CEVA Logistics taps into Vietnam's growth with Ho Chi Minh City facility
August 31, 2019: CEVA Logistics has doubled the size of its local operation in Vietnam with a new facility in Ho Chi Minh City.
(L-R) Chris Eom - CEVA Freight Management Sales & Hanoi branch manager, Vietnam, Axel Herzhauser - CEVA senior vice president, business development, South East Asia, Michael Yip - CEVA senior vice president, Freight Management, South East Asia, Sven Mueller CEVA country head, Freight Management, Vietnam, Elaine Low - CEVA executive vice president, South East Asia, Nicolas Sartini, CEVA CEO and Alfred Whitman - CEVA head of contract logistics, Thailand
August 31, 2019: CEVA Logistics has doubled the size of its local operation in Vietnam with a new facility in Ho Chi Minh City.
The Ho Chi Minh City facility is strategically located close to the two cargo terminals of the country's busiest airport Tan Son Nhat International, and a short drive from the container port of Cat Lai.
It will further enable CEVA Logistics to develop its best-in-class services in Vietnam, a country in which the company has had a long-established presence. CEVA also has a facility in the capital city of Hanoi.
Calling Vietnam "one of the most dynamic and fast-growing markets in East Asia", CEVA claimed that its business over the last two years had grown rapidly in both freight management and contract logistics and with increasing customer demand across the board making the move to newer, larger premises essential.
Nicolas Sartini, chief executive officer, CEVA Logistics said, “With CEVA’s demonstrated competencies in air, ocean and ground already well established, our flexible business model has also enabled us to move quickly to tap into Vietnam’s new opportunities for growth. Thanks to our dedicated staff, our long experience, and now our expanded footprint, we are ready to help our customers grow their operations in Vietnam and beyond.”
The World Bank has predicted that Vietnamese economic growth will continue to be around the 6.5 percent per annum mark in coming years. The Free Trade Agreements (FTAs) which Vietnam signed with the European Union and the USA in 2016 include abolishing certain customs duties, which will create easier market access. This would make the country more attractive for businesses.
