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Asian giants retain grip of Vietnamese logistics sector

Asian giants retain grip of Vietnamese logistics sector 08:00 | 13/05/2021 There will be little change in current trends of mergers and acquisitions in Vietnam’s logistics industry this year as domestic players remain sellers and Asian investors continue to gain the upper hand. It is hoped that more European companies will become interested in Vietnam’s logistics arena via the EU-Vietnam Free Trade Agreement, photo Le Toan Nguyen Tuong, senior advisor to the Vietnam Logistics Business Association’s (VLA) chairman, two weeks ago sat in his small office chatting with has recently talked to a potential South Korean investor about the possibilities of buying stake in a Vietnamese logistics firm.

ESR and BW form joint venture for My Phuoc 4 IP in Vietnam

ESR and BW form joint venture for My Phuoc 4 IP in Vietnam 07:32 | 10/05/2021 ESR Cayman Limited (ESR), the largest Asia-Pacific-focused logistics real estate platform, and BW Industrial Development JSC (BW), the leading logistics and industrial real estate developer and operator in Vietnam, have entered into a development joint venture to develop and own My Phuoc 4 Industrial Park near Ho Chi Minh City. My Phuoc 4 IP will have approximately 240,000sq.m of logistics and light industrial facilities The partnership marks ESR’s entry into Vietnam, expanding the group’s Asia-Pacific footprint in the high-growth Southeast Asia region. My Phuoc 4 Industrial Park (the Park ), which will have a total of approximately 240,000 square metres of logistics and light industrial facilities upon completion, is located north of Ho Chi Minh City in the strategic Binh Duong market, a leading hub of industrial development in Southern Vietnam.

Hydrogen fuel cell maker Plug Power to expand operations with SK Group

Hydrogen fuel cell maker Plug Power to expand operations with SK Group 17:54 | 05/05/2021 Hydrogen fuel cell maker Plug Power, the leading provider of comprehensive hydrogen fuel cell turnkey solutions, is signalling interest in potential markets, including Vietnam, South Korea, and China through a joint venture with SK Group. Hydrogen fuel cell maker Plug Power will expand its operation in Vietnam, South Korea, and China through a joint venture with SK Group US-based Plug Power is planning to co-operate with South Korean behemoth SK Group through a joint venture to expand to these countries. According to Nikkei Asia, the two sides will set up a factory in South Korea by 2023 to produce fuel cells and electrolysers that extract green hydrogen from water using renewable energy.

SK mulling acquiring stakes in Monolith

SK mulling acquiring stake in Monolith Posted : 2021-05-05 15:16 By Yi Whan-woo SK Group is considering the acquisition of shares in Monolith, a U.S. company specializing in the manufacture of affordable, carbon-free hydrogen, according to industry sources, Wednesday. The possible acquisition comes as Korea s third-largest conglomerate pushes to become a global hydrogen energy giant, by creating a value chain of production, distribution and sales. SK Group s headquarters in central Seoul / Korea Times fileSK Group and its holding company SK both said that nothing has been decided regarding the acquisition. But sources knowledgeable about the matter said that SK Inc. will be in charge of the process, with the affiliate possibly purchasing the shares in the form of a strategic investment by spending a few million dollars.

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