Việt Nam’s cold storage landscape is localised and highly fragmented, with over 40 projects providing a total of 460,000 sq.m of cold chain warehouse space in 2022.
HCM City needs to develop a cold storage system and raw material storage areas for the food processing industry, the Food and Foodstuff Association of HCM City said.
In contrast to the slump before Tet, Vietnamese agricultural produce is soaring in price, bringing huge profits to any firm that has been keeping its fruit in cold storage.
There has been a sharp rise in demand for cold storage in the Asia-Pacific region which has pushed foreign investment into Viet Nam, strengthening the value of the local supply chain.
Cold storage facilities is a highly profitable segment in the logistics industry, but exploiting its potential is not easy for domestic or foreign investors.
The Covid-19 pandemic has worsened the shortage of cold storage space in HCM City and surrounding areas as goods pile up as a result of lack of demand.
The first Viet Nam International Port, Infrastructure and Logistics Exhibition & Conference (VIPILEC 2019) opened in HCM City on Wednesday with the participation of 100 exhibitors from 15 countries and territories.
The Transimex Joint Stock Corporation, listed in the HCM City Securities Exchange as TMS, officially put into operation its first international-standard cold/chilled storage unit at its logistics centre in Hoa Cam Industrial Zone (IZ) on Thursday.
Japanese company CLK Cold Storage Co Ltd on July 21 put into
operation its modern cold storage zone in Tan Dong Hiep Industrial Zone,
Binh Duong Province.