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MOL (Asia Oceania) invests in Ready-Built Factory Development Project in Vietnam under the CapitaLand SEA Logistics Fund (CSLF)
September 18, 2025
TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that MOL (Asia Oceania) Pte. Ltd. (Managing Director: Sakura Kuma; Head Office: Singapore), MOL's regional headquarters for Southeast Asia and Oceania, is investing in the development of a Ready-Built Factory at Song Khoai Industrial Park in Quang Ninh, Vietnam. This investment is made through MOL’s existing interest in CapitaLand SEA Logistics Fund (CSLF) which is managed by CapitaLand Investment (CLI; Head Office: Singapore), a leading global real asset manager with a strong Asia foothold (note1).
MOL celebrated the groundbreaking of the project on 16 September 2025, signifying a new chapter in its Vietnam expansion. The event was attended by representatives from partner companies and local government officials, underscoring their shared commitment to the successful completion of this development.
As the first of its kind in Vietnam, the Ready-Built Factory at Song Khoai Industrial Park sets a new benchmark for modern industrial infrastructure in the country. The development will strengthen Quang Ninh's capacity to accommodate increasing trade volumes and investment demand by offering manufacturers modern plug-and-play factory spaces that reduce upfront capital expenditure, shorten time-to-market, and enable a seamless start to operations. The purpose-built development will provide flexible rental factory spaces with customisable units designed to accommodate a wide range of operational models.
The development also addresses key operational challenges such as workforce availability and supply chain reliability. With easy access to a cost-effective and readily available labour pool, manufacturers are well-positioned to efficiently recruit talent, ensuring stable and scalable operations. Together, these features position the development as a catalyst for operational excellence, workforce development, and the continued growth of Vietnam's industrial and logistics landscape. The Ready-Built Factory at Song Khoai Industrial Park is currently under development and is expected to be completed in phases by January 2027.
This investment aligns with MOL Group's BLUE ACTION 2035 management plan, under which the Group is reforming its business portfolio to enhance stable profit-earning businesses and ensure profitability even during ocean shipping recessions. As part of this strategy, the group is expanding its logistics and industrial business, particularly through the growth of its "Logistics Infrastructure"(Note 2) segment. In line with the management plan's promotion of Regional Strategy to shift to a global business structure, these business investment projects are led by the Regional Organization for Southeast Asia and Oceania.
Artist's Impression of the Ready-Built Factory at Song Khoai Industrial Park under CapitaLand SEA Logistics Fund
<Overview of the Ready-Built Factory at Song Khoai Industrial Park>
| Location | Amata Song Khoai Industrial Park (Street No. 6, Song Khoai Industrial Park, Hiep Hoa Ward, Quang Ninh, Vietnam) |
|---|---|
| Structure | 3 Blocks, with 8 High-Specifications Semi-Detached Ready-Built Factory units |
| Scale | Total Site Area: ~64,000 m2; Net Lettable Area: ~41,000 m2 |
| Estimated Project Cost | SGD$31.2 million |
| Estimated Completion Date | Phase 1 (Block 3): By early 2026 Phase 2 (Blocks 1 & 2): By January 2027 |
| Asset/Leasing Enquiries | Please refer to CLI website here: High-Specifications Semi-Detached Ready-Built Factory in Quang Ninh, Vietnam | CLI |
(Note 1) Please see the press release below for the first project.
MOL (Asia Oceania) Invests in Joint Development/Investment 'Logistics Infrastructure' Projects in Southeast Asia - Accelerating Business Development Centered on State-of-the-art Automated Warehouses in Key Areas - | Mitsui O.S.K. Lines
(Note 2) "Logistics Infrastructure" projects refer to the ownership of logistics and industrial facilities, such as warehouses and factories, which are leased to cargo owners, forwarders and manufacturers. This is distinct from the MOL group's core logistics business, which is forwarding services that handle sea and air freight.
MOL Group 5 Sustainability Issues
MOL Group identifies "Sustainability Issues" (Materiality) as our key issues for sustainable growth with society through realization of the Group Vision.
We anticipate this initiative to contribute especially to the realization of "Safety & Value -Provide added value through safe transportation and our social infrastructure business-."
