DHL boosts investment in roaring Vietnam

DHL EXPRESS VIETNAM's volumes increased more than 30 per cent year on year in the first quarter of 2010 as the country makes the strongest post-recession recovery in the region.

"The recovery for both Vietnam and DHL is being powered by intra-Asia trade," said John Pearson, CEO, DHL Asia-Pacific and EEMEA. "Sixteen of Vietnam's top 20 trade lanes are intra-Asia, all of which have rebounded strongly in 2010, especially those in south east Asia. After shrinking in Q1 2009, the US has also recovered but Asia-Pacific trade lanes dominate both Vietnam's imports and exports."

Vietnam's export revenue jumped 26 per cent year on year from January to April 2010 (excluding precious metals) and industrial output grew 13.5 per cent over the same period. Best performing sectors included electronics and computers, which rose 39 per cent to US$985 million and exports of tools and spare parts, which rose 75 per cent to $910 million, a DHL statement said.

"Vietnam is powering ahead and so is DHL," said Mr Pearson. "As a result of Vietnam's positive attitude to foreign direct investment, more than 100 of our own global customers are already here and more are either are setting up shop in Vietnam and/or increasing their investment in the country. As logistics are key to business and economic success, we go where our customers need to go. So we are increasing our investment in Vietnam to ensure that we keep supporting fast growing companies and industries that play a major role in the country's overall growth."

In April this year, DHL Express enhanced its own commitment to the Vietnam express and logistics market with the launch of its $5 million Ho Chi Minh Gateway. The facility is located at the new Tan Son Nhat Cargo Express Service airside facility also includes a security system and facilities for temperature-controlled shipments in addition to more work space and better amenities for staff.

Vietnam's GDP is expected to grow between 6.2 per cent and 7.8 per cent per year between 2010 and 2014. 
(Source:www.schednet.com)