Samsung sets up logistics company as market heats up

CVD

Last update 16:00 | 10/08/2017
VietNamNet Bridge – Setting up a logistics joint venture with Minh Phuong, Samsung has shown that it wants to jump into a new business field in Vietnam. But the move may trigger a new war in the domestic logistics market.vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, Samsung, logistics services, SYK

For the majority of Vietnamese, Samsung means smartphone, TV and washing machine. However, the South Korean investor has been taking steps towards the logistics markets.

Before joining hands with Minh Phuong, Samsung teamed up with ALS, also a logistics company, to manage the goods terminal at Noi Bai Airport, one of the two largest airports in Vietnam.

Samsung’s involvement in the management at the goods terminal at Noi Bai helps Samsung ensure delivery time and smooth operation of the supply chain. Noi Bai is the biggest export portal for Samsung’s electronic exports manufactured at its two factories in Bac Ninh and Thai…

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