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Wednesday, July 24, 2024

SPX inks agreement with Frasers Property to strengthen infrastructure network in Vietnam market

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SPX, a logistics provider for cost-effective and reliable delivery services with a network covering 63 provinces across Vietnam, together with Frasers Property, one of Vietnam’s leading diversified property developers, have announced an agreement to provide a built-to-suit premium industrial space in Binh Duong Industrial Park (BDIP). Leveraging its international expertise in industrial property development, Frasers Property Vietnam’s built-to-suit facility will serve as SPX’s largest and most advanced automatic sorting centre in South Vietnam.

When fully completed, the centre will span a total area of up to 106,000 sq.m with a processing capacity of over 2.5 million parcels per day and feature the latest automated goods sorting system. The first phase of construction is scheduled for completion in 2025 with operations commencing within the same year. When officially launched, the centre is expected to contribute thousands of new job and economic opportunities to surrounding communities, aiding the overall development of Binh Duong Province and improving logistics infrastructure in Vietnam.

At the signing ceremony, Ms. Nguyen Kim Anh, Director of SPX said: “We are pleased to partner with Frasers Property Vietnam on our Binh Duong automated sorting centre project. With its extensive proven track record in developing sustainable and high-quality real estate development globally, Frasers Property is a trusted partner that can provide us with state-of-the-art industrial facilities to build the largest and the most advanced SPX’s automatic sorting centre project in South Vietnam. We are confident that the centre’s strategic location in BDIP with easy access to key transport infrastructure will enable SPX to expand our scale of logistics operations quickly, professionally, and efficiently in Vietnam.”

Ms. Nguyen Kim Anh also shared more on the company’s key objectives for 2024. In addition to strengthening the infrastructure network, SPX will continue to prioritise improving the customer experience by simplifying the process of handling customer support requests, shortening delivery times, and improving the quality and stability of services during seasonal peaks. All of these will contribute to cost optimisation, increase operational efficiency, and fulfil the goal of making SPX a reliable supplier with fast, accurate logistics services in Vietnam’s e-commerce industry.

Mr. Chong Chee Keong, General Manager of Industrial at Frasers Property Vietnam said, “Our partnership with SPX underscores Frasers Property’s commitment to providing unique customer experiences through modern and sustainable premium industrial estate design, which is complemented by dedicated support services throughout the customer lifecycle. BDIP’s Premium Estates concept positions Frasers Property to meet the evolving requirements of tenants and will enable us to capitalise on favourable demand drivers for industrial space in Vietnam.”

Frasers Property’s BDIP is the company’s first industrial park in Vietnam to incorporate its innovative industry-first Premium Estates concept. In addition to high-quality industrial and logistics infrastructure, Premium Estates offer amenities and green open spaces to support the well-being of building occupants with best-in-class sustainability and technology, providing assurance for the future-readiness of businesses. The industrial park is one of few developments in Vietnam to be LEED (Leadership in Energy and Environmental Design) certified, which recognises healthy, efficient, carbon and cost-saving green buildings.

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