The 11,000-square-meter warehouse, constructed by Mapletree Logistics, is strategically located inside the VSIP Industrial Park, about 25 kilometers to Hanoi and 120 kilometers from Hai Phong port. The Maersk-operated facility is equipped with the latest technology to enable automation and provide best-in-class warehousing and distribution solutions.
Approximately 40 percent 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 consumer goods. The Bac Ninh logistics center will enable Maersk to offer end-to-end solutions to northern Vietnam customers and better meet their specific requirements, the company said.
“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,” Marco Civardi, Maersk Vietnam managing director, said. “With our investment in this new logistics center, we are proud to provide agile capacity and thus help facilitate the continuous trade growth and development of north Vietnam.”
Over the past five years, Vietnam has been in the fastest-growing range relative to many of its Asian peers. In 2018, the country was ranked the eighth biggest export-import country in Asia, and based on this growth rate, Vietnam is expected to climb to fourth by 2023, Maersk noted. Key sectors are in retail, electronics and automotive.
As a global leader in shipping services, Maersk operates in 130 countries and employs approximately 76,000 people.
Maersk’s third-quarter earnings before interest, tax, depreciation and amortization (EBITDA) improved 14 percent to $1.7 billion. Revenue decreased 0.9 percent to $10.1 billion.