Vietnam was highlighted as a growing significant destination for supply chain diversification among China and other countries at the event themed 'Beyond Boundaries - China and Vietnam Supply Chain Opportunities' held on June 14 in Shanghai.
Organised by GLP-SLP, a global business builder, owner, developer, and operator of logistics, real estate, data centres, renewable energy, and related technologies, the event addressed the growing market demand and expansion plans of customers.
According to Kent Yang, chairman of SLP Vietnam and a veteran of GLP China management, Vietnam is in the right place at the right time.
“There are many synergetic opportunities that can be created between Vietnam, China, and other countries. We want to be impactful and actively engage, lead, and help the process,” said Yang.
The event drew a large turnout from key logistics, industrial, manufacturing, and retail partners. With insights from industry experts, the event provided a unique platform to share Vietnam's advantages and opportunities as a business destination.
Attendees included representatives from COSCO, J&T, Pinduoduo, Best Logistics, China Post Group, UPS, CTS International Logistic, IKEA, and Good Farmer.
Many of these companies expressed keen interest in establishing or expanding their presence in Vietnam, recognising GLP-SLP as their trusted partner of choice. They recognise Vietnam has firmly established itself as an attractive destination for international business and foreign investment, with robust fundamentals, with the region's fastest-growing economy.
As businesses increasingly seek alternative investment options in Asia, Vietnam has emerged as an ideal choice due to its proximity to China. The country serves as an attractive alternative base for establishing manufacturing and logistics centres near traditional Chinese hubs, reducing costs and minimising supply chain disruptions.
With operations spanning 17 countries globally, GLP possesses a vast global network and expertise to build businesses and deliver solutions that create value for its partners. GLP’s extensive experience, presence, and resources in China, coupled with SLP's local insights and operational excellence, positions SLP Vietnam as the one-stop partner and solution provider for investors and businesses looking to establish and thrive in Vietnam.
GLP-SLP has a long-term vision to grow with Vietnam and aims to be the bridge between influential investors and Vietnam.
In early 2022, SLP closed the $1.1 billion Vietnam Logistics Development Fund, one of the largest logistics development funds in Southeast Asia. SLP currently has nine projects in the greater Hanoi and Ho Chi Minh area, with a total buildable area of more than 900,000 square metres.
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Kent Yang, founding managing partner of SLP– an industry and logistics development and operation platform backed by GLP – spoke with VIR’s Van Ngoc about the logistics facilities and technology-led solutions that they provide in the Vietnamese market.