The market for cold chain logistics in Vietnam, with its available potential, can grow strongly in 2023. However, in order to make a breakthrough compared to other countries in the region, it is necessary to overcome existing challenges. Businesses need to have a reasonable investment direction to generate high profits.
The current state of cold chain logistics in Vietnam
In recent years, cold chain logistics has made strong developments. Derived from a sharp increase in export volume of agricultural and aquatic products; a consumption trend of imported products, organic food, and F&B franchised stores; demand for distribution of pharmaceuticals, vaccines, and biological products to meet the medical examination and treatment needs of the people.
To meet the demand for goods preservation, Vietnam’s cold chain market has been greatly invested. Cold storage is most developed in the southern region due to the concentration of most seafood export and import enterprises. Typically, places such as Long An, provinces in the Mekong Delta,…
Therefore, cold storage has a much higher rental price than conventional warehouses currently. Even as high as 100%, depends on equipment and facilities to ensure product freshness. Cold storage rental price ranges from 45-90 USD/m2. For pharmaceutical storage, about 45-160 USD/m2.
However, looking at reality, the cold chain logistics market still faces many challenges that the government and businesses have to solve, such as lack of infrastructure and technology, unspecialized human resources, The cost of implementing a system is high, and regulations and policies are still limited.
The potential of cold chain logistics services in Vietnam
Although still facing many challenges, the cold chain logistics in Vietnam are still considered to have strong development potential in the coming years.
Vietnam’s location in the middle of Southeast Asia makes it a good place to ship refrigerated goods to other countries in the area. Large seaports and airports such as Hai Phong Port, Cat Lai Port, Tan Son Nhat Airport, and Noi Bai Airport will help cold chain logistics activities be implemented effectively.
With the development of the economy, the demand for cold goods in the fields of food, medicine, cosmetics, seafood, etc. is increasing day by day. By the end of December 2022, seafood exports would have reached 11 billion USD, up 23% compared to last year. This requires the support of cold-chain services to ensure the quality and safety of goods.
The government has introduced many policies to support and encourage investment in this field, such as reducing taxes, supporting investment capital, and creating favorable conditions for businesses. These policies will help attract investment from domestic and foreign enterprises, contributing to the development of this industry.
The e-commerce market is thriving, creating more demand for refrigerated freight from distribution centers to customers. Therefore, logistics services must also apply high technology to meet the needs and time of transportation at home and abroad.
With strong potential, cold chain logistics services are expected to develop further in 2023. Create conditions to promote the cold chain market in Vietnam so that it becomes bustling with FDI inflows in this field.
Read more: Is Manufacturing in Vietnam Worth It? Weighing the Pros and Cons of manufacturing in Vietnam
Savills Vietnam – Specializes in providing leading cold chain logistics services chosen by food manufacturers
Savills Vietnam is one of the leading companies in the field of providing real estate services, with a proven track record of delivering high-quality solutions for clients seeking industrial real estate projects, particularly those related to cold chain logistics.
Food manufacturers choose Savills Vietnam as a partner because the company has high-quality management standards and modern equipment and technology to ensure product safety and quality. Such as Masan Group, Vinamilk, Unilever,…
Whether it is leasing, buying, or selling industrial real estate, Savills Vietnam has the expertise and resources to help clients achieve their business goals. This team consists of experts in logistics, transportation, logistics, engineering, and related fields to meet customer requirements.
– Total area: 21,700 m²
– Vacant area: 13,782 m²
– Ambient storage area: 12,000 pallets ~ 8,000 tons of good
– Cold storage area: 14,000 pallets ~ 10,000 tons of good
– Established – Lease term: 2021 – 2058
– Price: Contact Savills
– Total area: 278,000 m²
– Vacant area: 54,000 m²
– Minimum Lease term: 03 years
– Unit size: 2400 – 5000 sqm
– Price: Contact Savills
– Total area: 23,000 m²
– Vacant area: 14,000 m²
– Min lease term: 3 years
– Clear height: 9 m
– Platform height: 1.3 m
– Floor loading: 3 tons / m²
– Price: Contact Savills
– Total area: 132000 m²
– Vacant area: 60,000 m²
– Minimum lease term: 05 years
– Deposit: 06 Months rent
– Price: $4/m²
Read more: Efficiency and Innovation Combined: The Smart Factory in Ho Chi Minh Takes the Lead in Industry 4.0
Cold chain logistics in Vietnam is an area with strong growth potential in Vietnam. Businesses and governments need to work together to facilitate the investment and development of this service while ensuring quality and efficiency in operations.
If you are in need of renting cold storage with preferential prices and maximum support services suitable for each field of food production, please contact Mr John Campbell – 0986.718.337 or a Savills Vietnam Consultant; we offer the right rental solutions for you
In addition, you can refer to Savills’ industrial real estate projects here.