SEOUL — The Korea Overseas Infrastructure & Urban Development Corporation (KIND) has joined the development of a smart logistics centre in Long Thành High-Tech Industrial Park in the southern city of Đồng Nai, marking the latest expansion of the Republic of Korea (RoK)'s investment in Việt Nam’s logistics infrastructure sector.

According to KIND, the project has officially broken ground with a total investment of 56 billion Korean won (US$41.3 million).

The corporation said it will contribute 10 per cent of the project’s equity to support implementation. The logistics centre is being developed on a 4-hectare site within Amata City Long Thanh, an industrial park developed by Thailand’s leading industrial estate developer Amata Corporation.

The project will comprise rental factory facilities and modern logistics warehouses.

Notably, around 70 per cent of the total area will be dedicated to refrigerated and frozen storage facilities, positioning the centre as a key logistics hub serving growing demand from high-value sectors such as food processing, pharmaceuticals and cold-chain logistics in southern Việt Nam.

Jeil Construction will be responsible for the development and operation of the project. Funding is being mobilised through the Plant-Infrastructure-Smart City (PIS) Fund, a policy investment fund established by the RoK Government to support Korean companies investing in overseas infrastructure projects.

The fund is managed by Korea Investment Real Asset Management, with KIND participating as a co-investor.

A KIND representative said the investment will not only support Korean companies expanding into Việt Nam’s logistics infrastructure market but also create new overseas investment opportunities and generate stable long-term returns.

Long Thành is widely regarded as one of southern Việt Nam’s most promising growth areas, benefiting from its proximity to the under-construction Long Thành International Airport.

Đồng Nai is also one of Việt Nam’s largest industrial manufacturing centres, with convenient connectivity to HCM City, the Cái Mép – Thị Vải deep-water port complex and key industrial zones across the southern region.

As global supply chains continue shifting towards Southeast Asia, particularly Việt Nam, demand for cold storage, smart logistics services and specialised warehousing infrastructure is expected to grow rapidly.

The project reflects the broader trend of Korean companies expanding their presence in Việt Nam beyond manufacturing into logistics, industrial real estate and infrastructure services supporting regional supply chains. — VNA/VNS