SLP, the Vietnam asset management unit of Singapore logistics infrastructure developer GLP, has delivered around 20,000 square meters of warehouse in SLP Park Xuyen A in Long An province to Vietnamese delivery company Giao Hang Nhanh.
This marks the first warehouse unit handed over to a customer as part of phase one of the SLP Park Xuyen A project in the southern province, which borders Ho Chi Minh City.
“Vietnam is regarded as one of the most promising logistics markets in ASEAN and is experiencing rapid growth in the e-commerce sector. Giao Hang Nhanh is our first customer in Vietnam,” SLP chairman Kent Yang said at the hand-over ceremony on Thursday.
Giao Hang Nhanh, after efforts to evaluate, found SLP Park Xuyen A is the best choice to form its main regional sorting warehouse in southern Vietnam, said Mai Hoang, chief operating officer of the delivery company.
“This is our most modern warehouse in Vietnam. We hope to continue to work with SLP for our expansion in other parts of the country,” he added.
The delivery firm is expanding its logistics infrastructure to increase its distribution capabilities in response to its growing demand, according to him.
SLP Park Xuyen A is about 25 kilometers from HCMC’s Tan Son Nhat International Airport, and 30km from the city’s center.
As of the end of 2022, SLP has developed seven projects in Greater Hanoi and Greater HCMC regions, with a total leasable area of more than 550,000 square meters.
In January this year, SLP launched the first Logistics Development Fund in Vietnam, GLP Vietnam Development Partners I, with a total investment value of more than $1.1 billion, making it one of Southeast Asia’s largest logistics development funds.