Hong Kong-headquartered NVD Asia Logistics has just opened its Vietnam office in Ho Chi Minh City and looks to Hanoi for the next site in the fast-growing market.
The firm, a partnership between Dutch company Neele-Vat Logistics and Germany’s Doerrenhaus in the same industry, is expanding in Asia. It opened eight offices in mainland China and Hong Kong last year, while the newest in HCMC is its ninth in the continent.
“NVD Asia is young and dynamic, we maintain close relationships with our clients and we offer accountability. We cover the whole supply chain for our clients, and we’re a one-stop shop,” said Kim Pham, country manager of NVD Asia Logistics Vietnam.
“We cover everything within the supply chain, and all our clients have to do is to sit back and let us do the work,” he said in a company release Monday.
HCMC is the largest economic hub in Vietnam, a new production destination for multinationals, and a booming e-commerce market. Vietnam’s logistics industry is also booming as a result of the country’s rising status as a manufacturing hub.
Kim, born and grew up in the Netherlands with Vietnamese roots, has been working on this project in Vietnam since 2021 after he was approached by Dutch logistics firm Neele-Vat.
One of the outcomes of his future plans is to declare Hanoi as the best possible location to establish a second NVD Asia location in Vietnam.
A report released late this October by Google, Temasek and Bain & Company said Vietnam was the fastest-expanding digital economy in Southeast Asia.
The Vietnamese digital economy’s gross merchandise value (GMV) is projected to grow 28% year-on-year to $23 billion this year, up from $18 billion in 2021, bolstered by a 26% growth in e-commerce, the report said.