Samsung Welstory Completes New Logistics Center in Vietnam

A total floor area of 26,700㎡ in Bakrin area
Average 21% sales growth over 8 years in Vietnam
"Securing high-priced meal service clients, expanding food ingredient distribution"

Samsung Welstory announced on the 9th that it completed a new logistics center equipped with a cold chain system in Bac Linh, northern Vietnam, on the 8th.

Since establishing its Vietnam subsidiary in December 2014, Samsung Welstory has recorded an average sales growth rate of 21.4% over the past eight years, and plans to further accelerate its business expansion in Vietnam through the construction of this logistics center infrastructure.

The new logistics center in Vietnam was built on a site area of 37,000㎡ with a total floor area of 26,700㎡. It is the first cold chain logistics center in the catering industry in the northern region and is located within a large industrial complex, providing optimal location conditions that facilitate future business expansion.

Samsung Welstory Vietnam New Logistics Center Panorama

The Vietnam logistics center has established a cold chain logistics system throughout the entire process and also includes technical research facilities such as a food research institute and a cooking academy within the center. This enables in-house testing and analysis of residual pesticides and microorganisms in food ingredients, enhancing food safety and improving food and beverage R&D capabilities.

A Samsung Welstory official stated, "Through the new logistics center, we have secured proactive infrastructure to not only acquire high-value catering clients located in the northern industrial complex but also to expand the Vietnamese food ingredient distribution business, including specialty product trading based on Vietnam’s competitive food ingredients."

Last year, Samsung Welstory declared its vision as a "Global Food and Beverage Solution Leader" and expressed its determination to continuously strengthen competitiveness by using the new Vietnam logistics center as a foothold for its global business.

Jung Hae-rin, president of Samsung Welstory, who attended the logistics center completion ceremony, said, "The completion of this logistics center is significant as it establishes infrastructure to further solidify our position as the number one company in the food and beverage industry in Vietnam, where the economic growth rate is high." He added, "We will continue to lead innovation in Vietnam’s food and beverage culture and enhance our business competitiveness to realize our vision as a global food and beverage solution leader."

Meanwhile, since entering Vietnam in 2014, Samsung Welstory has achieved cumulative sales of approximately 860 billion KRW by last year, growing into the number one company in the group catering industry. Last year, it provided 73 million meals annually across about 90 business sites, recording sales of approximately 140 billion KRW.

Additionally, in the food ingredient distribution business launched in 2021, Samsung Welstory has shown growth based on high competitiveness by discovering excellent Vietnamese products and expanding global trading.

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