APM Terminals and Vietnam’s Hateco Group have signed a $1.7 billion agreement to develop a new container terminal in Da Nang, marking a major investment in the country’s port infrastructure and regional trade capacity. The project is expected to strengthen Da Nang’s position as a strategic maritime gateway in central Vietnam.
The planned terminal will enhance cargo handling capabilities, improve vessel turnaround times, and support growing container volumes driven by Vietnam’s expanding manufacturing and export sectors. Once completed, the facility is expected to accommodate larger vessels and improve connectivity with key global shipping routes.
Industry observers said the partnership combines APM Terminals’ global port operating expertise with Hateco Group’s local market strength, creating a strong platform for long-term growth. The investment also reflects rising international confidence in Vietnam as a supply chain hub amid shifting production trends in Asia.
Analysts noted that the Da Nang terminal could play a significant role in easing regional congestion, attracting new shipping services, and boosting trade-linked economic development across central Vietnam.