Maersk, Hateco sign non-binding agreement on rail freight terminals in Vietnam
HANOI, Oct 20 : APM Terminals, the ports arm of Denmark's A.P. Moller-Maersk, and Vietnam's Hateco Group signed a non-binding agreement to study the development and operation of railway freight terminals in northern Vietnam, the Vietnamese government said on Tuesday.
- The agreement was signed in the presence of Vietnam's General Secretary and President To Lam during his visit to Denmark
- The companies will study a railway freight terminal in Hai Phong, including cargo-handling and storage facilities, as well as three additional rail freight locations in northern Vietnam, according to a statement on the Vietnamese government portal
- The proposed network would connect industrial parks, logistics hubs and manufacturing centres with major transport gateways, forming an integrated rail freight system across northern Vietnam
CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less • Preliminary investment in the project is estimated at up to $3.5 billion, the statement said • The project could help ease pressure on road transport, improve freight efficiency and expand options for import-export and cross-border trade, it added • In 2025, A.P. Moller-Maersk and Hateco opened the Hateco Hai Phong International Container Terminal, an around $400 million deep-water container port in northern Vietnam
- Preliminary investment in the project is estimated at up to $3.5 billion, the statement said
- The project could help ease pressure on road transport, improve freight efficiency and expand options for import-export and cross-border trade, it added
- In 2025, A.P. Moller-Maersk and Hateco opened the Hateco Hai Phong International Container Terminal, an around $400 million deep-water container port in northern Vietnam
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