BW breaks ground for new logistics centre in Bac Ninh

Lance Li, CEO of BW commented that this new project in VSIP Bac Ninh 2 is part of its key strategy to accelerate the expansion of footprint in Northern Vietnam to meet increasing customer demand.

“It will be our first double-storey project in the North, among several more to come, and our first warehouse project in Bac Ninh province. With its proximity to Hanoi city and seamless connectivity to a modern highway system, it holds immense potential to become a crucial logistics hub for 3PLs, e-commerce, and retail enterprises,” said Li.

Strategically located in Bac Ninh, the project features a modern institutional grade double-story logistics facility spanning a gross floor area of 112,000 sq.m. This project, scheduled for completion in Q1/2025, is BW’s first project launched for development in 2024.

With direct toll-free access through Hanoi – Thai Nguyen Highway, the facility is located a mere 45 minutes from Hanoi's central business districts and 30 minutes from Noi Bai International Airport, offering tenants remarkable accessibility and convenience.

In addition, the new project capitalises on the imminent infrastructure developments in the north, including the Ring Belt Road 4 Hanoi and Noi Bai – Lao Cai Highway, which when concluded in 2025, will further boost connectivity to the extensive road network in the north.

Furthermore, the site's attractiveness is accentuated by the presence of major foreign investors such as Samsung Group, Foxconn Group, Canon, Unilever, and Pepsi in the vicinity, making it an ideal logistics hub for industrial manufacturers as well as e-commerce companies and third-party logistics providers.

Featuring a clear ceiling height of 9m, three tonnes per square metre of floor loading capacity and direct ramp access, the double-storey project is meticulously designed to provide tenants with maximum operational efficiency.

The project is applying for LEED gold certification, marking the fifth green project to be developed by BW, showcasing BW’s commitment to sustainable development.

The site connects to major industrial zones such as Song Khe and Quang Chau in Bac Giang and Thai Nguyen

Through the execution of a consistent growth strategy since its establishment, BW has emerged as the leading for-rent industrial platform in Vietnam today, with over 9 million sq.m of prime industrial land across more than 51 projects in 11 key industrial provinces in Vietnam.

The latest project will add a total floor area of around 112,000sq.m to its portfolio, thereby expanding its current area to approximately 3.4 million sq.m of properties completed or under construction, reinforcing its dominant market position in Vietnam.

In recent years, BW has embarked on a transformative journey to facilitate and empower businesses to manufacture in Vietnam. The company is unwavering in its commitment to providing best-in-class solutions to customers while creating long-term value for stakeholders.

As a responsible corporate entity, BW has been an active contributor to the socioeconomic development of Vietnam, not only through providing exceptional industrial and logistics spaces, but also championing environmental sustainability.

As Vietnam's economy is forecast to rebound in 2023, industrial real estate developers are looking to capitalise on opportunities in the market.

As the demand for urban industrial space grows, on the back of the e-commerce boom, multi-story warehouses are currently gaining traction in Vietnam.

Top Vietnamese employers were honoured at the second Top 500 Vietnam Best Employers (VBE500) and Top 10 Vietnam Best Places to Work (VBW10) organised by Viet Research on December 8.

As the effects of climate change are becoming increasingly apparent and the race towards carbon neutrality intensifies, businesses are expected to play a more active role in reducing their carbon footprints.