10 Oct 2025
Frasers Property Vietnam breaks ground on SPX Express’s largest sorting centre in Southeast Asia
From left to right: Mr. Truong Anh Tuan - Director of Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) Ky Đong Branch, Ms. Eunice Koh - Assistant Managing Director from the Enterprise Singapore, Mr. Jaya Ratnam, Singapore Ambassadors to Vietnam, Ms. Quyen Tran – Director of SPX Express Vietnam, Mr. Vu Quoc Nghi - Head of Hung Yen Industrial Zone Authority, Mr. Edwin Tan - Deputy CEO, Frasers Property Vietnam and Managing Director, Industrial & Logistics (Southeast Asia), Mr. Truong An Duong - General Manager, Residential & Industrial, Frasers Property Vietnam, Mr. Jason Bay - Country Head (Vietnam), Sea Limited, Mr. Pham Van Tai - Operations Director of the contractor SOL E&C
- Frasers Property to deliver a built-to-suit development for SPX Express in Hung Yen, pioneering Vietnam’s first two-storey cross-dock sorting centre with fully independent traffic flows across separate levels.
- Automated sorting centre to handle up to 7 million parcels per day and is slated to open up more than 3,000 job opportunities for the local workforce.
HUNG YEN, 10 OCTOBER 2025
Frasers Property Vietnam, one of the country’s leading diversified real estate developers, and SPX Express (SPX), a leading logistics partner in Southeast Asia, Taiwan, and Brazil, have broken ground on SPX’s automated sorting centre in Industrial Centre Yen My in Hung Yen province. The groundbreaking follows the strategic collaboration signed between the two companies earlier this year, marking their shared commitment to advancing modern and sustainable logistics infrastructure in Vietnam.
Set for completion in the fourth quarter of 2026 with operations commencing from 2027, the centre, designed by Frasers Property, will introduce a pioneering 170,000 sqm two-storey cross-dock logistics facility – Vietnam’s first built-to-suit development of its kind. Featuring 158 docks connected to over 700 sorting destinations, the innovative design enables fully independent traffic flows across two levels. This allows efficient simultaneous operations and reduces processing time. Once operational, the centre will be able to process up to 7 million parcels daily, becoming SPX’s largest automated sorting centre in Southeast Asia. Together with SPX’s extensive network of branches across 34 provinces and cities, along with 20 large-scale sorting centres with advanced automation, the new facility further reaffirms the company’s commitment to continuous innovation, ensuring faster, more reliable, and sustainable delivery services across the region.
Edwin Tan, Deputy CEO, Frasers Property Vietnam and Managing Director, Industrial & Logistics (Southeast Asia), said, “We are pleased to once again partner with SPX Express with this significant collaboration. Frasers Property’s proven track record in Vietnam has helped many multinationals establish and sustainably grow their manufacturing and supply chain footprint in the market. A built-to-suit project to the scale of SPX’s largest automated sorting centre in Southeast Asia is a testament to our commitment to deliver best-in-class solutions for our customers, helping them scale efficiently and capture new opportunities within the region.”
Quyen Tran, Director of SPX Express Vietnam, shared, “The Hung Yen sorting centre marks a significant milestone in SPX’s journey to strengthen its presence and support sustained growth in Vietnam. It reflects our commitment to building a faster, smarter, and more resilient logistics network that meets the evolving needs of consumers and businesses nationwide. Made possible through close collaboration with Frasers Property and strong support from government partners, this new centre underscores our commitment to building a more connected and sustainable digital economy in Vietnam.”
Industrial Centre Yen My (Phase 1)
Located in Hung Yen province, a major manufacturing and logistics hub in northern Vietnam, Industrial Centre Yen My spans over 265,000 sqm. It has obtained LEED Gold certification, showcasing Frasers Property’s strong commitment to sustainability for modern logistics facilities in Vietnam. With flexible, premium industrial spaces supported by integrated infrastructure, the estate offers complete built-to-suit solutions - from masterplanning and design to construction and management - to meet the needs of businesses of all sizes.
The new facility in Hung Yen follows the successful completion and handover of Frasers Property and SPX’s 106,000 sqm logistics facility in Binh Duong, Ho Chi Minh City, further strengthening the long-term partnership and underscoring both companies’ commitment to expanding Vietnam’s logistics network across key economic regions. Together, the two landmark facilities in northern Hung Yen and southern Ho Chi Minh City form a strategic North-South logistics network, enhancing connectivity and setting a new benchmark for the country’s logistics landscape.
Beyond Hung Yen, Frasers Property has successfully delivered industrial developments in Bac Ninh and Quang Ninh, earning strong recognition and positive feedback from customers. Building on this momentum, Frasers Property is on track to expand its industrial footprint with nearly one million square metres of modern, sustainable space nationwide - reaffirming its vision to be a long-term partner in shaping Vietnam’s next-generation industrial ecosystem.