Vietnam’s appeal as a destination for foreign logistics providers is rising on the back of its expanding retail market.
In order to accomplish the revenue target of US$90 billion by 2020, CJ Group (the Republic of Korea) must dominate all four key business areas in which the group is expanding its business activities. Therefore, continuously acquiring targeted companies appears to be the fastest way.
The Gemadept Corporation (GMD) has completed the transfer of capital in its two subsidiary firms to CJ Logistics Corporation of the Republic of Korea, the Vietnamese company has announced.
CJ Logistics proposes a higher price than competitor Taekwang Industry Company to take over Gemadept, the largest logistics firm in Vietnam, aiming to realise its ambition to become one of the five largest logistics firms in the world, according to newswire TheInvestor.co.kr.
VOV.VN - Postal and logistics companies have set their sights on the growing middle class of Vietnam, a market they view as the next e-commerce battleground in Southeast Asia, experts have said.
Local listed firms remain hesitant to remove conditional business lines from their charter to lift foreign ownership limits.
While many moguls are pouring huge amounts in agriculture, some investors are quietly retreating from the field.