- Published 2026.10.20 07:28
Buys Daiwa House's DPL Long Duc; secures key southern logistics hub
Adjacent to Long Thanh new airport and port, favorable for land-sea-air logistics network
CJ Logistics has acquired a premium logistics center in Dong Nai Province, a key logistics hub in southern Vietnam. The move is aimed at accelerating its push into the ASEAN market by securing high-quality assets with well-developed infrastructure amid surging logistics demand in Vietnam driven by global supply chain restructuring.
According to global real estate services firm Cushman & Wakefield on Oct. 19, CJ Logistics completed the acquisition contract with Japanese property developer Daiwa House on Oct. 16. The acquired facility is DPL Vietnam Long Duc, a 20,843-square-meter logistics center within the Long Duc Industrial Park in Dong Nai Province.
The acquired logistics center, completed in September 2023, is a multi-tenant rental facility located at a logistics hub in the key economic zone of southern Vietnam. It is 60 minutes from downtown Ho Chi Minh City and 40 minutes from Cat Lai Port, and only 20 minutes from the under-construction Long Thanh International Airport, giving it a favorable location for building a land-sea-air logistics network. It also offers excellent access to nearby industrial clusters such as Binh Duong and Ba Ria-Vung Tau via the north-south expressway network.
Dong Nai Province accounts for about 32% of the total existing warehouse supply in the key economic zone of southern Vietnam as of the second quarter, making it a region with concentrated logistics infrastructure. Demand is solid, with factory leasing demand up 4% year-on-year and the absorption rate of existing warehouses reaching 88.4%, making vacant space hard to find.
Thanh Nguyen, industrial and office services manager at Cushman & Wakefield Vietnam, which advised on the deal, said, "There is growing interest from end users in acquiring existing high-quality facilities directly, rather than leasing space or securing land for development in Vietnam's industrial and logistics market." He added that this reflects a trend of increasing demand for assets that can generate cash flow in the short term.
CJ Logistics' latest investment marks a full-fledged move to independently expand its logistics business in Vietnam. In April 2026, CJ Logistics acquired a 100% stake in its logistics joint venture with Gemadept, Vietnam's top integrated logistics company, making it a wholly owned subsidiary. Earlier in March, it signed a strategic partnership with Gemadept to optimize logistics and shipping operations, continuing close cooperation.
CJ Logistics' Vietnamese subsidiary currently operates 24 logistics centers across Vietnam with a total infrastructure of 450,000 square meters. With the acquisition of the Dong Nai logistics center as a springboard, it is expected to complete a dense nationwide operating network and further strengthen its dominance in the Southeast Asian logistics market.
※ This article is an AI translation of the Korean original published by Korea Credit News; it was checked by automated quality guards and published by the English edition desk.
