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ietNamNet 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.
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 Nguyen. |
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 Nguyen.
However, the cooperation with Minh Phuong is another story. The owner of the company was once praised by Bloomberg as the ‘logistics Queen’ of Vietnam. To take part in the domestic logistics market, where road transport makes up 65 percent of the market share, joining hands with Minh Phuong was the most efficient choice. Tiếp tục đọc “Samsung sets up logistics company as market heats up” →
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