A.P. Moller-Maersk A/S, the second largest container shipping company in the world, signed an agreement with the Hateco Group on October 20, 2026, during the official visit of President To Lam to Denmark. This agreement was signed to develop a rail transportation terminal network in Vietnam with a substantial investment of $3.5 billion.
Project Details
APM Terminals, the port operations unit of A.P. Moller-Maersk, signed a memorandum of understanding with Hateco on Tuesday in Copenhagen. The proposed network includes a rail transportation terminal in Haiphong and three container facilities in northern provinces of Vietnam. The aim of this project is to connect industrial parks, logistics centers, and production areas to major transportation points.
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Economic and Transformational Achievements
This project comes as Vietnam is increasing investment in infrastructure to support its double-digit economic growth target. Vietnamese officials are seeking to attract more investment, technology, and expertise during this visit to Denmark. President Lam also met with other business leaders in Copenhagen, including executives from the Lego Group, Carlsberg, and Pandora.
Planned rail transportation projects are designed using digital technologies to enhance cargo management and warehousing, and will help connect to seaports and rail infrastructure. This project is expected to reduce road traffic and expand international transportation options.
Vietnam is investing billions of dollars to upgrade its transportation and logistics networks, with railways being a priority in these plans. The country, seeking to increase its production and export capacity, is looking to create stronger infrastructure to support its economic growth.
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