Illinois-based SEKO Logistics recently celebrated the opening of a new headquarters office in Ho Chi Minh City and other facility and staff additions across Vietnam, a press release reported.
“This new office represents our long-term investment in a country where the high availability of suppliers and proficient manufacturing is driving international orders and growth. With the Vietnamese government’s intention to increase the country’s logistics capacity over the next decade, this is the right time to make this commitment not only for our growth, but for the success of our clients, as well,” said Anthony Barnes, president – Asia Pacific at SEKO Logistics.
Forming part of SEKO’s effort to expand and invest in Vietnam, the launch follows SEKO’s Bansard acquisition in 2021, and other investments this year related to transportation and logistics services.
Spanning 300,000 square meters of multifunctional warehouses, the new establishment will offer a market-leading logistics network and a catalog of logistics services to clients.
Featuring a domestic trucking network, Weekly LCL/MCC and domestic ocean freight, and a dedicated group of in-house customs brokerage, it joins two similar launches in Hano and Da Nag.
Vietnam’s GDP is estimated to grow by 8% year-end following delays and suspensions caused by the pandemic, while local foreign trade is expected to surpass $780 billion. The country also expects to see an export growth rate of approximately 9.5% by the end of this year.
“With Vietnam’s rising manufacturing output, attractive labor costs and strong economic growth, SEKO is already seeing growth in its share of fashion, apparel, footwear, high-tech and automotive exports to Europe, North America and Japan,” a recent press release states.