Japan's Kawanishi & MOL Logistics Invest in Vietnam's Toan Phat Logistics
Two Japanese companies, Kawanishi Warehouse and MOL Logistics, have recently become strategic shareholders of Toan Phat Logistics (TPL) in Vietnam. This move comes as the country's logistics sector experiences significant growth and expansion.
TPL operates a refrigerated warehouse in Tay Ninh province, located in the Mekong Delta region. Meanwhile, MOL Logistics Vietnam has established a system combining its transport network with refrigerated storage capabilities to meet the growing demand for cold chain logistics within the country.
In another development, Kuehne+Nagel and Lego Group have opened a new regional distribution centre in Dong Nam. This centre, which offers integrated solutions including pre-export storage and has obtained Halal certification, will process over 150 containers per week and have capacity for 33,000 pallets once fully operational by 2026. It will serve as a distribution hub for Lego's products manufactured in Vietnam and mainland China.
The Vietnamese logistics services sector is expected to contribute 6-8 per cent to GDP by 2030, with the outsourcing rate also rising to 6-8 per cent. This growth is driven by increasing demand, with freight volume reaching 1.67 billion tonnes in the first seven months of 2025 alone. To tap into this potential, A.P. Moller Capital, in collaboration with VinaCapital, has invested in and formed a strategic alliance with ALS Cargo Terminal.
These strategic investments and partnerships reflect the growing interest and confidence in the country's logistics sector. As the country continues to grow at an annual rate of 14-16 per cent, we can expect to see more such developments in the near future.
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