Although the financial terms of the transaction were not disclosed, Brooke Miller, Asia Pacific president at Lineage commented that partnering with SK Logistics is a remarkable opportunity for the company to continue delivering its cold storage solutions in the Asia Pacific region.
Vietnam will have profound opportunities in logistics chain development over the next 2-3 years and beyond if it can also address its shortcomings, according to participants at a summit jointly organised by Vietnam Investment Review and SLP Vietnam last week in Ho Chi Minh City.
Facing the trend of more large-scale manufacturers in the world planning to move production facilities to Southeast Asian countries, the demand for logistics services and warehouse facilities, in particular, is forecasted to have strong growth steps.
Frasers Property Vietnam currently owns more than one million square metres of factories and warehouses in key industrial areas in both the south and north and is accelerating investment in new projects.
Under the Decision approving the master plan for the development of the national airport network, Vietnam will establish 30 domestic and international airports in the 2021-2030 period and by 2050 will have 33.
The southern economic hub of Ho Chi Minh City will build seven new logistic centres from now to 2025, the municipal People’s Committee said on July 3. They include the Hi-Tech Park in Thu Duc ciy, Cat Lai, Long Binh, Linh Trung, Cu Chi, Hiep Phuoc, and Tan Kien. Besides, the city will also call for investment to four out of the seven logistics centres.
Vietnam's renewable energy sector is facing significant challenges, leading to concerns among investors and potential risks of bankruptcy. The director of the Legislative Institute, Nguyen Van Hien, highlights the abrupt shifts in renewable energy investment policies as a major contributing factor to these issues.
Việt Nam’s logistics industry is gaining recognition in the global market, with growing expectations that it will emerge as a “rising star” in Asia. This is due in large part to the country’s efforts to develop its supply chain industry and benefits from ‘China plus’ sourcing strategies of major multinational manufacturers.