Vinalines partners up with Hoa Phat-Dung Quat Steel

December 17, 2017 | 10:23

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Vietnam shipping giant Vinalines on December 15 signed a co-operation agreement with Hoa Phat Dung Quat Steel JSC in the fields of training, seaport exploitation, transportation, material and equipment import, and products distribution.

Vinalines and Hoa Phat-Dung Quat leaders signing the co-operation pact

The signing ceremony was part of the Vietnam Logistics Forum 2017 co-organised by the Ministry of Transport, the Ministry of Industry and Trade, the World Bank, and Vietnam Logistics Business Association (VLA).

"Joining such an event is a good opportunity for Vinalines to expand its market share, seek business partnership with domestic and foreign partners as well as introduce logistics services to potential customers," said Le Quang Trung, deputy general director of Vinalines.

Currently, the shipping giant owns a fleet with a total loading capacity of over two million tonnes, accounting for around 26 per cent of Vietnam's national shipping fleet. This enables Vinalines to meet requirements of shippers and contribute to the country's expanded trading network.

Vinalines, which has stakes in 14 port companies and operates over 13,000 metres of piers with a total capacity of 70 million tonnes of cargo a year, is attracting the attention of many influential international groups.

Meanwhile, Hoa Phat is a multi-sector group. The production of steel and coke coal-related products, as well as iron ore is the group's key business line, making up around 80 per cent of the group's total revenue.

Also at the forum, businesses, VLA members, and universities signed co-operation agreements to promote logistics development in Vietnam in the future.

As part of the forum, the Vietnam Logistics Report 2017 was published. This publication includes action plans to promote the development of the Vietnamese logistics sector. The website www.logistics.gov.vn also made its debut on this occasion.

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