{"id":3892,"date":"2007-08-13T10:18:00","date_gmt":"2007-08-13T10:18:00","guid":{"rendered":"urn:uuid:4bd719e6-175c-48e4-abee-e3e5d0ab0780"},"modified":"2025-03-06T07:31:32","modified_gmt":"2025-03-06T07:31:32","slug":"mapletree-scales-up-logistics-pipeline-with-new-logistics-parks-in-chinas-tianjin-port-and-vietnams-bac-ninh-province","status":"publish","type":"newsroom","link":"https:\/\/www.mapletree.com.sg\/vn\/newsroom\/mapletree-scales-up-logistics-pipeline-with-new-logistics-parks-in-chinas-tianjin-port-and-vietnams-bac-ninh-province\/","title":{"rendered":"Mapletree Scales Up Logistics Pipeline With New Logistics Parks In China’s Tianjin Port And Vietnam’s Bac Ninh Province"},"content":{"rendered":"\n
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Singapore<\/strong> \u2013 Mapletree Investments Pte Ltd (“Mapletree”) today announced that it has entered into a joint venture with a leading Tianjin port operator, Tianjin Port Development Holdings Limited (“TPD”), which is listed on the Hong Kong Stock Exchange, to develop an approximately 64 ha logistics park in the Dongjiang Bonded Harbour Area in Tianjin Port, China. Separately, Mapletree also announced that it has signed a non-binding Letter of Intent (\u201cLOI\u201d) with the Vietnam Singapore Industrial Park Pte JV Co Limited (\u201cVSIP JV\u201d) to acquire about 70-ha of land within the Vietnam-Singapore Industrial Park Bac Ninh (\u201cVSIP BN\u201d) near Hanoi, Vietnam to develop a logistics park.<\/p>\n\n\n\n

These announcements mark Mapletree\u2019s third logistics development in Vietnam and its fourth in China, underscoring the importance of these two countries in Mapletree\u2019s regional focus.<\/p>\n\n\n\n

Mr Hiew Yoon Khong, CEO of Mapletree said, \u201cBoth China and Vietnam are very important markets for us. The logistics sector in both countries is experiencing strong growth in tandem with their economic performances. In 2006, China\u2019s annual GDP growth at 10.7% was the highest in Asia, while Vietnam\u2019s annual GDP growth at 8.2%, made it the highest in South East Asia and the second highest in Asia. As a regional real estate player, we are constantly looking for opportunities to invest into real estate sectors that will benefit from these growth prospects. On the logistics real estate sector, we intend to continue expanding our presence in key manufacturing, port and airport hubs across Asia.”<\/p>\n\n\n\n

He added, \u201cWe are pleased to partner TPD, one of the main port operators in Tianjin Port, to develop the first bonded logistics park in the Dongjiang Bonded Harbour Area, as well as collaborate with VSIP JV yet again on our third logistics development project in Vietnam. These two projects will further entrench us as a leading player in servicing the real estate needs of the logistics sector in both the Tianjin area and Vietnam.”<\/p>\n\n\n\n

Mr Hiew further added, “As the sponsor of Mapletree Logistics Trust, Mapletree is committed to build up the pipeline of new logistics assets which will be offered to the Trust when completed. This is especially important in emerging markets where the supply of such completed investment grade assets is still insufficient. These two new projects in Tianjin and Hanoi will add onto the six existing development projects that Mapletree is developing in China, Vietnam and Malaysia; and we will continue to scale up this pipeline with new projects.”<\/p>\n<\/div>\n<\/div>\n","protected":false},"featured_media":189,"template":"","meta":{"_acf_changed":false,"_trash_the_other_posts":false,"ep_exclude_from_search":false,"editor_notices":[]},"tags":[665,114],"newsroom-category":[112,1135],"csr-category":[],"class_list":["post-3892","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","tag-665","tag-news"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nMapletree Scales Up Logistics Pipeline With New Logistics Parks In China's Tianjin Port And Vietnam's Bac Ninh Province - MIPL Vietnam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-scales-up-logistics-pipeline-with-new-logistics-parks-in-chinas-tianjin-port-and-vietnams-bac-ninh-province\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mapletree Scales Up Logistics Pipeline With New Logistics Parks In China's Tianjin Port And Vietnam's Bac Ninh Province - MIPL Vietnam\" \/>\n<meta property=\"og:description\" content=\"Singapore \u2013 Mapletree Investments Pte Ltd (“Mapletree”) today announced that it has entered into a joint venture with a leading Tianjin port operator, Tianjin Port Development Holdings Limited (“TPD”), which is listed on the Hong Kong Stock Exchange, to develop an approximately 64 ha logistics park in the Dongjiang Bonded Harbour Area in Tianjin Port, China. 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