Mitsui O.S.K. Lines, Ltd. (MOL) and Mitsubishi Estate Co., Ltd. announced they invested in a logistics facility in Hai Phong in Northern Vietnam.
MOL President & CEO Takeshi Hashimoto and Mitsubishi Estate president and CEO Atsushi
Nakajima announced the joint venture on February 26, 2026 in Tokyo.
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” 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 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
MOL Group said it 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.
