Tuesday, September 23, 2014

Another Logistics Group Expands in Asia

Ceva Opens Hanoi Branch Office with an Eye to the Future
Shipping News Feature

VIETNAM – Following yesterday’s story regarding various freight forwarding and logistics outfits expansion in the region, another company with an eye on growing business in Asia is Ceva Logistics which announced today it is to open a new branch office in Hanoi, located at Cau Giay District.

The new site will handle the company’s full range of supply chain and logistics services including airfreight and ocean freight, contract logistics, warehousing and distribution, local transportation and other domestic value added services. Ceva says its established presence in Ho Chi Minh and now in Hanoi underscores the company’s commitment to grow and expand in Vietnam to better serve its customers.

North Vietnam has seen rapid growth in recent years with many multinational companies setting up operations, manufacturing and increased trading activities which require logistics and supply chain support. Significant investments in developing the infrastructural connectivity in and outside of Hanoi with new highways, new airport and seaport connections have helped to position northern Vietnam as a key growth region. Nelson Chow, MD for Vietnam said:

“We are excited to tap the opportunities for growth in north Vietnam. The Hanoi branch office is jointly set up with Ceva’s local partner, ITL Group, a market leader in transportation logistics and Aviation services in Vietnam and Indochina. Ceva’s strong global network and supply chain capabilities, backed by ITL Group’s local knowledge and expertise, enable us to realise our goal to be a logistics provider of choice in the market.”

As with so many other forwarders and logistics operations Ceva sees the region as the most likely to produce reliable growth in the coming decade as Troy Shortell, Ceva’s Executive Vice President of East Asia pointed out, saying:

“Expanding our presence in a fast emerging market like Vietnam is part of our overall growth strategy for the Asia Pacific region. Vietnam’s location between Southeast Asia and China, is an ideal gateway for us to support our customers’ logistics and transportation needs as we see increasing intra-Asia trade.”

Photo: Looking out over Hanoi’s Cau Giay District.