CEVA Logistics today (30 August) opened a new facility in Ho Chi Minh City, Vietnam, doubling its footprint in the fast-growing Southeast Asian city.
The facility is strategically located close to the two cargo terminals of the country’s busiest hub Tan Son Nhat International Airport, and a short drive from the container port of Cat Lai will enable CEVA to further develop services in Vietnam.
CEVA Logistics has a long-established presence in Vietnam at Ho Chi Minh City and in the capital city of Hanoi, serving one of the most dynamic and fast-growing markets in East Asia.
In line with the country’s economic growth over the last two years, CEVA said its business has grown rapidly in both freight management and contract logistics and with increasing customer demand across the board making the move to newer, larger premises essential.
CEVA Logistics said the World Bank is predicting that Vietnamese economic growth will continue to be around the 6.5 per cent a year mark in coming years, particularly as a result of the free trade agreements (FTAs) which Vietnam signed with the European Union and the US in 2016. The agreements include abolishing certain customs duties and creating easier market access.
The third-party logistics company said Vietnam’s “remarkable development” record along with its enhanced ability to connect with the world’s biggest economies, makes it an ideal import and export hub and a strategic destination for companies looking to build manufacturing facilities in Southeast Asia.
CEVA Logistics CEO, Nicolas Sartini said: “With CEVA’s demonstrated competencies in air, ocean and ground already well established, our flexible business model has also enabled us to move quickly to tap into Vietnam’s new opportunities for growth.
“Thanks to our dedicated staff, our long experience, and now our expanded footprint, we are ready to help our customers grow their operations in Vietnam and beyond.”