Home Economy

Courier firm to expand

May 17th at 10:32
17-05-2013 10:32:00+07:00

Courier firm to expand

DHL Supply Chain, a company that provides contract logistics solutions, announced yesterday that it would expand its business operations in Viet Nam with an investment of 10 million euros (US$13 million) in facilities and IT solutions.

Most of the investment will cover new facilities, a transport fleet and IT systems for warehousing and transportation management.

The company also expects to increase its staff by at least 170 per cent, to 2,200 from the current 800 by 2015.

Its warehouse space in Viet Nam will increase from the current 91,000 sq m to over 141,000 sq.m, and the transport fleet will expand by over 160 per cent to more than 100 vehicles within two years.

The company has also announced that its second 10,000-sq m built-to-suit distribution centre, in the northen province of Bac Ninh, is due for completion in the third quarter.

With these new investments, the company hopes to strengthen its position especially in the retail, consumer, technology and automotive sectors, according to Jan Willem Winkelhuijzen, DHL's manager in Viet Nam.

vietnamnews

MOST READ

NEWS SAME CATEGORY

Chinese province struts its stuff at City fair
ECONOMY May 17th at 10:31

Chinese province struts its stuff at City fair

More than 110 companies from the south-eastern Chinese province of Zhejiang have brought their products to an exhibition which opened yesterday in HCM City, hoping...

Trade with Mexico up in first quarter
ECONOMY May 17th at 10:30

Trade with Mexico up in first quarter

Two-way trade between Viet Nam and Mexico reached US$199 million in the first quarter of this year, up 1.01 per cent compared to the same period last year.

Vietnam turning Chinese refuse tip?
ECONOMY May 17th at 10:14

Vietnam turning Chinese refuse tip?

Chinese toxic products have been flooding the Vietnamese market for the last many years. However, the problem has become more serious, more alarming, because they...

Foreign businesses struggle with complicated admin procedures
ECONOMY May 16th at 10:19

Foreign businesses struggle with complicated admin procedures

Customs procedures were still so cumbersome that businesses had to waste much of their time, said a representative from Canon Viet Nam, which has been operating in...

VN rises as smartphone producer
ECONOMY May 16th at 10:17

VN rises as smartphone producer

Japan's prestigious economic daily Nihon Keizai on Tuesday ran an article saying that Viet Nam is becoming a leading smartphone producer in the world.

Dearth of society investment hurts economy
ECONOMY May 15th at 15:43

Dearth of society investment hurts economy

The consequences of sharply declining investment within society have come into sharp focus.

Agro-forestry-fishery sector boosts overseas investment
ECONOMY May 15th at 14:08

Agro-forestry-fishery sector boosts overseas investment

Vietnamese businesses are intensifying investment abroad in the agro-forestry-fishery sector to expand their markets and save production and transport costs.

National carrier refueling IPO plans
ECONOMY May 15th at 10:02

National carrier refueling IPO plans

Vietnam Airlines is developing a timeline for its much-delayed domestic initial public offering and overseas strategic offers, expected to be finalised in the next...

Vietnam vows not to let foreigners touch its material growing areas
ECONOMY May 15th at 10:00

Vietnam vows not to let foreigners touch its material growing areas

The Vietnamese laws clearly stipulate that foreign businessmen are not allowed to collect materials directly from Vietnamese farmers. However, they still have been...

Positive signs on economy as NA meets
ECONOMY May 15th at 09:58

Positive signs on economy as NA meets

The economy showed positive signs in the first quarter of this year, the National Assembly (NA) Standing Committee was told yesterday. It was also told that GDP...

Read More

MOST READ

Back To Top