Damco Announces US$ 4Mln Investment in New Logistics Centre

On August 24, Damco - one of the largest providers of domestic and international logistics solutions in Vietnam – announced investment of more than US$4 million in a new integrated logistics centre at Binh Duong, 25 kilometres from Ho Chi Minh City.

 

Specifically, Damco will fully operate the 26,000 square metres custom-built warehouse, built by Thai Binh Shoes Logistics (TBSL). The facility will support Damco’s growth strategy as it looks to strengthen its network presence in Vietnam, with nine existing sites totalling 37,000 square meters of warehouse facilities at key gateways nationwide.

 

“Vietnam is a key market for Damco and we will continue to invest in infrastructure, technology and people to support the increasing demands from our customers here. We have taken an active role supporting the advancement of the domestic logistics industry by working with private and government sectors to improve supply chain efficiency in Vietnam,” said Tony Hotine, Chief Executive of Damco, Asia Pacific.

 

Damco is a pioneer in the logistics sector in Vietnam, with more than 400 employees, and has been operating and investing in the country for more than 15 years.