Southern region scales up logistics investment

In mid-May, Binh Duong worked with the Vietnam Railways Corporation to discuss the plan to turn the Song Than railway station into a logistics centre for the province and the whole southeastern region.

Dang Sy Manh, chairman of Vietnam Railways, revealed that the Ministry of Transport is penning a scheme to enhance the international intermodal rail transport capacity. The plan encompasses eight stations, of which Song Than is planned to become a key cargo centre in the southern region.

Logistics projects in Binh Duong are operating effectively to meet the ever-increasing demands of goods supply chains

With strong advantages for industrial development, Binh Duong has determined the development of logistics services as a fundamental aspect to lure foreign investment, spurring regional links and international integration as it strives to become a logistics hub for the Southern Key Economic Zone.

Thanks to the robust pace of industrial park (IP) development, the province is deemed a fertile land for foreign-invested enterprises that trade in logistics.

In the province, the US equity fund Warburg Pincus and local partner Becamex IDC have planned to build a transborder e-commerce centre that spans 75 hectares.

In addition, several logistics projects from global players have come on stream, including an advanced goods sorting centre by Lazada in Song Than 1 IP and a bonded warehouse serving the timber industry in Nam Tan Uyen IP, the largest in Southeast Asia.

Binh Duong has set the target that logistics will become one of the spearhead sectors by 2045 and a game changer to drive local socioeconomic development.

Nguyen Van Danh, Deputy Chairman of Binh Duong People’s Committee, asserted that the province is committed to growing into a satellite logistics centre in the southeast, and that it would create improvements to facilitate firms’ efforts to develop green transport modes and participate in the global value chain.

For Dong Nai province, logistics has also witnessed robust changes and garnered great attention from investors.

In mid-February, Dong Nai People’s Committee approved a detailed plan for the Cainiao Dong Nai smart logistics centre in Trang Bom district.

The project, funded by Cainiao Network that belongs to the Chinese e-commerce giant Alibaba Group, spans 16.8ha, of which 9ha is for warehouse and goods storage services.

In light of Dong Nai’s development planning for the 2021-2030 period, with vision towards 2030, the province is set to turn logistics into a key sector and a motivating force for development.

Efforts will gear towards forming a logistics centre for aviation in the province by leveraging the advantages of Long Thanh International Airport, which is now under construction and is gradually shaping into a transborder e-commerce centre.

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