DHL confirms more investment in Vietnam
DHL confirms more investment in Vietnam
DHL Express is taking steps to boost investment in Vietnam to prepare for the opportunities arising from the country’s further integration into the world’s economy.
Jerry Hsu, chief executive officer of DHL Express in Asia Pacific, emphad the company’s increasing investment in Vietnam at its 25th anniversary function in the country in HCMC last week.
“We will continue to invest in Vietnam,” Hsu stressed after reviewing the milestones of DHL Express in this market at the 25th anniversary celebration. He also confirmed this new investment at a meeting with reporters before the function last Friday with an aim to expand its business and capitalize on Vietnam’s determination to join the ASEAN Economic Community, the Trans-Pacific Partnership and the Free Trade Agreement with the European Union.
Hsu said DHL became the first international express company to set up business in Vietnam in 1988, when the country opened its doors to international trade. DHL Express had signed its joint venture agreement with Vietnam Post in Hanoi in 2006 before the country became member of the World Trade Organization.
Hsu told reporters that having built a successful business model was one of the significant achievements of DHL Express in Vietnam. “We have continuously grown in the last 25 years with double-digit paces. We have gained a significant market share,” he said.
He clarified as DHL Express committed to long-term investment, Vietnam’s temporary economic setback was not a big concern for the company because it had managed to go through economic cycles of ups and downs in other markets.
“I think Vietnam, to us, will continue to grow with a healthy pace,” Hsu said.
DHL Express has spent much on infrastructure development, including service centers, depots and airside facilities as well as human resource and new vehicles. “We have invested some US$25 million over the past 7-8 years and we will continue to expand our investment in this market.”
As a clear indicator, DHL is developing a new building near Tan Son Nhat Airport to serve as an office and service center and a gateway to support its business expansion. Planned for opening next year, this integrated building of nearly 5,000 square meters for warehouse, service and office facilities is more than double the space of its current building in HCMC.
“The more opening of this market will give us more opportunities to facilitate trade between Vietnam and the rest of the world, particularly the North Asian markets: Korea, Japan, China, Hong Kong and Taiwan. So, the growth is there.”
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