Several foreign logistics companies are accelerating their expansion and investment efforts to strengthen their presence in Vietnam, a market with promising growth prospects in the logistics sector.
Flexport, the US-based logistics unicorn, is offering international freight forwarding and supply chain services to clients in Vietnam. The company plans to scale up its operations locally by partnering with ITL, a major infrastructure player in Vietnam. This partnership will integrate assets, technology, and global networks, enhancing Flexport’s ability to serve customers worldwide.
“Our partnership with ITL gives Flexport a competitive edge. This collaboration is a significant opportunity to combine our technology with Vietnam’s infrastructure, enabling substantial automation in the logistics sector. We aim to revolutionize the market by aligning technology with local infrastructure for long-term success,” said Sanne Manders, president of Flexport, in an interview with VIR.
Flexport has already supported over 1,300 factories in Vietnam, helping them transport goods to more than 500 importers worldwide. Vietnam has become a key strategic market for Flexport, ranking as the company’s second-largest ocean freight region after China, with strong growth potential.
The company is also focused on driving trade growth through digital solutions and robust networks, catering to the expanding e-commerce and high-value/electronics sectors, and providing value-added services.
“We see great potential in the future of Vietnam’s logistics industry. There remains a significant opportunity for transformation through infrastructure improvements and the adoption of digital technologies and automation,” Manders added.
Over the past five years, Danish logistics company DSV – Global Transport and Logistics Air & Sea has experienced rapid growth, driven by its merger and acquisition strategy.
Managing Director Eric Herding stated, “DSV Air & Sea is committed to Vietnam, and we are focused on understanding the future service requirements of our customers. One of our current priorities is developing our cross-border trucking capabilities to establish routes between China, Vietnam, Thailand, Malaysia, and Singapore.” Herding also highlighted that the company’s asset-light strategy supports its growth alongside its customers, attracting new clients and expanding capabilities through successful dealmaking.
