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30 Mar 2026

Baker McKenzie Advises APM Terminals on 49% Acquisition of Hateco Hai Phong International Container Terminal in Vietnam

"Baker McKenzie Vietnam advised APM Terminals (A.P. Moller–Maersk) on its acquisition of a 49% stake in Hateco Hai Phong International Container Terminal (HHIT) — the largest, most advanced deep‑water port in North Vietnam at Lach Huyen with two new berths and capacity for vessels up to 18,000 TEU — where APM will join Hateco as minority shareholder and operating partner. The deal enhances direct import/export links between northern Vietnam and European/American markets; the Baker McKenzie team was led by Partners Le Thi Thanh and Seck Yee Chung, supported by Ho Quyet Thang, Nguyen Vu Quynh Trang and Tokyo‑based Partner Byron Frost."

Baker McKenzie advised APM Terminals (part of A.P. Moller–Maersk) in the transaction. APM Terminals acquired a 49% stake in Hateco Hai Phong International Container Terminal (HHIT), a two-berth deep-water terminal at the Lach Huyen area of Hai Phong City — the largest and most advanced deep-water port in North Vietnam — making APM a minority shareholder and operating partner alongside the Hateco Group; the terminal can service vessels up to 18,000 TEU and is positioned to facilitate direct trade between northern Vietnam and European and American markets. The Baker McKenzie team comprised Partners Le Thi Thanh and Seck Yee Chung (team leads), Senior Associates Ho Quyet Thang and Nguyen Vu Quynh Trang, and Tokyo-based Partner Byron Frost. The press release specifies these lawyers and their seniority; individual practice areas were not provided.
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