{"id":240290,"date":"2021-06-30T20:01:10","date_gmt":"2021-06-30T12:01:10","guid":{"rendered":"https:\/\/www.mingtiandi.com\/?p=240290"},"modified":"2022-08-15T14:48:59","modified_gmt":"2022-08-15T06:48:59","slug":"bw-industrial-on-vietnams-logistics-real-estate-mtd-tv","status":"publish","type":"post","link":"https:\/\/www.mingtiandi.com\/real-estate\/events\/bw-industrial-on-vietnams-logistics-real-estate-mtd-tv\/","title":{"rendered":"Logistics Takes Off in Vietnam as E-Commerce Booms: MTD TV"},"content":{"rendered":"<div class=\"container-lazyload container-vimeo js-lazyload--not-loaded\"><a href=\"https:\/\/player.vimeo.com\/video\/569396803?h=2c597be9b6\" id=\"569396803\" class=\"lazy-load-vimeo preview-lazyload preview-vimeo\" data-video-thumbnail=\"https:\/\/i.vimeocdn.com\/video\/1177510743-e5463a2207e850c91adaf85a62a370422b88f24e09643d4212d1117590b49f10-d_295x166\" data-video-title=\"Mingtiandi Asia Logistics Forum 2021: Spotlight Interview with BW Industrial\" title=\"Play video &quot;Mingtiandi Asia Logistics Forum 2021: Spotlight Interview with BW Industrial&quot;\">https:\/\/player.vimeo.com\/video\/569396803?h=2c597be9b6<\/a><noscript>Video can&#8217;t be loaded because JavaScript is disabled: <a href=\"https:\/\/player.vimeo.com\/video\/569396803?h=2c597be9b6\" title=\"Mingtiandi Asia Logistics Forum 2021: Spotlight Interview with BW Industrial\">Mingtiandi Asia Logistics Forum 2021: Spotlight Interview with BW Industrial (https:\/\/player.vimeo.com\/video\/569396803?h=2c597be9b6)<\/a><\/noscript><\/div>\n<p>Vietnam\u2019s fast-growing economy and robust e-commerce sector have made the country fertile ground for logistics development, a Hanoi-based executive told MTD TV on Wednesday.<\/p>\n<p>Dongwon Kwak, vice president and head of North at BW Industrial, offered his insights into one of Southeast Asia\u2019s most intriguing markets during a spotlight interview with Mingtiandi founder Michael Cole as part of the ongoing Asia Logistics Investment Forum 2021.<\/p>\n<p class=\"p2\" style=\"text-align: center;\"><a data-no-instant=\"1\" href=\"https:\/\/ad.doubleclick.net\/ddm\/trackclk\/N6563.3378992MINGTIANDI\/B30546704.375324595;dc_trk_aid=566156183;dc_trk_cid=192150727;dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;ltd=;dc_tdv=1\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\" aria-label=\"Copy of APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real Estate\"><img decoding=\"async\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate.jpg\" alt=\"\"  srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate.jpg 780w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate-400x128.jpg 400w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate-640x205.jpg 640w\" sizes=\"(max-width: 780px) 100vw, 780px\" width=\"780\" height=\"250\"   \/><\/a><script language='JavaScript1.1' src=\"https:\/\/ad.doubleclick.net\/ddm\/trackimpj\/N6563.3378992MINGTIANDI\/B30546704.375324595;dc_trk_aid=566156183;dc_trk_cid=192150727;ord=+ Date.now();dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;gdpr=${GDPR};gdpr_consent=${GDPR_CONSENT_755};ltd=;dc_tdv=1?\" attributionsrc ><\/script><\/p>\n<p>In the hour-long session, which was sponsored by Yardi, Kwak touched on the trends driving demand for industrial space and made his predictions for the market post-pandemic. From his perch at the warehouse developer set up by private equity giant Warburg Pincus and Vietnamese infrastructure firm Becamex, he\u2019s seen enough data points to appreciate why logistics is having its moment in one of the region\u2019s rising-star economies.<\/p>\n<p>\u201cVietnam continued its positive economic growth even during the pandemic,\u201d he said, noting that foreign direct investment grew by 18.5 percent year-on-year in the first half of 2021 and that global manufacturers like Samsung and Foxconn have built substantial operations in the country.<\/p>\n<h3>Three Demand Drivers<\/h3>\n<p>Kwak pointed to three factors driving demand in Vietnam\u2019s budding logistics sector: the stage of the nation\u2019s industrial development, the shift in global supply chains during the US-China trade war, and the e-commerce boom.<\/p>\n<div id=\"attachment_236388\" style=\"width: 389px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-236388\" class=\"size-full wp-image-236388\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/05\/BW-Mr-Dongwon-Kwak-Vice-President-Head-of-North-1-e1622456570498.jpg\" alt=\"Dongwon Kwak, Vice President &amp; Head of North, BW Industrial Development JSC\" width=\"379\" height=\"404\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/05\/BW-Mr-Dongwon-Kwak-Vice-President-Head-of-North-1-e1622456570498.jpg 379w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/05\/BW-Mr-Dongwon-Kwak-Vice-President-Head-of-North-1-e1622456570498-375x400.jpg 375w\" sizes=\"(max-width: 379px) 100vw, 379px\" \/><p id=\"caption-attachment-236388\" class=\"wp-caption-text\">Dongwon Kwak, vice president and head of North at BW Industrial<\/p><\/div>\n<p>\u201cVietnam is at the inflection point for manufacturing and logistics industry growth, from my point of view,\u201d he said. \u201cIt\u2019s a massive market that is poised to replicate the transformational growth that we witnessed in Japan, in South Korea and most recently in China.\u201d<\/p>\n<p>The trade row led to widespread relocation of manufacturing in the region as companies sought to diversify their production base, and Vietnam was a key beneficiary of the movement.<\/p>\n<p class=\"p1\" style=\"text-align: center;\"><a data-no-instant=\"1\" href=\"https:\/\/www.mingtiandi.com\/real-estate\/events\/oxford-ivanhoe-kic-savills-on-singapore-india-markets\/\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\" aria-label=\"14 NOVEMBER 2023 conrad centennial Singapore\"><img decoding=\"async\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore.jpg\" alt=\"\"  srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore.jpg 780w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore-400x128.jpg 400w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore-640x205.jpg 640w\" sizes=\"(max-width: 780px) 100vw, 780px\" width=\"780\" height=\"250\"   \/><\/a><\/p>\n<p>Perhaps more than anything else, the online shopping revolution is creating demand for a warehouse network to serve the country\u2019s estimated population of 98 million.<\/p>\n<p>\u201cFive out of the top 10 most-visited e-commerce sites in Southeast Asia were Vietnamese sites in the year 2020,\u201d Kwak said, citing research by online shopping aggregator iPrice.<\/p>\n<h3>Short Turnaround Time<\/h3>\n<p>Kwak gave the example of Singapore-based Shopee as a case study of the kind of work BW can do for e-commerce tenants in Vietnam.<\/p>\n<div id=\"attachment_240295\" style=\"width: 790px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-240295\" class=\"wp-image-240295 size-full\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/06\/Tan-Phu-Trung-BTS.jpg\" alt=\"Tan Phu Trung BW\" width=\"780\" height=\"491\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/06\/Tan-Phu-Trung-BTS.jpg 780w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/06\/Tan-Phu-Trung-BTS-400x252.jpg 400w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/06\/Tan-Phu-Trung-BTS-420x264.jpg 420w\" sizes=\"(max-width: 780px) 100vw, 780px\" \/><p id=\"caption-attachment-240295\" class=\"wp-caption-text\">A BW facility at Tan Phu Trung industrial park near Ho Chi Minh City<\/p><\/div>\n<p>\u201cIt took only 10 months from identification of a suitable location to handover of a newly built facility to Shopee,\u201d he said, putting it down to BW\u2019s depth of understanding in land acquisition and rapport with the relevant local authorities.<\/p>\n<p>Kwak was also quick to credit the company\u2019s partners for helping to smooth the path in Vietnam, where BW has 26 projects in seven provinces. In addition to shareholders Warburg Pincus and Becamex, BW has <a href=\"https:\/\/www.mingtiandi.com\/real-estate\/logistics\/esr-enters-vietnam-with-bw-industrial-joint-venture\/\">linked up with Hong Kong-listed logistics titan ESR<\/a> on a deal to develop and own an industrial park near Ho Chi Minh City.<\/p>\n<p>Looking ahead, Kwak sounded a bullish note for Vietnam\u2019s post-COVID prospects as officials there turn their attention to reopening the country.<\/p>\n<p class=\"p1\" style=\"text-align: center;\"><a data-no-instant=\"1\" href=\"https:\/\/www.mipim-asia.com\/?utm_source=mingtiandi&#038;utm_medium=barter_website&#038;utm_campaign=mipimasia2023\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\" aria-label=\"AR-607487_Mipim Asia_23_Banner Resize 780&#215;250\"><img decoding=\"async\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/AR-607487_Mipim-Asia_23_Banner-Resize-780x250-1.jpg\" alt=\"\"  srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/AR-607487_Mipim-Asia_23_Banner-Resize-780x250-1.jpg 780w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/AR-607487_Mipim-Asia_23_Banner-Resize-780x250-1-400x128.jpg 400w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/AR-607487_Mipim-Asia_23_Banner-Resize-780x250-1-640x205.jpg 640w\" sizes=\"(max-width: 780px) 100vw, 780px\" width=\"780\" height=\"250\"   \/><\/a><\/p>\n<p>\u201cThe government recently launched a very aggressive vaccination programme with a goal of completing vaccination for 70 percent of the whole population either by the end of this year or, at the latest, early next year,\u201d he said, and further plans call for reducing quarantine time to seven days for vaccinated visitors instead of the current 21 days.<\/p>\n<p><strong>Watch the full discussion above.<\/strong><\/p>\n<h3>Core Strategies Next<\/h3>\n<p>The Asia Logistics Investment Forum 2021 continues on 6 July with <a href=\"https:\/\/www.mingtiandi.com\/real-estate\/events\/panel-logistics-investment-in-core-apac-strategies\/\">a panel discussion on core logistics strategies<\/a> in Asia Pacific, featuring BW Industrial chief executive Lance Li, JLL Asia Pacific capital markets chief executive Stuart Crow, SC Capital chairman Suchad Chiaranussati and Allianz Real Estate Asia Pacific chief executive Rushabh Desai.<\/p>\n<p><a href=\"https:\/\/www.mingtiandi.com\/real-estate\/events\/panel-investment-in-asia-logistics-development\/\">A panel on development strategies<\/a> on 13 July will feature BW Industrial director Michael Chan, JLL capital markets director Priyank Shah, Logos head of strategic customers Peter Garrison, and Jai Mirpuri of ESR.<\/p>\n<p>The final session on 21 July will focus on <a href=\"https:\/\/www.mingtiandi.com\/real-estate\/events\/panel-logistics-and-ecommerce-in-mainland-china\/\">logistics and e-commerce in mainland China<\/a>, with appearances by Victor Mok, chairman and chief executive of the asset management platform for GLP China, Cushman &amp; Wakefield head of investors services for Asia Pacific Dennis Yeo, and ESR China chief operating officer Zhou Bo.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"container-lazyload container-vimeo js-lazyload--not-loaded\">https:\/\/player.vimeo.com\/video\/569396803?h=2c597be9b6Video can&#8217;t be loaded because JavaScript is disabled: Mingtiandi Asia Logistics Forum 2021: Spotlight Interview with BW Industrial (https:\/\/player.vimeo.com\/video\/569396803?h=2c597be9b6)<\/div>\n<p>Vietnam\u2019s fast-growing economy and robust e-commerce sector have made the country fertile ground for logistics development, a Hanoi-based&#8230;&nbsp;<a href=\"https:\/\/www.mingtiandi.com\/real-estate\/events\/bw-industrial-on-vietnams-logistics-real-estate-mtd-tv\/\">Read&nbsp;More>><\/a><\/p>\n","protected":false},"author":9671,"featured_media":240291,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[3456],"tags":[6795,5382,5359,1594,8380,8400],"ppma_author":[8847],"authors":[{"term_id":8847,"user_id":9671,"is_guest":0,"slug":"christopher-caillavet","display_name":"Christopher Caillavet","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/500c291c35a85a2ad5827cf7c6d198e1?s=96&d=mm&r=g","user_url":"","last_name":"Caillavet","first_name":"Christopher","description":""}],"_links":{"self":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts\/240290"}],"collection":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/users\/9671"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/comments?post=240290"}],"version-history":[{"count":0,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts\/240290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/media\/240291"}],"wp:attachment":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/media?parent=240290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/categories?post=240290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/tags?post=240290"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/ppma_author?post=240290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}