Monday, June 2, 2025 12:46:13 PM - Markets open
VN-INDEX 1,324.40 -8.20/-0.62%
HNX-INDEX 224.69 +1.47/+0.66%
UPCOM-INDEX 98.49 0.00/0.00%
Binh Duong Province starts construction of most modern automated sorting centre
vietnamnews - 7/17/2024 4:03:34 PM
 (0 ratings. You must sign in to rate.)
The southern province of Binh Duong began construction of an automated sorting centre yesterday that will be the most modern facility in the region when finished.
 
 
Authorities at the ground-breaking ceremony for an automated sorting centre of express delivery company SPX held on July 16 in Bình Dương Province. — VNA/VNS Photo Huyền Trang
 
 The southern province of Binh Duong began construction of an automated sorting centre on Tuesday that will be the most modern facility in the region when finished.
 
The centre is a collaborative project between SPX Express and Frasers Property Vietnam, a multinational owner-operator-developer of real estate products and services.
 
Set up in the Binh Duong Premium Industrial Park (BIDP) in the province’s capital of Thủ Dầu Một, the 10.6-hectare facility is equipped with the most up-to-date automatic sorting system that can process over 2.5 million parcels a day.
 
When the first phase is put into use in 2025, it will play a vital role in improving the logistics infrastructure in the country and creating jobs for thousands of local people, which helps foster the province’s economic growth.
 
Nguyễn Văn Dành, deputy chairman of the provincial People’s Committee, said: “Binh Duong has attracted many investments for the past few years, especially those from foreign countries. It has also created favourable conditions to call for investments in logistics infrastructure from leading businesses, with an aim to become a satellite logistics centre of the southeast region.”
 
With an investment of US$30 million, the centre is expected to bring development opportunities and contribute to the local and national economy, he added.
 
Dành said province authorities would continue to support investors to ensure stable production and business activities.
 
Bình Dương Province, one of the key southern economic hubs, has 29 industrial parks with a total area of 12,600 hectares, and it expects to have 17 more by 2050.
 
Among them, BIDP is Việt Nam’s first industrial park to be built based on the elevated industrial real estate model, with high quality industrial and logistics infrastructure.
 
Several factories placed in the park have also achieved the Leadership in Energy and Environmental Design certification for being green, sustainable, and operationally efficient.
 
Chairman of the provincial People's Committee Võ Văn Minh said Binh Duong has been upgrading and expanding industrial park infrastructure to attract investors while shifting its economic structure towards enhanced industrialisation and services.
 
The province has attracted nearly 4,300 projects with total investment capital of nearly $40.6 billion from 65 countries and territories as of May, ranking third in the country after HCM City and Hanoi. VNS
 
Read original article here
Newer News
31/05 Now or never: Việt Nam’s window to build a self-reliant, resilient economy
27/05 Foreign direct investment continues to pour into Việt Nam
27/05 Maritime transport maintains strong growth
26/05 Việt Nam offers investment potential amid global uncertainty
26/05 Enhancing presence of Vietnamese goods in ASEAN market is essential
20/05 Credit growth in HCM City hits $155b in first four months
16/05 Việt Nam’s plan to cut US car tariffs faces limited short-term impact
16/05 Việt Nam’s auto market gains momentum in early 2025
13/05 2025 FTA negotiation plan to be submitted in May
09/05 Fuel prices cut again
Older News
17/07 Vietnam Motor Show 2024 returns with tech focus, multidimensional experiences
17/07 NIC launches semiconductor design training programme with Qorvo, Cadence partnerships
17/07 Vietnamese electronics enterprises have low, small position in export supply chain
17/07 Vietnam expects next large wave of investment from South Korea
17/07 AMRO revises Vietnam’s 2024 growth forecast upward to 6.3%, the highest in ASEAN
17/07 Minister asks for FIATA’s support in dealing with increased shipping freights
17/07 Vietnam targets full mobile broadband coverage on highways, industrial zones by 2025
16/07 European firms remain confident in their long-term growth in Vietnam
15/07 Vietnam, France eye high cooperation prospects in hydrogen development
15/07 PM urges measures to remove obstacles to e-commerce
 
Newsletter Signup
Top Stories
Profit-taking pressure grows as market retreats
Open-end funds keep attracting capital inflows
Stock market upgrade expected by September
Stock market starts off May on a positive note as key stocks gain post-holiday
Việt Nam to launch KRX trading system on May 5
Market Update
Last updated at 12:45:01 PM
VN-INDEX 1,324.40 -8.20/-0.62%
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.