CMA CGM to Invest $600 Million to Build Northern Vietnam Terminal
- CMA CGM announced a $600 million investment to build a deep-water terminal at Hai Phong Port, northern Vietnam, scheduled to open in 2028.
- This project addresses the rapid growth of container traffic in northern Vietnam, a region recognized as one of the most dynamic economic areas in Southeast Asia.
- The new terminal, developed with Saigon Newport Corporation, will add 1.9 million TEUs capacity and complement CMA CGM's existing terminals in Cai Mep and Ho Chi Minh City.
- CMA CGM provides almost 30 weekly sailings connecting multiple ports throughout Vietnam and stated that this investment is intended to ensure stable capacity over the long term amid changes driven by U.S.-China trade tensions.
- This expansion enhances CMA CGM’s presence in Vietnam’s logistics network and suggests the country’s growing role in global supply chains amid increasing exports and trade realignment.
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