FECON’S IMPRINT ON VIETNAM’S MOST MODERN SEAPORT

The inauguration of Lach Huyen Port marks a significant milestone in Vietnam’s maritime sector, contributing to the promotion of international trade and economic development. It also stands as a compelling testament to the capabilities of Vietnamese enterprises—particularly FECON, the contractor for several key components of the project.

Also known as the New Hai Phong Port, Lach Huyen is the first deep-water seaport in Northern Vietnam capable of accommodating ultra-large container vessels of up to 18,000 TEUs. With a modern wharf system and a navigational channel depth of 14 meters, the port enables direct operation of mother vessels to Europe and the Americas without transshipment at foreign ports.

FECON was responsible for the complete construction of the yard system, onshore infrastructure, and ground improvement for Berths No. 5 and 6 at Lach Huyen Port.

The port’s commissioning not only addresses the overcapacity issues at the existing Hai Phong Port but also significantly enhances Vietnam’s connectivity to international shipping routes. As a critical link in the Hanoi – Hai Phong – Quang Ninh economic triangle, it is expected to strongly drive import-export activities, industrial zone development, and logistics services throughout Northern Vietnam.

Lach Huyen Port is anticipated to become one of the nation’s major logistics hubs, advancing the strategic goal of positioning Vietnam as a regional transshipment center in Southeast Asia during the 2025–2030 period.

FECON’s Mark on the Billion-Dollar Project

Playing a vital role in the port’s construction, FECON (Ticker: FCN, listed on HoSE) executed the entire yard system, onshore infrastructure, and ground improvement for Berths No. 5 and 6 at the Lach Huyen terminal. Valued at over VND 1,100 billion, this contract encompassed some of the largest and most technically demanding packages of the project, which is invested by HATECO Group.

A noteworthy highlight was FECON’s pioneering use of RAS (Rotating Aggressive Soil-cement) column technology for ground improvement. This advanced geotechnical solution enhances soil stability and load-bearing capacity in the weak coastal soils characteristic of the region, while also reducing the construction timeline by up to six months compared to conventional methods.

Mr. Hoang Dinh Tuan, CEO of HATECO Group, emphasized:

“Construction of the yard and onshore infrastructure is one of the most critical work packages of the project. We entrusted this task to FECON—Vietnam’s leading contractor in ground engineering and infrastructure—and they successfully completed it on schedule for trial operations in Q1/2025, meeting the stringent technical standards of an international seaport project.

This success not only affirms the company’s execution capability on large-scale projects but also highlights its technological autonomy, thereby elevating the role of Vietnamese contractors in strategic infrastructure development.”

Driven by the National Seaport Development Strategy

Lach Huyen Port is among the key projects under Vietnam’s Master Plan for Seaport Development for the 2021–2030 period, with a vision to 2050 (Decision No. 1579/QĐ-TTg). The plan envisions the development of five main seaport clusters, with Hai Phong – Quang Ninh serving as the northern hub and the country’s primary logistics and export-import gateway.

To meet the projected cargo volume of 1.14–1.423 billion tons by 2030, the government aims to mobilize approximately VND 313 trillion for port infrastructure development. Notably, non-budgetary sources such as private and foreign direct investment (FDI) will serve as key drivers, alongside the promotion of Public-Private Partnership (PPP) models.

The deep involvement of domestic firms like FECON in technically complex work packages helps reduce reliance on foreign contractors and creates opportunities for the development of Vietnam’s own construction engineering workforce. This serves as a model for a self-reliant construction industry capable of meeting modernization and international integration requirements.

Expanding Footprint in National Seaport Projects

Beyond Lach Huyen, FECON is also participating in several other strategic seaport projects nationwide, including Baria Serece Port (Vung Tau) and My Thuy Port (Quang Tri). At My Thuy—an important trade gateway connecting Central Vietnam and Laos—FECON is the EPC contractor for two main berths, applying state-of-the-art construction technologies to ensure foundation quality. This reflects the company’s methodical strategy and execution capacity in logistics infrastructure.

Mr. Pham Viet Khoa, Chairman of the Board at FECON, shared:

“Infrastructure development is one of FECON’s strategic objectives, with a focus on seaports, airports, high-speed rail, and urban railways. With our technological strengths, a highly experienced expert team, and general contractor capabilities, FECON will continue to contribute to nationally significant infrastructure projects.

This strategy aligns with Vietnam’s deeper integration into the global supply chain. Modern port infrastructure not only drives trade but also lays the foundation for the growth of supporting industries, processing, and export sectors, boosting national economic performance. In this context, the leadership of domestic enterprises like FECON delivers not only economic value but also plays a crucial role in shaping a modern, sustainable logistics system for Vietnam.