The top three, Singapore’s Mapletree, global logistics real estate firm GLP’s subsidiary SEA Logistic Partners and BW Industrial, a joint venture between U.S. investment company Warburg Pincus and local developer Becamex IDC, accounted for nearly 1.79 million square meters, or 46%, of the leasable modern warehouse space, FiinGroup said in a recent report.

Mapletree has been expanding its warehouse portfolio aggressively with mega logistics hubs in Bac Ninh, Hung Yen and Binh Duong provinces, with each containing 12-24 warehouses, it said.

BW Industrial built 22 new warehouses in the northern and southern regions in 2020-22.

Domestic enterprises are also expanding but on a much smaller scale, with the three largest, ICDST, NPL Logistics and Gemadept, having 172,000, 126,000, and 114,000 square meters of space.

Driven by strong trade, manufacturing and retail, warehousing is the most attractive logistics segment, according to FiinGroup.

For the last four years the supply of modern warehouse space has been growing by 23% annually, reaching 3.9 million square meters in 2023, it said.

Another 25 warehouses are set to be completed before 2027, adding another 1.87 million square meters, it added.

Government fast-tracks enforcement of housing, real estate business laws

The Government on May 17 issued a Resolution approving the proposal to draft amendments to the Housing Law and the Real Estate Business Law, specifically Clause 1 of Article 197 and Clause 1 of Article 82, respectively.

Bac Giang innovates metrology to increase competitiveness for businesses

BAC GIANG – The provincial Department of Science and Technology has recommended many solutions to innovate metrology, thus promoting production development and improving competitiveness for local businesses.

Prime Minister chairs seminar with Chinese businesses

Prime Minister Pham Minh Chinh on May 14 chaired a seminar with representatives from 19 Chinese groups specialising in green economy and digital economy.

Number of agricultural businesses records positive increase

According to the General Statistics Office, in the first quarter of 2024, the country recorded more than 36,200 newly established enterprises, a year-on-year increase of 5.1%. Agro-forestry-fisheries is one of the industries reporting an increase of 10% in newly established businesses over the same period last year.

Event connects Vietnamese students with Korean businesses

About 450 students from universities in the Republic of Korea (RoK), including over 250 Vietnamese students, took part in an event held on April 28 to connect them with 15 companies and 20 business leaders from both countries.

Source: VnExpress