DHL Forwarding pledges some more Vietnam investments

“I’m here to recognise the importance of Vietnam, a key market to visit this year,” said DHL Global Forwarding CEO Roger Crook during his visit to Vietnam last week.

“We see Vietnam as a very strong growth market. Our business here is very successful,” Crook said, adding that his company enjoyed double-digit growth in Vietnam in the recent years.    

Crook said his firm would continue to increase investment in Vietnam to maintain its market leading position.

Crook also said he was seeing more multinational companies move their manufacturing facilities down to Vietnam from China and this meant business growth was set to grow more.

Regarding the increasing investment capital in Vietnam the future, Crook said it depended on Vietnam’s economic growth and his company’s growth.

The air, ocean and road freight firm’s key customer sectors in Vietnam include oil and gas, technology, retail (both exporters and importers), manufacturing and healthcare, said DHL Global Forwarding Vietnam CEO Clement Blanc.

Blanc said DHL already had a complete coverage needed to serve customers effectively across Vietnam, such as offices in the regional hubs of Ho Chi Minh City, Hanoi and Danang, northern  Haiphong port city and southern Ba Ria-Vung Tau province, the nation’s energy hub. Late this August, the company launched its direct Less-than-Container-Load (LCL) service between Malaysia’s Port Kelang and Ho Chi Minh City.

Marc Meier, DHL’s global head for LCL management, said two-way trade between Vietnam and Malaysia exceeded  $4 billion in value last year, but that measures to increase bilateral trade could push the value up to $10 billion this year.