DHL - the global market leader of the international express and logistics industry will invest US$ 14 million in Viet Nam in the next five years through its joint venture with the Viet Nam Post and Telecommunications Corporation (VNPT).
Scott Price, chief executive of DHL Express Asia Pacific said that: The US$ 14 million is the beginning what I see to be a long-term investment in Vietnam, similar to the investments we've made in other developing economies like China. He added that the investment aims to improve its transport facilities, expand services to industrial zones and use modern transport vehicles to serve Viet Nam's fast economic growth.
DHL Express will invest the funds in new facilities in Hanoi, Ho Chi Minh, Haiphong and Danang, as well as fleet upgrades, direct service expansion to key industrial zones, and new vehicles. The joint venture, 51 percent owned by DHL Express, will start operating in 2007.
According to Peter Landsiedel, chief executive of DHL Global Forwarding Asia-Pacific, the turnover of Viet Nam's air express service reached around US$ 32 million in 2005 and is expected to rise by 19 percent in the next five years. So the prospects going forward because of entry into the World Trade Organization are bright. “DHL really wants to take advantage of the fact that the economy is now developing much faster”, he added.
Last year, DHL's businesses in Vietnam together handled 11 million kilograms of air freight and 11,700 TEUs, or twenty-foot equivalent units.
DHL Express leads the industry with a 40 per cent market share and handles nearly one million shipments per year in Viet Nam, while DHL Logistics is one of Viet Nam’s top five forwarders. After 18 years of cooperation with VNPT, DHL has set up agencies in 10 provinces and cities around Viet Nam with its headquarters located in HCM City
DHL’s commitment in Vietnam and in Asia Pacific investment has announced that it too will be increasing and strengthening its ties with Vietnam by continuing initiatives with their appointed agent, Macs Shipping, on staff training, technological upgrade, and developing customs clearance.
DHL have been very active in working with the Vietnamese government toward customs reform and hosted various summits in key sectors including textiles and apparel, footwear and furniture, as well as the emerging finance and technologies export sectors
DHL has invested more than $1.7 billion in the Asia-Pacific region. It plans to expand its facility at South Korea, Indochina and ASEAN, and inaugurate a new Bangkok hub within a week.
Nowadays, DHL's international network links more than 220 countries and territories worldwide. 285,000 employees are dedicated to providing fast and reliable services that exceed customers' expectations. The group generated revenues of €45 billion in 2005.
Huong Ly
Vietnamese
