We estimate seaports in Haiphong handled a total of 4.5 mn TEUs of containers in 2017, rising 11.1 percent YoY to reach an all-time high, accounting for 30 percent of total container throughput in Vietnam. CAGR 5 year from 2012-2017 was 11.3 percent. As an international terminal for import-export activities, we expect Haiphong’s container throughput for 2018 to reach 5 mn TEUs (+12 percent YoY) due to: (1) sustainable FDI growth, (2) Northern Vietnam to remain a large proportion of FDI flows into Vietnam.
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