#Vietnam #Sembcorp Logistics #Sembcorp Development #CRI #Hai Phong

Introduction

The revitalization of logistics infrastructure in Vietnam is gaining momentum, particularly in the northern region. In a significant push towards enhancing logistics capabilities, Hankyu Hanshin Properties Corp. and CRI Co., Ltd., in collaboration with Singapore's Sembcorp Development Ltd., are embarking on the Sembcorp Logistics Park project in the Dinh Vu Industrial Zone, a burgeoning industrial hub. This ambitious project aims to expand the existing logistics facilities and cater to the increasing demand in both domestic and international markets.

Project Overview

The Sembcorp Logistics Park in Dinh Vu represents a strategic investment in the logistics sector, with an acquisition of land already hosting an operational warehouse of approximately 10,000 square meters. The project entails the construction of five new warehouses within the same site, projected to be completed by winter 2026. Upon completion, the project will add to Sembcorp Infra Services' portfolio, including a total of 17 warehouses across Northern and Central Vietnam, amounting to a rental space of approximately 240,000 square meters.

Current Logistics State in Vietnam

Vietnam's logistics industry has been witnessing a transformative phase, fueled by rapid economic growth and increasing foreign investments. The demand for efficient and modern warehousing solutions is critical to support e-commerce growth and the rising logistics needs of various sectors, from manufacturing to retail. The Dinh Vu site, strategically located near Hai Phong, Vietnam's largest port city, benefits from excellent access to major transportation routes connecting it directly to Hanoi, making it an ideal logistics hub.

Architectural and Operational Insights

The proposed six-building structure at the Sembcorp Logistics Park will be designed with modern construction practices and sustainable features. The total site area spans approximately 150,000 square meters, with plans to enhance sustainability through renewable energy sources such as solar and wind power.

Key Features of the Project

• - Total Area: 150,000 square meters
• - Number of Buildings: 6 (including one existing warehouse)
• - Leasable Area: 90,000 square meters (approximately 80,000 square meters for new warehouses and 10,000 square meters for the existing facility)
• - Start Date: June 2025
• - Completion Date: Winter 2026

Strategic Location Advantages

The Dinh Vu Industrial Zone is attracting attention for its strategic location and logistics capabilities. Situated in proximity to the city of Hai Phong, the site is well-connected through major highways to Hanoi and beyond. This positioning not only enhances domestic logistics but also facilitates international trade operations. The industrial park has received accolades for incorporating environmental considerations, such as reusing plastic waste and integrating renewable energy solutions. This commitment to sustainability aligns with global trends towards greener practices in logistics management.

Players Involved

Hankyu Hanshin Properties Corp.

Hankyu Hanshin Properties Corp. is headquartered in Osaka and has been pivotal in real estate development, managing a diverse portfolio that encompasses office and commercial leasing, property development, and area management.

Company Details:

• - Established: 124 billion yen in capital
• - Revenue: 1719 billion yen for the fiscal year ending in March 2025
• - Employees: 1,008

CRI Co., Ltd.

Operating out of Tokyo, CRI focuses on logistics facilities, providing leasing, management, and development services.

Company Details:

• - Established: 53 billion yen in capital
• - Revenue: 669 billion yen for the fiscal year ending in July 2024
• - Employees: 356

Sembcorp Development Ltd.

A subsidiary of Sembcorp Industries, Sembcorp Development has over 35 years of experience in industrial park development, making it a leader in transforming urban landscapes across Asia.

Company Details:

• - Location: Singapore
• - Capital: Approximately 23.18 million SGD
• - Employees: 57

Conclusion

The Sembcorp Logistics Park project signifies a pivotal step towards enhancing Vietnam's logistics infrastructure, positioning the region as a key player in the global logistics landscape. With strategic planning, investment, and a commitment to sustainability, this initiative is expected to not only boost the local economy but also meet the growing needs of businesses today and in the future.