Rhenus sets up own entity in Vietnam

German logistics services provider Rhenus is in the process of establishing a wholly-owned company in Vietnam after the country relaxed foreign ownership rules earlier this year to allow majority holdings with one hundred per cent foreign investment.


Rhenus sets up own entity in Vietnam


German logistics services provider Rhenus is in the process of establishing a wholly-owned company in Vietnam after the country relaxed foreign ownership rules earlier this year to allow majority holdings with one hundred per cent foreign investment. As soon as the registration process for Rhenus Logistics Vietnam LLC has been completed, the operating business will be transferred to the new company. Experienced Swiss logistics executive, Peter Schüpbach, who has been working in Vietnam for more than 15 years has been recruited as managing director.

“We’ve significantly expanded our presence in Asia during the last few years – whether it’s in Singapore, Thailand or Myanmar. However, we were still missing an independent company in Vietnam within our Southeast Asian network.

The country is an important and stable partner within the ASEAN association and it is opening up to an increasing degree. As a result of establishing this new firm, we’ll be able to offer an even more extensive network and continue expanding our services,” said Rhenus CEO, Klemens Rethmann. Aside from Ho Chi Minh City the company is already planning to set up branches in other Vietnamese cities like Hanoi and Da Nang.