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MOL and Mitsubishi Estate Jointly Invest in Logistic Facility Project in Vietnam
February 27, 2026
TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that it has invested in the Logicross Hai Phong logistics facility development project led by Mitsubishi Estate Co., Ltd. (President and CEO: Atsushi Nakajima; Head Office: Chiyoda-ku, Tokyo) in Hai Phong located in Northern Vietnam. This marks MOL's first entry into the logistics facility ownership in Vietnam and will further accelerate the expansion of its logistics business in Southeast Asia.
MOL Group is advancing a business portfolio transformation under its "BLUE ACTION 2035" management plan to secure stable earnings that are less susceptible to fluctuations in the shipping market. A key initiative is strengthening the "Logistics Infrastructure" (Note 1) segment within its logistics business. The plan also promotes regional strategies to enhance global expansion, with Southeast Asia-a region showing sustained economic growth-positioned as a critical priority area for the group. The property, developed primarily by the Mitsubishi Estate Group, was completed in October 2025, and began operations in November. MOL decided to participate in this project after confirming that it aligns with its initiatives to deepen collaboration with Mitsubishi Estate Group as well as its dual objectives of portfolio transformation and regional strategy.
This property is strategically located in the Nam Dinh Vu Industrial Park, close to major infrastructure such as Lach Huyen Port, the largest deep-water port in northern Vietnam, and Cat Bi International Airport. It also offers superior access to Hanoi, the largest consumer market in the north, as well as the Chinese border region.
The facility's versatile design offers advanced functionality, presenting opportunities to serve a wide range of businesses. It also incorporates a highly resilient structure designed to withstand typhoons and other weather conditions specific to northern Vietnam. Additional features include motion-sensor LED lighting and state-of-the-art water-saving and fire-suppression systems. The logistic facility earned EDGE Advanced certification under the EDGE certification system (Note 2) recognized by the International Finance Corporation (IFC). It is one of the few cutting-edge logistic facilities in Vietnam designed to prioritize both environmental sustainability and employee wellbeing.
(Overview of the Property)
| Location | Nam Dinh Vu Industrial Park, Hai Phong City, Northern Vietnam (Address: Land Lot CN14, Nam Dinh Vu Non tariff and Industrial Park (Zone 1), within the Dinh Vu–Cat Hai Economic Zone, Dong Hai 2 Ward, Hai Phong City, Vietnam) |
|---|---|
| Structure | Two single-story ambient temperature warehouses (10 sections in total) |
| Scale | Site Area: Approx. 151,000 m2; Total Floor Area: Approx. 88,300 m2 |
| Completion Date | October 2025 |
| Investment Ratio | Mitsubishi Estate: 50%; MOL: 50% |
| MOL's Investment | Approx. USD 16 million |
MOL Group will continue to expand its logistics operations in Southeast Asia and further stabilize earnings in the logistics sector. Moving forward, the group will deepen collaboration with local partners, steadily secure new business in high growth markets, and work to strengthen its business portfolio while enhancing sustainable corporate value.
(Note 1) "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.
(Note 2) Economic Dividends for Gender Equality (EDGE) is a green building certification system established by the International Finance Corporation (IFC), part of the World Bank Group, to certify environmentally conscious buildings and promote sustainable investment. EDGE Advanced corresponds to Level 2 of the system's three-tier certification structure.
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-".
