Thursday, November 21, 2024 8:37:31 PM - Markets closed
VN-INDEX 1,228.33 +11.79/+0.97%
HNX-INDEX 221.76 +0.47/+0.21%
UPCOM-INDEX 91.50 +0.41/+0.45%
SLP fuels northern Vietnam’s industrial growth with strategic developments
vietnamnews - 11/14/2024 9:29:11 AM
 (0 ratings. You must sign in to rate.)

As Northern Vietnam continues to experience rapid growth in manufacturing and logistics, the region is solidifying its position as a key industrial hub in Southeast Asia.

An aerial view of the SLP Park in the northern city of Hai Phong. — Photo courtesy of the firm

As Northern Vietnam continues to experience rapid growth in manufacturing and logistics, the region is solidifying its position as a key industrial hub in Southeast Asia.
 
This surge in demand for advanced logistics and manufacturing facilities is driving the development of modern, high-quality industrial facilities designed to meet the needs of a new generation of businesses.
 
Northern Vietnam, especially Hải Phòng, Bắc Ninh and Hưng Yên, is increasingly attractive for industries like electronics, automotive, logistics and e-commerce. With its major port access, skilled labour and expanding transport links, the region is ideally positioned to become a critical node in the global supply chain.
 
At the core of this growth is the demand for modern industrial facilities. Businesses are seeking high-quality warehouses and flexible factory spaces that can meet the demands of today’s fast-paced, technology-driven economy. These modern spaces not only require efficient design, layouts and advanced features, but also emphasise sustainability and operational optimisation.
 
As this industrial boom unfolds, SLP has become a leading player in meeting this demand. The company’s industrial projects in Northern Vietnam, including SLP Park Hải Phòng, SLP Park Bắc Ninh, SLP Park Yên Phong and SLP Park Nam Sơn Hạp Lĩnh, offer state-of-the-art facilities that cater to a wide range of industries.
 
A new benchmark in industrial facility standards
 
Vietnam's industrial sector has become a major driver of foreign direct investment (FDI) in recent years, with a growing number of multinational companies establishing operations in the country. Northen Vietnam, with its strategic proximity to both China and major Southeast Asian markets, is seen as a key gateway for international businesses looking to tap into the region’s manufacturing and logistics potential.
 
For businesses in industries like logistics, manufacturing or e-commerce, high-standard facilities offer the flexibility and scalability required to grow in the region’s rapidly expanding market. Leading developers like SLP focus on creating modern infrastructure with sustainability at the forefront, offering businesses an ideal foundation for long-term success.
 
SLP’s industrial projects are designed to meet the evolving needs of the modern economy, with flexible spaces that accommodate the most advanced manufacturing techniques, automated logistics and supply chain management systems, ensuring that businesses can set up operations quickly, while enhancing operational efficiency and sustainability. Facilities are designed with energy-efficient features, including LED lighting, natural lighting through skylight panels and motion sensors to reduce energy consumption.
 
Prime locations for global expansion  
 
SLP’s industrial projects are located at prime locations within Northern Vietnam’s most important economic zones, offering businesses direct access to key transportation corridors and major logistics hubs. SLP Park Hải Phòng, for example, is situated in the heart of the Hải Phòng seaport area, one of the busiest ports in Vietnam, offering an ideal location for companies focused on distribution, logistics and cross-border trade.
 
 
 
The grand opening ceremony of a bonded warehouse of Maersk - a global leader in logistics services at SLP Park Hải Phòng. — Photo courtesy of the firm
 
SLP Park Hải Phòng was recently selected as the location for the first own-licensed bonded warehouse in Northern Vietnam of Maersk, a global leader in logistics services, operating in more than 130 countries. This new facility is part of Maersk’s broader strategy to strengthen its logistics capabilities in the North of Vietnam, providing enhanced storage and distribution services for companies like Amazon.
 
Maersk’s decision to establish their first bonded warehouse at SLP Park Hải Phòng underscores the value of the park’s location and infrastructure quality, supporting both logistics providers and manufacturers scaling their operations in the region. This collaboration also marks the continuation of their global partnership, which spans across 11 locations in four markets.
 
Speaking at the bonded warehouse grand opening on October 31, the Area Managing Director of Maersk Mekong (Vietnam, Thailand, Cambodia and Myanmar), Kevin Burrell, praised the SLP Park facilities, noting its world-class standards and alignment with Maersk's capabilities and operational needs.
 
“We are proud to be Maersk’s partner in Vietnam,” said Edwin Chee, Chief Operating Officer at SLP. “Their choice of SLP Park Hai Phong for the first bonded warehouse in Northen Vietnam is a testament to the strategic advantages of our locations and our commitment to providing high-quality, flexible spaces that meet the needs of global businesses.”
 
As the demand for high-standard logistics and manufacturing facilities grows, SLP’s continued expansion across the region ensures that businesses have access to the infrastructure they need to thrive.
 
SLP is a leading developer of modern industrial and logistics infrastructure with a long-term commitment to Vietnam. As of April 2024, SLP’s portfolio comprises 11 state-of-the-art industrial facilities across six key provinces, covering nearly one million square metres, providing the best-in-class ready-to-built and built-to-suit facilities that support the success of its clients in Vietnam’s dynamic industrial landscape.
 
 
Read original article here
 
Newer News
08:52 VN must diversify its textile export markets
08:46 Shrimp exports surge in 10 months, generating US$3.2 billion
08:43 Vietnam aims to increase rice market share in Africa
20/11 Trade growth between Vietnam and Americas promoted by FTAs
20/11 Enterprises urged to tap potential to expand official exports to EU
19/11 Solutions discussed to ensure coal supply for electricity generation in 2025
19/11 Workshop seeks ways to attract Japan’s green investment to Vietnam
19/11 VN-UK trade continues to grow
19/11 Switzerland provides US$3.3 million to promote Vietnam's circular economy
19/11 Rubber exports to Malaysia grow by triple digits
Older News
13/11 Construction materials industry's revenue to reach $47 billion
13/11 Vietnam's digital economy continues to record double-digit growth: Report
13/11 Several provinces achieve record-breaking import-export growth
13/11 Vietnam lifts anti-dumping duties on imported cold-rolled stainless steel
13/11 Protectionism still a barrier for VN’s exports
13/11 New FDI capital invested in Ba Ria–Vung Tau doubles by October
13/11 Dual transition is an inevitable trend for Vietnamese business
13/11 Deo Ca to raise over $16.4 million from private placement
12/11 National Assembly deputies have been debating whether a 5 per cent VAT tax on fertiliser should be reintroduced during a season in Hà Nội.
12/11 First ESG real estate complex in Vietnam to be built in Da Lat
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,228.33 +11.79/+0.97%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.