Vietnam TCL to Set up VND68.7B Depot and Port Service Subsidiary
Tan Cang Logistics and Stevedoring JS Company (coded-TCL) will establish a depot and port service subsidiary with a registered capital of VND68.7 billion (US$3.6 million) in the southern province of Ba Ria-Vung Tau.
The 14.8-hectare A Chau Investment and Service Joint Stock Company will serve container ships at Cai Mep-Thi Vai port and facilitate good transports in local industrial parks.
Construction on the new affiliate, which specializes in providing container forwarding, transportation and handling services, is scheduled to start late this year and finish in the second quarter of 2011.
The Hochiminh Stock Exchange-listed TCL, an affiliate of Tan Cang Sai Gon Holding Company, now accounts for 40% of logistics and stevedoring market share in southern Vietnam.
P.V
Vietnamese
