Vietnam logistics attracts Japanese, Korean investors

According to the Ministry of Industry and Trade of Vietnam, Merge and Acquisitions (M&A) investment in logistics services tends to grow strongly in Vietnam.

(Illustrative photo:SGGP)

(Illustrative photo:SGGP)

It is the cooperation between logistics enterprises with a purpose of sharing profits from exploiting the advantages of infrastructure and transport, as well as increasing the competitiveness of logistics services chain.

Japan and South Korea are recognized as the two countries with dominated capital in field of logistics in Vietnam.

At the beginning of July, the Vietnam Maritime Corporation (VIMC) signed a joint venture contract with Suzue -Japanese partner on business activities in field of transport and logistics.

Besides that, Sumitomo Group has just cooperated with Suzuyo Company and a Japanese public-private investment fund in the infrastructure investment spending nearly US$40 million to buy 10 percent of Gemadept Joint Stock Company Vietnam.

Recently, Mitsui O.S.K Lines (MOL) Group visited and surveyed Vinh Tan International Port (VTIP) to consider ability of its container ships transporting imported coal from Indonesia to VTIP port.

In addition to the Japanese capital source, capital from the Republic of Korea is also pouring into logistics which is expected to open new cooperation opportunities in Vietnam.

The notable deal is Samsung SDS (subsidiary of Samsung Group) and Aviation Logistics Corporation (ALS) to establish a joint-venture ALSDS, participating in logistics business at the Noi Bai International Airport. Earlier, Samsung SDS also signed with Minh Phuong Logistics to exploit the potentiality of domestic freight transport market by road.

 

 

BY MINH HAI- Translated by Huyen Huong

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