CEVA Logistics expands in Vietnam
A larger presence driven by Vietnam’s continuing economic expansion and increased customer demand for exports.
September 11, 2019
By PLA Editor
CEVA Logistics officially opened its new facility in Ho Chi Minh City, Vietnam, doubling the size of its local operation.
CEVA’s new facility, strategically 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 will enable CEVA Logistics to further develop its best-in-class services in Vietnam.
Vietnam, a strategic market for CEVA Logistics
CEVA has a long-established presence in Vietnam 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. In line with the country’s economic growth over the last two years, CEVA’s own business has grown rapidly in both freight management and contract logistics and with increasing customer demand across the board making the move to newer, larger premises essential.
The World Bank is indeed predicting that Vietnamese economic growth will continue to be around the 6.5% per annum mark in coming years, particularly as a result of the free trade agreements (FTAs) which Vietnam signed with the European Union and the USA in 2016. The agreements include abolishing certain customs duties and creating easier market access. This makes Vietnam an even more attractive production country for many companies.