S Korea’s Lotte begins building $34 mln cold logistics center in Vietnam
Lotte Global Logistics Vietnam, under South Korean chaebol Lotte, kicked off the construction of a $34 million cold chain center in the southern province of Dong Nai on Thursday.
Covering 5.5 hectares in the Nhon Trach 6 Industrial Park, the facility will offer services of transportation and storage, with a cold and normal temperature distribution logistics center, bonded warehouses, and a delivery center. The facility is set to enter full-scale operation from May 2026.
Lotte Global Logistics Vietnam holds a groundbreaking ceremony in Dong Nai province, southern Vietnam, March 20, 2025. Photo courtesy of the firm.
Prior to the Dong Nai facility, Lotte Global Logistics Vietnam has invested in cold storage facilities in neighboring provinces of Long An, Binh Duong and Vinh Long, and cities of Hanoi and Ho Chi Minh City. Lotte Global Logistics Vietnam started investing in Dong Nai in 2021.
Speaking at the ceremony, Dong Nai Chairman Vo Tan Duc said the storage investment of Lotte is in line with Dong Nai’s strategy of becoming a logistics hub for the southern region.
Vietnam attracted $502.8 billion in registered FDI as of end-2024. Dong Nai ranked fourth among all localities with $37.6 billion, according to data.
The province, as a key industrial hub of Vietnam, now has 32 operational industrial parks covering over 6,000 hectares, with the occupancy rate at 86%. The province's masterplan now has 48 industrial parks of 18,000 hectares
- Related News
- Read More
Becamex-Thaco consortium eyes $4.7 bln metro line project in southern Vietnam
A consortium between two industrial giants, Becamex IDC and Thaco, has proposed investing more than VND124 trillion ($4.71 billion) to build two metro lines connecting Ho Chi Minh City's center with the adjacent Binh Duong ward, in a move that could reshape transport links across Vietnam’s southern economic hub.
Infrastructure - Tue, April 7, 2026 | 5:02 pm GMT+7
Sovico-HDBank consortium proposes $1.84 bln landmark tower in HCMC int’l financial center
A consortium comprising Vietnam’s private conglomerate Sovico Group and HDBank (HoSE: HDB) has proposed investing $1.84 billion to develop a 99-story financial tower in Ho Chi Minh City, intensifying competition to shape the skyline of Vietnam’s planned International Financial Center.
Real Estate - Tue, April 7, 2026 | 4:48 pm GMT+7
Le Minh Hung elected as Vietnam's Prime Minister
The National Assembly, Vietnam's legislature, has elected Le Minh Hung, head of the Party Central Committee's Organization Commission, as Prime Minister for the 2026-2031 term.
Politics - Tue, April 7, 2026 | 3:23 pm GMT+7
USD/VND exchange rate remains under upward pressure amid inflation risks
The Vietnamese dong is facing persistent pressure against the U.S. dollar, as rising import-driven inflation risks complicate policymakers’ task of balancing price stability, exchange rate management and economic growth.
Banking - Tue, April 7, 2026 | 1:46 pm GMT+7
Heavyweight investors to shape southern Danang’s industrial future
A wave of major corporations, including Thaco, Geleximco, and Bin Corporation, is accelerating investment in industrial zones in the southern part of Vietnam's central hub Danang city, helping to shape a green, modern, and high value-added industrial ecosystem.
Industries - Tue, April 7, 2026 | 11:42 am GMT+7
Vietnam's Party chief To Lam elected State President
To Lam, Vietnam's Party General Secretary - the highest position in the country, has been elected as State President for the 2026-2031 term.
Politics - Tue, April 7, 2026 | 10:05 am GMT+7
After Petrovietnam divestment, Petrosetco reveals major ambitions, prepares to welcome strategic investors
Following the divestment by state-owned giant Petrovietnam, Petrosetco is preparing for its biggest moves in years: increasing charter capital to over VND2.6 trillion ($98.71 million), investing in real estate, and entering water infrastructure projects.
Companies - Tue, April 7, 2026 | 8:55 am GMT+7
Real estate major FLC kicks off $760 mln project in central Vietnam
Vietnam’s major real estate developer FLC Group on Saturday broke ground on a nearly VND20 trillion ($760 million) golf, entertainment, resort and urban area complex in Gia Lai province.
Real Estate - Mon, April 6, 2026 | 10:57 pm GMT+7
Gold trading major Bao Tin Minh Chau's founder subject to legal proceedings for alleged accounting violations
Legal proceedings have been launched against Vu Minh Chau, founder and majority owner of Hanoi-based gold trading firm Bao Tin Minh Chau, for alleged violations of accounting regulations during business operations, police said on Monday.
Society - Mon, April 6, 2026 | 5:57 pm GMT+7
Southern Vietnam-based Hyosung Vina Chemicals losses persist despite capital injection
Hyosung Vina Chemicals, the Vietnam arm of South Korean chaebol Hyosung, reported another year of heavy losses in 2025, underscoring persistent financial strain despite a significant capital injection from its parent group.
Companies - Mon, April 6, 2026 | 5:08 pm GMT+7
Petrolimex expects record revenue, profit drop in 2026 amid energy transition pressures
Petrolimex, Vietnam’s largest gasoline retailer, is targeting record revenue in 2026 even as profitability comes under pressure, highlighting the mounting challenges traditional fuel distributors face amid the energy transition and tightening policy environment.
Companies - Mon, April 6, 2026 | 4:24 pm GMT+7
Vietnam’s auto assembler TMT targets 3-fold profit surge, bets on electric pivot
Vietnamese auto assembler and distributor TMT Motors (HoSE: TMT) targets a sharp jump in profitability in 2026 as the company accelerates a strategic pivot toward electric vehicles.
Companies - Mon, April 6, 2026 | 4:10 pm GMT+7
MB targets 30-35% annual credit and deposit expansions, 15% profit growth for 2026
Military Commercial Joint Stock Bank (MB) aims to grow its loan book and capital mobilization by 30-35% annually over 2026-2028 as Vietnam’s economy is expected to sustain strong momentum, said chairman Luu Trung Thai.
Banking - Mon, April 6, 2026 | 1:59 pm GMT+7
Tran Thanh Man re-elected as Vietnam National Assembly Chairman
Tran Thanh Man has been re-elected as Chairman of the National Assembly, Vietnam's legislative body, for the 16th tenure after securing unanimous approval from lawmakers.
Politics - Mon, April 6, 2026 | 1:47 pm GMT+7
New Vietnamese legislature’s first session to elect key leaders
The first session of the 16th National Assembly, Vietnam's legislature, opened in Hanoi on Monday morning, focusing on electing new key leaders to steer the country in the next five years.
Politics - Mon, April 6, 2026 | 9:34 am GMT+7
Vietnam’s FDI disbursement hits 5-year high in Q1
Vietnam received $5.41 billion in implemented FDI capital for Q1/2026, up 9.1% year-on-year and marking the highest level for the quarter in five years.
Economy - Mon, April 6, 2026 | 8:38 am GMT+7
