Ho Chi Minh City needs to develop a cold storage system and raw material storage areas for the food processing industry, the Food and Foodstuff Association of HCM City has said.
In the context of a booming cold storage logistics industry to serve vaccine distribution needs as well as growth in seafood processing and consumer demand, Vietnam’s cold storage logistics market is forecast to reach a value of 295 million USD by 2025, with an annual growth rate of 12 percent per year, said an expert.
Vietnam's cold storage real estate segment is developing and is expected to reach 295 million USD in 2025 with a growth rate of 12 percent a year, according to real estate consultancy Savills Vietnam.
The Asian Productivity Organisation (APO) and People’s Committee of the central province of Phu Yen signed an agreement on the funding of cold storage equipment package during an online ceremony on October 12.
Vietnam Airlines has offered to transport domestically free of charge 5 million doses of COVID-19 vaccine (11.5 tonnes) supplied by COVAX Facility - a mechanism set up by the World Health Organization (WHO), from March 15.
While 2020 is believed to have changed the real estate industry, trends in the sector this year are forecast to sustain or be aligned with demand in the market.
The COVID-19 pandemic has worsened the shortage of cold storage space in Ho Chi Minh City and surrounding areas as goods pile up as a result of lack of demand.
The Vietnam National Shipping Lines (Vinalines) said it has partnered with O’s&Tec Joint Stock Company of Japan to implement a cold storage project for the transportation of fresh food and fruits.
The Transimex Joint Stock Corporation officially put into operation its first international-standard cold/chilled storage unit at its logistics centre in Hoa Cam Industrial Zone (IZ) on August 3.
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