Trent Iliffe’s Lo-Goi Takes on Haiphong Port JV in Northern Vietnam

Lo-Goi Group, the industrial specialist set up by Logos co-founder Trent Iliffe, is joining forces with Vietnamese conglomerate Xuan Cau Holdings to help develop an intermodal freight facility and industrial logistics estate at Lach Huyen Port in Haiphong.

Lo-Goi and a unit of Xuan Cau signed an agreement earlier this week on the first phase of a 200 hectare (494 acre) project at the deep-sea port in Vietnam’s third-largest city, the companies said in a release. The development will span at least 70 hectares inside the 2,000 hectare Lach Huyen Logistics, Industrial & Free Trade Zone adjacent to the port.

The tie-up represents Lo-Goi’s commitment to transforming Vietnam’s essential logistics infrastructure through a once-in-a-decade nation-building endeavour, according to Iliffe.

“With Lach Huyen Port’s strategic location and our team’s global intermodal experience, we are excited to co-develop a future-ready logistics hub that will anchor northern Vietnam’s emergence as a regional trade powerhouse,” said the Lo-Goi founder and managing director.

A Nation Evolves

The partnership aims to create northern Vietnam’s first fully integrated, high-tech intermodal gateway at Lach Huyen, fusing land, rail and deep-sea transport into one seamless network, the companies said.

The plan encompasses more than 350,000 square metres (3.8 million square feet) of Grade A warehousing and industrial space served by automated intermodal logistics systems and linked directly to national highways, the north-south rail spine and global shipping lanes.

The joint venture, which remains subject to various approvals, will speed the nation’s evolution into a high-value trade and supply chain hub, said Nguyen Vinh Hau, general director at Lo-Goi’s JV partner, Lach Huyen International Logistics & Industrial Park-Deepwater Port JSC.

“Partnering with Lo-Goi Group allows us to realise our long-held vision for Lach Huyen as an integrated, world-class industrial and logistics destination,” Nguyen said.

Next Gen Logistics

Iliffe launched the Lo-Goi business in 2024 with assets previously developed or acquired by Logos in Vietnam and India, following his exit from Logos parent group ESR. The reconstituted platform has 1 million square metres of properties owned and under development and total assets under management of more than $1 billion.

Lo-Goi’s assets include three industrial parks in Vietnam and five India properties, three of which were sold on to private equity titan Blackstone last December for $203 million with Lo-Goi continuing in a management capacity.

In Haiphong, Lo-Goi seeks to set a new standard for next-generation logistics, said Matthew Jackson, the company’s general manager for northern Vietnam.

“Our project isn’t just about setting a new industry benchmark; it’s designed to propel Vietnam’s economic growth and strengthen its global standing,” Jackson said. “By integrating advanced intermodal design, automation, and sustainability, we’ll deliver a scalable, resilient ecosystem that generates long-term value for manufacturers, exporters, and the wider regional economy.”