Vinalines Logistics’ profit growth projected at least 10 percent

Economy, Vietnam, Vietnam Finance News

VNA
Sunday, February 10, 2019 – 17:19:00 Print

Vinalines Logistics eyes at least 10 percent in profit growth. (Photo: VNA)

Hanoi (VNA) – Vinalines Logistics Vietnam Joint Stock Company (Vinalines
Logistics) will improve logistics services and expand operational network in a
bid to realise its target of attaining at least 10 percent in profit growth.

General Director of the company Mai Le Loi said that the firm will open more warehouses
in Ha Nam and Vinh Phuc provinces to serve demand of Honda Vietnam Company
Limited.

An
expansion will take place at a logistics centre of the Hanoi-based Hoa Lac
Hi-Tech Park to satisfy the need of Japanese investors, he added.

Regarding domestic logistics activities, increasing the number of refrigerated
containers on North-South transport route and improving door-to-door delivery
services will be focused.

Meanwhile, the firm will cooperate with foreign partners to develop its
international maritime logistics. For railway transport, the company will work
to better capacity on the route from Hai Phong and Yen Vien-Dong Dang to
China’s Nanjing and then European countries.

Touching
on the company’s performance in 2018, Loi said that Vinalines Logistics raked
in an estimated 3.5 trillion VND (150.8 million USD) in total revenue, and over
20 billion VND (861,700 USD) in after-tax profit.-VNA

QBCA

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