UPS expands Vietnam footprint
UPS and P&T Express JSC (known domestically as VN Post Express JSC) have established UPS Vietnam as a joint stock company to expand UPSÃ¢â‚¬™ footprint and better serve customers in Vietnam. Through the joint stock company, UPS said it will invest in new facilities in key commercial and industrial centres across Vietnam to widen access […]
June 1, 2010
The new JV is aimed at providing customers with a single source for Vietnamese businesses to use not only UPS express and expedited small package services, but also UPS transportation and supply chain capabilities that include freight forwarding, Customs brokerage and contract logistics warehousing and distribution.
The UPS Vietnam head office will be located in Ho Chi Minh City and led by Jeff McLean, who was appointed general manager of UPS in Vietnam earlier this year. The expanded UPS presence in Vietnam is expected to further enhance the countryÃ¢â‚¬™s status as a rapidly emerging market for global trade, the group said. Immediately after Vietnam joined the World Trade Organisation in 2007, US exports to Vietnam alone grew by 73 per cent to reach US$1.9 billion.