The facility will cover over 55,000 sq.m of land, with a total floor area of 26,168 sq.m. The project is being developed through a joint venture with Lotte Global Logistics in Vietnam, supported by the global logistics supply chain fund.

Vietnam will become the CPF’s biggest growth driver for years to come, and the listing there will provide new financial resources and also build its recognition in Vietnam.

Vietnam is moving towards allowing foreign investment in low-earth orbit (LEO) satellite technology, as the global industry is currently dominated by international corporations.