics.
The joint venture will operate two international container terminals, No. 3 and 4, as part of the Hai Phong International Gateway Port project in Lach Huyen. These terminals are expected to handle an annual cargo output of 1.1 million TEUs, significantly boosting the region’s container handling capacity.
This collaboration underscores Vietnam’s strategic importance in international trade routes and highlights the growing investment interest in its maritime infrastructure. The project is set to contribute to the development of Hai Phong as a key logistics and trade hub in Southeast Asia.
See also: Vietnam Seaports