Maersk and Hateco sign Vietnam rail terminal development agreement

APM Terminals and Vietnamese company Hateco Group signed an agreement in Copenhagen on October 20, 2026, to build a rail freight terminal network in northern Vietnam. The signing happened during Vietnamese President To Lam's state visit to Denmark. The two companies plan to invest between $2.5 billion and $3.5 billion across their Vietnam operations. The network will include a large terminal in Haiphong and three more facilities in nearby provinces. These sites will handle and store cargo using digital technology. They will connect factories, industrial parks, and major transport routes. The agreement is not yet binding. Both companies will first carry out detailed studies on design, rail links, regulations, and funding before they make a final commitment.