Baker McKenzie Advises APM Terminals on First Seaport Investment in Vietnam

Baker McKenzie Vietnam has advised APM Terminals, part of A.P. Moller-Maersk, on its acquisition of a 49% stake in Hateco Hai Phong International Container Terminal ("HHIT"), the most advanced and the largest deep-water port in North Vietnam, comprising two new deep-water berths at the Lach Huyen area of Hai Phong City.

As detailed in the company's press release, APM Terminals will join the ownership of HHIT as minority shareholder and operating partner alongside the Hateco Group. The transition represents a significant milestone for the terminal, which has progressed from groundbreaking to becoming an efficiently operated facility capable of servicing vessels of up to 18,000 TEU. With its strategic geographical location, the terminal is well suited to facilitate direct import and export of goods between northern Vietnam and European and American markets.

The Baker McKenzie team was led by Partners Le Thi Thanh and Seck Yee Chung, supported by Senior Associates Ho Quyet Thang, Nguyen Vu Quynh Trang and Tokyo-based Partner Byron Frost.

Baker McKenzie is a leading global law firm with a broad M&A footprint, with more than 1,300 locally qualified and internationally experienced lawyers across over 40 jurisdictions. Our integrated teams collaborate across tax, competition, employment, IP, foreign investment and commercial practices to address the full legal and regulatory dimensions of a transaction, managing risk and delivering seamless support from structuring and carve-outs through to closing and post-deal integration.