Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Kim Bok-hwan) announced that it attended the groundbreaking ceremony and Memorandum of Understanding (MOU) signing ceremony for a state-of-the-art smart logistics center development project at Amata City Long Thanh Industrial Park in Long Thanh, Dong Nai Province, Vietnam, on May 28 (local time).
The project involves the development of factory and logistics warehouse leasing facilities on a 4-hectare site within Amata City Long Thanh Industrial Park, one of Vietnam’s leading industrial park developments. With a total project cost of approximately USD 41.3 million (KRW 56 billion), the project aims to establish a modern logistics hub to support the growing demand for industrial and logistics infrastructure in southern Vietnam.
Notably, approximately 70 percent of the facility will consist of cold storage warehouses, enabling the project to meet increasing demand for high-value logistics services, including food, pharmaceuticals, and fresh produce distribution. The facility is expected to serve as a key logistics infrastructure asset in southern Vietnam.
The project will be developed and operated by Jeil Construction. The PIS (Plant, Infrastructure, and Smart City) Fund, managed by Korea Investment Real Asset Management, and KIND will participate as co-investors. KIND will support the project by investing 10 percent of the project's equity.
The Long Thanh area, where the project is located, is emerging as a major logistics hub connecting Ho Chi Minh City, the under-construction Long Thanh International Airport, and Cai Mep Port, the largest deep-sea port in southern Vietnam. As airport operations commence and industrial park development accelerates, demand for logistics and warehousing services is expected to continue growing.
Through its participation in this project, KIND aims to support the successful implementation of Korean companies’ logistics infrastructure investments in Vietnam while creating opportunities for overseas expansion and stable investment returns. Building on this project, KIND also plans to strengthen its role as a gateway for Korean companies entering Southeast Asian markets in various sectors, including smart logistics, industrial parks, and data centers.