CEVA Logistics has opened a new facility in Ho Chi Minh City, Vietnam, doubling the size of its local operation with the aim to further develop its services.
The facility is located a short drive from the Cat Lai container port, close to the two cargo terminals of the country’s busiest airportTan Son Nhat International, and will help CEVA continue to serve one of the fastest growing markets in East Asia.
Nicolas Sartini, chief executive officer of CEVA Logistics said: “With CEVA’s demonstrated competencies in air, ocean and ground already well established, our flexible business model has also enabled us to move quickly to tap into Vietnam’s new opportunities for growth.
“Thanks to our dedicated staff, our long experience, and now our expanded footprint, we are ready to help our customers grow their operations in Vietnam and beyond.”
The World Bank has predicted that Vietnamese economic growth will continue to be around the 6.5% per annum mark in the coming years, particularly as a result of the free trade agreements (FTAs) Vietnam signed with the European Union and the USA in 2016.
Included within these agreements is the abolishment of certain custom duties and creating easier marketing access which may make Vietnam more attractive as a production company for many companies.
In line with Vietnam’s economic growth over the past two years, CEVA’s business has also grown rapidly in both freight management and contract logistics which has led to the larger premises becoming essential.