The Singapore-based Mapletree company held a ground-breaking ceremony for a new international logistics park at Vietnam-Singapore Industrial Park (VSIP) in the northern province Bac Ninh on Sept. 23.
Once completed, the 140 million USD Mapletree-Bac Ninh logistics park will provide 310,000 sq.m for warehousing to meet the company’s demand.
At the ground-breaking ceremony, Mapletree Chief Investment Officer Chua Tiow Chye said Vietnam was an attractive investment destination to Mapletree as it was an important market in Asia.
The Mapletree Bac Ninh project is part of the company’s strategy to expand business and investment in northern Vietnam.
Mapletree started its investment in Vietnam in 2005 with a 23,000 sq.m logistics park in VSIP I in the southern province of Binh Duong.
The company has developed two new projects in Binh Duong province – a 68-ha logistics park in VSIP II and a 75-ha hi-tech industrial complex area.
The operation of Mapletree Bac Ninh project will offer good service for VSIP Bac Ninh and other IPs in the province, creating an attractive and synchronous investment environment in the province, according to Deputy Head of Bac Ninh IP management board Bui Hoang Mai.
Bac Ninh IPs have so far licensed 435 projects, including 189 foreign-invested, worth 3.3 billion USD in total, Mai said./.
Once completed, the 140 million USD Mapletree-Bac Ninh logistics park will provide 310,000 sq.m for warehousing to meet the company’s demand.
At the ground-breaking ceremony, Mapletree Chief Investment Officer Chua Tiow Chye said Vietnam was an attractive investment destination to Mapletree as it was an important market in Asia.
The Mapletree Bac Ninh project is part of the company’s strategy to expand business and investment in northern Vietnam.
Mapletree started its investment in Vietnam in 2005 with a 23,000 sq.m logistics park in VSIP I in the southern province of Binh Duong.
The company has developed two new projects in Binh Duong province – a 68-ha logistics park in VSIP II and a 75-ha hi-tech industrial complex area.
The operation of Mapletree Bac Ninh project will offer good service for VSIP Bac Ninh and other IPs in the province, creating an attractive and synchronous investment environment in the province, according to Deputy Head of Bac Ninh IP management board Bui Hoang Mai.
Bac Ninh IPs have so far licensed 435 projects, including 189 foreign-invested, worth 3.3 billion USD in total, Mai said./.
