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BW announced the commencement of Vinh Loc 2 project in Long An

On November 9, 2023, in Binh Duong, BW, the leading logistics & industrial real estate developer in Vietnam, announced the start of construction of the Vinh Loc 2 project. Located in a strategic location of Long An province, pre-built two-storey warehouse has modern infrastructure with a total floor area (GFA) of 105,000m2.

Vinh Loc 2 is BW’s 9th project this year, affirming BW’s leading position in the industrial real estate market. The project is expected to be completed in December 2024.

RSL Group – Located in a prime location in Vinh Loc 2 Industrial Park, Long An, the ready-built warehouse project possesses a convenient transportation location. Located along the main route National Highway 1A and Ho Chi Minh – Trung Luong Expressway, less than 50 minutes’ drive from the southern city center and 75 minutes’ drive from Cat Lai Port. In addition, surrounded by neighboring industrial clusters such as Thuan Dao and Phuoc Long and with the presence of “Queen Bees” (large manufacturing enterprises with global scale), the project will attract many businesses. distribution, e-commerce, retail, cold storage and third-party logistics (3PL).

BW’s ready-built warehouse in Vinh Loc 2 will bring many potential opportunities for distribution, e-commerce, retail, cold storage and 3PL activities in the province.

BW announced the commencement of Vinh Loc 2 project in Long An rslgroup 1
BW announced the commencement of Vinh Loc 2 project in Long An 4

This is a two-storey warehouse project with a clear ceiling height of 9m, a floor load of up to 3 tons/m2 and a sloping ram integrated with the latest technology as well as high construction quality that meets sustainability standards. , to bring tenants maximum operating efficiency. With the goal of achieving the prestigious LEED Gold certification, the project will incorporate essential features such as solar street lights, LEED sanitary equipment and the use of low-emission materials. In addition, the project will be equipped with an ESFR sprinkler system that complies with NFPA 13 standards, replacing the Sprinkler automatic fire suppression system for storage shelves. The above strict construction standards are a testament to BW’s efforts to standardize warehouse products in the industrial real estate market and demonstrate this industrial real estate developer’s commitment to ensuring safety. environmental protection and sustainable development.

Mr. Lance Li, CEO of BW, said: “Ho Chi Minh City has great purchasing power, which helps satellite cities like Long An become an ideal logistics base, not only for companies selling retail and e-commerce but also for agricultural and seafood businesses serving the domestic market. Through the Vinh Loc 2 project, we also expand our land fund to the southwest of Ho Chi Minh City. to diversify segments and serve more customers, especially customers with mid-range budgets.”

Mr. Li added: “Vietnam has not been highly appreciated for its modern warehouse supply, especially international standard warehouses. Currently, the average amount of modern warehouses in Vietnam is only a small fraction of that. with countries like China and Korea. Therefore, logistics real estate still has a lot of room for development, especially in the context that the economy is benefiting from the wave of production and the rapid development of e-commerce and import-export activities far surpass other countries in the region. The e-commerce market is expected to grow at a CAGR of over 20% by 2025 according to the e-Conomy SEA 2023 report, Due to the rapidly growing middle class and high Internet usage rate of over 70%. Therefore, logistics dedicated to e-commerce in Vietnam is also forecast to grow by more than 2 million square meters to meet demand. High demand in the near future.”

BW announced the commencement of Vinh Loc 2 project in Long An rslgroup 2
BW announced the commencement of Vinh Loc 2 project in Long An 5

With a clear and consistent growth strategy since its founding, BW has become one of the largest logistics & industrial rental platforms in Vietnam today, with more than 8.5 million square meters of land in 40 projects located in 11 key industrial cities across Vietnam. This latest project will add approximately 105,000 square meters of GFA to BW’s portfolio, thereby expanding the current GFA to more than 3.0 million square meters completed or under construction, while strengthening its position leading the industrial real estate market in Vietnam.

BW announced the commencement of Vinh Loc 2 project in Long An rslgroup 3
BW announced the commencement of Vinh Loc 2 project in Long An 6

BW has begun its impressive journey 5 years ago, with the guiding principle being supporting businesses to establish or expand in Vietnam. The company is always committed to providing the best solutions for customers, while creating long-term value for stakeholders. As a responsible enterprise, BW has actively contributed to Vietnam’s socio-economic development, not only through providing high-quality logistics & industrial real estate platforms but also aiming to environmental protection.

Information about BW:

BW is Vietnam’s leading industrial and logistics real estate platform with more than 8.5 million square meters of industrial land in prime locations across 40 projects in 11 key industrial provinces across Vietnam. BW focuses on developing rental products, including modern warehouses and light industrial workshops, to quickly seize opportunities, with the outstanding growth of the manufacturing industry, the increase in domestic consumption and the rapid development of e-commerce. As of the first quarter of 2023, BW has committed investment capital worth more than 1 billion USD from prestigious investors and partners. At the same time, BW has also established a strategic partnership with “Ong Lord” (famous manufacturing brands with global scale), e-commerce platforms and logistics companies to meet the increasing demand in one of Asia’s fastest growing markets.