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Warehousing giant GLP launches $1.5bn joint venture in Vietnam

Singapore company bets on COVID success story as trade moves from China

A GLP warehouse outside Prague, Czech Republic. The big logistics company sees huge growth potential in Vietnam, a country with a dynamic population that has had success halting the spread of COVID-19.

HO CHI MINH CITY -- Asia's biggest warehouse operator GLP is debuting in Vietnam through a $1.5 billion joint venture, betting that demand for logistics services will rise in Southeast Asia as brands diversify their supply chains away from China.

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