Madison, NJ – Third-party logistics provider Damco and Vietnamese warehouse owner HTM (Construction and Mechanic HTM, JSC) have opened a new warehouse in northern Vietnam to support key fashion/retail customers whose sourcing patterns are centered there.
The new 24,000 square foot warehouse “will enable Damco to play a dual role as a warehousing & distribution hub as well as a gateway to attract customers who are actively trading to/from South China via this corridor – a key focus for Damco’s future development in the North of Vietnam,” the company said.
The warehouse was constructed to C-TPAT standards and is strategically located in Haiphong, Vietnam’s third largest city and one of the country’s most important seaports.
The warehouse offers a total combined space of 24,000 square feet. It is built to very high international and C-TPAT standards, is well positioned to support increased volumes, and offers modern safety, security and fire-fighting systems.
A key focus during construction and operation is the reduction of carbon emissions in accordance with the company’s long-standing environmental policy.
The long-term HTM – Damco partnership is expected to lead to the eventual development of more than 60,000 square feet of warehousing space in Vietnam over the next three years.
Damco, part of the Denmark-based Maersk Group, is a pioneer in the logistics sector in Vietnam with more than 500 employees there and has been operating and investing in the country for more than 20 years.