Surpassing nearly 1,000 business candidates in 2022, In Do Trans Logistics Corporation (ITL) was among 172 units recognised with the title based on the criteria of quality, innovation, creativity, and pioneering capacity.
|ITL was honoured to be awarded the Vietnam Value 2022 title |
The honour is part of a specific long-term trade promotion programme from the national government. The programme has become the launching pad for enterprises to confidently reach out to the world, thereby creating value and strength for a prosperous Vietnam.
ITL Corp CEO Ben Anh said, “The title is valuable recognition for us. It is also a testament to ITL’s steadfast efforts. We are also empowered to realise more commitments to contribute to the logistics industry, as well as improving our competitiveness on par with foreign enterprises.”
With nearly 3,000 employees, ITL has more than 40 offices and distribution centres in Vietnam and Indochina. With an extensive network, it has provided top logistics solutions for different industries as well as export and import activities. In the process of increasing transportation productivity, ITL continuously develops new services and products to offer customers innovative solutions at reasonable prices.
ITL has become one of the market leaders in logistics services and solutions, general sales agent for airlines, warehousing services, international freight management, and a nationwide transportation network. During the pandemic peak over 2020 and 2021, ITL was also a pioneer in supplying air freight services for businesses serving Vietnam’s export markets.
Despite the challenging context for the air transport industry last year, ITL still maintained a frequency of scheduled flights and increased the frequency of charter flights, providing flexible transportation solutions for corporate customers and markets. The corporation performed 1,750 flights, including 450 charter flights, to support Vietnamese export and import businesses to deliver goods to the global market. The efforts have contributed to Vietnam’s impressive export results during the global health crisis.
Over the past few years, Vietnam’s logistics industry has played an increasingly important role in the global supply chain. In the first eight months of 2022, the total value of import and export turnover of goods reached $497.64 billion, up 15.5 per cent against last year’s period, of which exports and imports increased by 17.3 and 13.6 per cent, respectively.
As a result, Vietnam’s logistics companies have become more active after two years of restrictions. Service providers have offered enormous support to export and import companies, which is contributing to improving the outlook of the local industry.
Despite several challenges, 2022 has been thus far successful for ITL, which has made several bold moves to complete its core capabilities. The group has generated $500 million in revenues despite global volatility and a sharp decline in transportation demand.
Besides the Vietnam Value title, ITL has scooped up several prestigious awards recently, including at the HR Excellence Awards in the category of employee engagement, Best Companies to Work For in Asia 2022, and Sao Khue – Morning Star, the most prestigious IT field in Vietnam, with software products for eFMS (Excellence Freight Management System), and for eTMS (Excellence Transportation Management System). The group was also honoured at the Asian Technology Excellence Awards for its eFMS.
In terms of sustainable development, ITL reached the Top 50 in the Corporate Sustainability Awards 2022 for the first time.
In addition, ITL has been ranked in the Top 500 Most Profitable Companies in Vietnam for six consecutive times, Top 50 Best Companies in Vietnam for eight consecutive years, and the Top 500 Biggest Companies in Vietnam for 16 years in a row. The group also received a certificate of merit from the minister of industry and trade for its achievements in developing Vietnam’s logistics industry in the 2020-2021 period.
Discussing the goals ahead, CEO Ben Anh said that over the next five years, the goal is to become a bright star on the regional and global map with revenues reaching the billion-dollar mark.
“It is certain that this journey will be challenging but interesting. We will continue to make efforts to achieve our goals. Besides that, we also continue to build a sharing logistics ecosystem for other businesses to take advantage and optimise costs for users. We are also making investments in technology as part of our Digitalise Logistics strategy, with a view to accelerating the digital transformation of Vietnam’s logistics industry,” Ben Anh said.
| ||Heading towards the eighth Vietnam Value Programme |
Amid Vietnam’s march towards international economic integration, the recognition of national brands that offer the highest quality and the most innovative products plays a crucial role. For the next itineration, the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency and the secretariat of the Vietnam Value Programme will select the next round’s contenders by the end of March 2022.
| ||Vietnam Value Programme gears up for brand supremacy |
Amid its integration into global markets, Vietnam’s government has been emphasising the role of national brands with the Vietnam Value Programme, which will head into its next round in March to select those companies and products that will be further supported in the domestic and overseas markets.
| ||Vietnam recognises 325 products as national brands |
In 2022, 172 businesses with a total of 325 products were honoured as Vietnam's national brands.