GLP to join Vietnam's warehouse market
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Hanoi (VNA), Oct. 23 -- GLP, Asia's biggest warehouse operator, is planning to cooperate with Vietnam's SEA Logistic Partners , or SLP, in a 1.5 billion USD new venture, reported Nikkei Asia Review.
GLP is registered in Singapore, managing 64 million square metres of logistics real estate spanning 16 countries.
It is planning to develop a total of 335,000 square metres of land around Hanoi and HCM City. These will be GLP 's first warehouses in Southeast Asia.
Vietnam has become attractive due to its ability to tame the spread of COVID-19 and keep its economy mostly open this year, according to Nikkei Asia Review.
"Many of our [corporate] members shared with us that, uniquely in Vietnam, they were able to maintain their operations," sa...
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