Sembcorp Logistics Park in Northern Vietnam Officially Completed

In a significant development for the logistics real estate sector in Vietnam, Sembcorp Logistics Park in the VSIP Hai Phong complex has officially been completed. This project is a collaboration between Hankyu Hanshin Properties Corp, CRIE, and Singapore's Sembcorp Development Ltd and its subsidiary, Sembcorp Infra Services Pte. Ltd. This new facility stands out as Vietnam’s first two-story warehouse under Sembcorp, with an impressive leasing space of approximately 20,000 square meters, making it the largest of its kind in the country to date.

Overview of the New Development

The completion of this prestigious logistics park adds to the region's growing portfolio of real estate designed to meet rising demand. The new facility is strategically situated in Hai Phong, Vietnam's largest port city, which enhances its competitive advantage for logistics operations due to proximity to essential transport networks, including major highways linking to the capital, Hanoi, and close access to both sea and air ports.

This project adds to the existing logistics properties already operational in Vietnam, which now total 12 completed buildings with a cumulative leasing area of approximately 160,000 square meters across both northern Hai Phong and central provinces of Quang Ngai and Nghe An.

Strategic Location and Access

The Sembcorp Logistics Park is located within the VSIP Hai Phong Industrial Park, developed under the support of both the Vietnamese and Singaporean governments. This ensures the area is equipped with high-quality hard infrastructure and facilities that cater to businesses seeking reliable logistics solutions. The industrial park is also noted for its exceptional customer service, further establishing its attractiveness to potential tenants.

Future Growth and Projects

Looking forward, an additional five buildings are expected to complete by winter 2026 at the Sembcorp Logistics Park in Dien Bho. Once finalized, this will bring the total number of completed properties to 17, with an outstanding total leasing area of around 240,000 square meters.

Companies Behind the Project

Hankyu Hanshin Properties Corp

Based in Osaka, Japan, Hankyu Hanshin Properties Corp has been a key player in property development and management, boasting a vast portfolio that includes commercial and residential properties. As of March 2025, the company reports a capital of 12.4 billion JPY and a revenue of 171.9 billion JPY. Their commitment to providing high-quality real estate and services is evident, making them an essential collaborator in notable ventures like Sembcorp Logistics Park.

CRIE Co., Ltd.

CRIE, located in Tokyo, specializes in logistics facility leasing and management, reinforcing their reputation in the industry with a capital of 5.3 billion JPY and revenues of 77.4 billion JPY reported in July 2025. Their expertise in this sector contributes significantly to the success of projects like the Sembcorp Logistics Park.

Sembcorp Development Ltd.

Headquartered in Singapore, Sembcorp Development Ltd. is a subsidiary of Sembcorp Industries and focuses on urban and infrastructure development across the Asian region. They have over 35 years of experience in building industrial parks, showcasing a strong track record of operational excellence aimed at boosting economic growth.

Sembcorp Infra Services Pte. Ltd.

This Singapore-based company plays a pivotal role in logistics real estate investment, further supporting new projects that enhance the infrastructure landscape in the region. Their capital, reported at 71.1 million USD, reflects their commitment to long-term service and collaboration in urban development.

With such a strong collaborative effort between these companies and the favorable developments in the logistics real estate sector, the Sembcorp Logistics Park stands as a monumental achievement for northern Vietnam, promising to enhance the efficiency of logistics operations in the area while contributing to the economic growth of the nation.