HCMC – Panalpina World Transport (Vietnam) Co., Ltd, a subsidiary of Panalpina, the global forwarding and logistics service provider, on Thursday made its first public appearance in HCMC.
Panalpina set up the company in Vietnam through a joint venture with a local partner in Vietnam, after nearly 15 years of operating here as a representative office.
The new office in HCMC is located at the Seagull Building, 39B Truong Son Street, Tan Binh District, next to the Tan Son Nhat International Airport and the international cargo terminal.
The Vietnam unit will support Panalpina’s goals to further grow and increase its market shares, particularly in the field of supply chain management and project shipments as well as in oil and gas, retail, fashion and telecommunications, according to Panalpina.
Panalpina CEO Monika Ribar Baumann told the opening ceremony that Panalpina Vietnam was an important member of the worldwide Panalpina family which incorporates a network linking all major trade lanes. The group operates own organizations in over 80 countries. The strength of the group is one of the big assets of this company, combining global know-how and purchasing power with local expertise, Baumann said.
Vietnam plays an important role in Panalpina’s strategy to gain an additional market share in Asia and to become a partner of choice for seamless supply chain management solutions, she said.
Despite the current financial and economic crisis, Panalpina continues to invest in its service portfolio, product development and staff education, she said, adding that opening the office of its new subsidiary in HCMC would allow the group to expand business activities. Vietnam is a potential market for Panalpina, she said.
Matthew Mahoney, managing director of Panalpina World Transport (Vietnam) Co., Ltd, told the Daily he believed his company would grow in Vietnam, despite the increasingly bad news about the state of the global economy and the financial markets.
Vietnam attracted a lot of big investors last year, especially in the north, so they will deploy their projects soon, he said.
Panalpina has been present in Vietnam for almost 20 years, and has achieved considerable growth and had a fruitful relationship with its long-time partner Vinatrans, one of the major Vietnamese freight forwarding companies under the Ministry of Trade (now the Ministry of Industry and Trade).
Panalpina Vietnam last year increased its ocean freight volumes by about 14% and its air freight tonnage by 24% year-on-year. A major milestone was set in December 2008 when the company became fully operational.
“Panalpina is one of the leading providers of supply chain management and transport services in Vietnam. Last year, with some 70 employees we achieved major growth in the ocean freight and air freight business field. And we will continue to grow,” Baumann said.
The financial and economic crisis has impacted on Panalpina, said Monika. “As a global logistics and transport company we are directly affected if less products are produced and sold, thus the global trade volumes are growing less than in previous years, or even declining.”
Panalpina set up the company in Vietnam through a joint venture with a local partner in Vietnam, after nearly 15 years of operating here as a representative office.
The new office in HCMC is located at the Seagull Building, 39B Truong Son Street, Tan Binh District, next to the Tan Son Nhat International Airport and the international cargo terminal.
The Vietnam unit will support Panalpina’s goals to further grow and increase its market shares, particularly in the field of supply chain management and project shipments as well as in oil and gas, retail, fashion and telecommunications, according to Panalpina.
Panalpina CEO Monika Ribar Baumann told the opening ceremony that Panalpina Vietnam was an important member of the worldwide Panalpina family which incorporates a network linking all major trade lanes. The group operates own organizations in over 80 countries. The strength of the group is one of the big assets of this company, combining global know-how and purchasing power with local expertise, Baumann said.
Vietnam plays an important role in Panalpina’s strategy to gain an additional market share in Asia and to become a partner of choice for seamless supply chain management solutions, she said.
Despite the current financial and economic crisis, Panalpina continues to invest in its service portfolio, product development and staff education, she said, adding that opening the office of its new subsidiary in HCMC would allow the group to expand business activities. Vietnam is a potential market for Panalpina, she said.
Matthew Mahoney, managing director of Panalpina World Transport (Vietnam) Co., Ltd, told the Daily he believed his company would grow in Vietnam, despite the increasingly bad news about the state of the global economy and the financial markets.
Vietnam attracted a lot of big investors last year, especially in the north, so they will deploy their projects soon, he said.
Panalpina has been present in Vietnam for almost 20 years, and has achieved considerable growth and had a fruitful relationship with its long-time partner Vinatrans, one of the major Vietnamese freight forwarding companies under the Ministry of Trade (now the Ministry of Industry and Trade).
Panalpina Vietnam last year increased its ocean freight volumes by about 14% and its air freight tonnage by 24% year-on-year. A major milestone was set in December 2008 when the company became fully operational.
“Panalpina is one of the leading providers of supply chain management and transport services in Vietnam. Last year, with some 70 employees we achieved major growth in the ocean freight and air freight business field. And we will continue to grow,” Baumann said.
The financial and economic crisis has impacted on Panalpina, said Monika. “As a global logistics and transport company we are directly affected if less products are produced and sold, thus the global trade volumes are growing less than in previous years, or even declining.”
0 comments:
Post a Comment