A.P. Moller-Maersk has opened a new logistics center in Bac Ninh, Vietnam to expand its presence in the North Vietnam market amid significant trade growth in the region.
Officially opened on December 11, 2019, the new warehouse measures 11,000 square meters and is strategically located inside the VSIP Industrial Park in Bac Ninh, within 25 kilometers to Hanoi center and 120 km to Hai Phong port, Maersk said in a release.
The fully Maersk-operated facility is equipped with the latest technology to enable automation and provide end-to-end warehousing and distribution solutions to North Vietnam customers, it said.
About 40% of the new warehouse is occupied by Turkish home appliances company Vietbeko, while the remaining capacity is filled by customers from various segments including automotive and fast-moving consumer goods.
“Maersk has a longstanding commitment to Vietnam and we are continuously reviewing our value proposition to ensure we offer competitive end-to-end solutions to fuel our Vietnamese customers’ business ambitions,” said Marco Civardi, Maersk Vietnam managing director.
“With our investment in this new logistics centre, we are proud to provide agile capacity and thus help facilitate the continuous trade growth and development of North Vietnam.”
Vietbeko’s head of supply chain Quang Le said Maersk’s new logistics center “not only marks an important milestone in our collaboration going forward but the investment is also a crucial step for North Vietnam to become a viable and globally competitive trade hub.”
Over the past five years, Vietnam has been in the fastest growing range compared to other Asian countries. In 2018, the country was ranked the eighth biggest export/import country in Asia. Based on this growth rate, Vietnam is expected to be ranked the fourth biggest export/import country by 2023.
North Vietnam is seeing continuous growth in electronics, automotive and retail segments.
Photo courtesy of Maersk