FM Logistic breaks ground on €30 million logistics platform in Vietnam

Once completed, the new multi-client facility will employ around 300 people and provide 52,000 sqm (560,000-square-foot) of storage space for up to 70,000 pallets. Completion of the first phase (21,000 sqm) is expected in spring 2020.

Among the customers interested in the Bac Ninh distribution centre is Brenntag, a global market leader in chemical distribution. "After one year of satisfying collaboration with FM Logistic in Bac Ninh, we have decided to expand the cooperation to temperature-controlled products. The new distribution centre will provide us with more space to absorb our important growth," says Vuong Le Minh, Supply Chain Senior Manager, Brenntag Vietnam.

The demand for logistics is rising in Vietnam, one of the world's fastest growing economies with a GDP growth of 7% in 2018. The increasing domestic manufacturing, the rise in wages and consumption, the young population and booming e-commerce are also driving the Vietnamese logistics market. This presents opportunity for international 3PL companies providing value-added logistics services and last-mile delivery.

The facility has been designed by FM Logistic's sister company NG Concept to handle a wide range of items, including temperature-sensitive products, fast-moving consumer goods, electronic appliances, spare parts and hazardous products. Services offered at the warehouse will include storage (whatever the temperature requirement), handling, co-packing (or value added services, as they are called in Vietnam) and distribution. The flow optimization inside and outside the facility make it suitable for high-demanding modern retail operations.

From May 2019, FM Logistic will also start operating a rented 6,500 sqm warehouse in An Phu, Binh Duong, less than 30km north of Ho Chi Minh City.

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