Hyundai Glovis to Promote Vietnam Integrated Logistics Center Project with UPA

Attention on Southeast Asia Cold Chain Market

[Asia Economy Reporter Yoo Je-hoon] Hyundai Glovis is advancing a complex logistics center project in Ho Chi Minh City, the largest city in Vietnam.

Hyundai Glovis announced on the 14th that it signed a Memorandum of Understanding (MOU) with Ulsan Port Authority (UPA) to establish a complex logistics center in Vietnam. According to this agreement, both parties will build a complex logistics center on a 30,000㎡ site in the Ho Chi Minh port hinterland area and plan to begin full-scale operations as early as next year.

What both sides are focusing on regarding the operation of the complex logistics center is the cold chain market, a low-temperature distribution system. Due to the hot and humid climate conditions in Southeast Asia, establishing a cold chain is essential for transporting food and pharmaceuticals.

Additionally, the two companies plan to use the complex logistics center as a logistics base for automotive parts while also handling non-automotive logistics. They will provide comprehensive logistics services to small and medium-sized enterprises in various sectors such as textiles, food, and electronics entering Vietnam, supporting market development.

A Hyundai Glovis official stated, “We will strive for a successful settlement so that the Ho Chi Minh complex logistics center can expand as a business model applicable throughout Asia beyond Vietnam.”

This content was produced with the assistance of AI translation services.