March 29, 2024 | 15:18 GMT+7

SPX & Frasers Property to strengthen Vietnam’s infrastructure network

Two reach agreement on providing built-to-suit premium industrial space in Binh Duong province.

FPV & SPX strategic signing
FPV & SPX strategic signing

SPX, a logistics provider for cost-effective and reliable delivery services with a network covering Vietnam’s 63 cities and provinces, has signed an agreement with Frasers Property, one of the country’s leading diversified property developers, to provide a built-to-suit premium industrial space at the latter’s Binh Duong Industrial Park (BDIP) in southern Binh Duong province. Leveraging its international expertise in industrial property development, Frasers Property Vietnam’s facility will serve as SPX’s largest and most advanced automated sorting center in Vietnam’s south.

When fully completed, the center will span a total area of up to 106,000 sq m with a processing capacity of over 2.5 million parcels a day, featuring the latest automated goods sorting system.

The first phase of construction is scheduled for completion in 2025, with operations to commence within the same year. Once officially launched, the center 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.

“We are pleased to partner with Frasers Property Vietnam in our Binh Duong automated sorting center project,” Ms. Nguyen Kim Anh, Director of SPX, told the signing ceremony. “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 most advanced automated sorting center project in the south of Vietnam.”

“We are confident that the center’s strategic location at the BDIP, with ready access to key transport infrastructure, will enable SPX to expand our logistics operations quickly, professionally, and efficiently in Vietnam,” she added.

In addition to strengthening the infrastructure network, SPX will also continue to prioritize improving the customer experience in 2024 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 measures will contribute to cost optimization, increase operational efficiency, and fulfil the goal of making SPX a reliable supplier with fast and accurate logistics services in Vietnam’s e-commerce industry.

“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,” said Mr. Chong Chee Keong, General Manager of Industrial at Frasers Property Vietnam. “BDIP’s Premium Estates concept positions Frasers Property to meet the evolving requirements of tenants, and will enable us to capitalize on favorable 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 only a few developments in Vietnam to be LEED (Leadership in Energy and Environmental Design) certified, which recognizes healthy, efficient, and carbon and cost-saving green buildings.

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