» » » Mapletree invests $70 million to build the third logistics park in Vietnam

VNRE - According to Mr Huynh Quang Hai, General Director of Vietnam-Singapore Industrial Park & Township Development Joint Stock Company (VSIP JSC), expected in late September, the Mapletree Bac Ninh Logistics Park project worth $70 million by Mapletree (Singapore) will be starting construction in VSIP Bac Ninh Integrated Township and Industrial Park.

This is the third logistics park that Mapletree invests in Vietnam. As planned, on the area of 55 hectares, Mapletree will develop the bonded and non-bonded warehouse, or built to rent. In this area, Mapletree will also build an Inland Container Depot (ICD). When complete, the logistics will provide about 280,000m2 of modern warehouse.

In last February, Mapletree received a certificate of investment in VSIP Bac Ninh. This logistics has strategical location in VSIP Bac Ninh, 20 km from Hanoi Capital, with convenient traffic to go to the seaport and airport, also very close to the border of Vietnam - China.

Reported by Nguyen Duc - VIR.

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