Sydney-based LOGOS enters Vietnam market with $350mln logistics venture

The Vietnam venture which will have modern, high-quality logistics facilities across the key markets of Ho Chi Minh, Hanoi and Danang is to take advantage of increasing demands in the country.

It has established Logos Vietnam Logistics Venture, a joint with an unidentified global investor. Logos said this new Venture is the fourth venture it closed this year, with the group raising over $1 billion throughout the region despite the current market disruptions.

Through this Venture, the firm and its investment partner aims to establish a modern, quality portfolio of logistics facilities to support local and international customers’ growth across Vietnam.

“Our move into Vietnam is an important step in our regional growth strategy driven by customers’ needs and we are pleased to be partnering with a leading global institutional investor as part of this move,” said Logos’ Managing Director and Co-CEO, Trent Iliffe.

“Being able to establish this new Venture in the midst of the COVID-19 pandemic is testament to Vietnam’s exciting growth story, which is driven by the global trade wars, decentralisation of supply chains and a natural evolution of this market, and LOGOS’ proven track record across South East Asia,” he added.

After establishing South East Asia business in 2016, the firm has undertaken a targeted growth program across the region from Singapore, to Indonesia, Malaysia and now Vietnam.

Logos is a dynamic and growing logistics specialist with operations across Australia, China, Singapore, Indonesia, Korea, Malaysia, Vietnam, India and New Zealand. Its shareholders include ARA Asset Management, a leading Asia Pacific real assets fund manager with $80 billion in gross assets under management globally.