CEVA Logistics has opened a new facility in Ho Chi Minh City, Vietnam, doubling the size of its operation there. The facility is located close to the two cargo terminals of the country’s busiest airport Tan Son Nhat International, and a short drive from the container port of Cat Lai.
CEVA has a long-established presence in Vietnam, both at Ho Chi Minh City and in the capital city of Hanoi serving one of the most dynamic and fast-growing markets in East Asia. The World Bank predicted that Vietnamese economic growth will be around the 6.5% per annum in coming years, in part due to the free trade agreements (FTAs) which Vietnam signed with the European Union and the USA in 2016, abolishing certain custom duties and making access to the market easier.
Vietnam’s growth rate and its ability to connect with the world’s biggest economies, makes it an ideal import/export hub and a strategic destination for companies looking to build manufacturing facilities in Southeast Asia.
CEVA stated that its own business has been growing rapidly in both freight management and contract logistics, in line with Vietnam’s own development, and that increasing customer demand across the board made the move to newer, larger premises essential.
Nicolas Sartini, Chief Executive Officer, CEVA Logistics said: “Our flexible business model has enabled us to move quickly to tap into Vietnam’s new opportunities for growth, and we are ready to help our customers grow their operations in Vietnam and beyond.”
Source: CEVA Logistics
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