News / FM Logistic rides the wave of business into Vietnam with warehouse development

French 3PL FM Logistic is expanding its footprint in Vietnam, building a new 52,000 sq metre warehouse near Hanoi.

The investment highlights the country’s rapid trade growth, driven in part by a US-China trade war which now looks set to resume in earnest.

Work on the $30m multi-client facility broke ground last month, with the first phase of 21,000sq metres expected to be completed by spring 2020.

Located in Bac Ninh, 20km from Hanoi, it will have storage space for 70,000 pallets, and ...