CJ Group has further big plans for Vietnam
following a $73.6 million controlling stake purchase of Vietnam’s leading
cinema owner and film distributor.
The
investment into Megastar Media Company will be conducted via the business
cooperation contract signed between CJ GLS, one of its member companies and CT
Land, a member company of CT Group, one of leading logistics developers in
Vietnam. Under the agreement, CJ GLS will corporate with CT Land to develop and
operate CT Land’s logistics projects in Binh Duong province, Danang City and
Bac Ninh province.
Tran
Kim Chung, chairman of CT Group, said that CJ GLS invested at least $20 million
for facilities and machines into the 18,000 square metre Song Than logistics
zone, located at the 7.64 hectare Song Than complex zone in Binh Duong
province, while CT Land poured about $12 million to develop the logistics
zone’s basic infrastructure.
Chung
said the 18,000sqm Song Than logistics zone was opened in 2012’s first quarter.
The alliance between CT Land and CJ GLS was part of a plan to expand a 8,000sqm
logistics zone nearby the existing Song Than logistics zone, construct the
30,000sqm logistics area in Bac Ninh province and the CT Song Than Danang
logistics zone in Danang.
CT
Land’s expected investment capital for the logistics area in Bac Ninh province
and Danang City was $15 million and $8 million, respectively, according to
Chung. Chang Bok Sang, president of CJ GLS Vietnam did not reveal CJ GLS’ total
investment in the above logistics zones, but was expected to be larger than CT
Land’s investment.
“The
market is bigger than expectation and still offers golden opportunities for
professional foreign logistics and supply chain management service providers,”
said Sang. With total logistics services are available across the globe with 71
partners and 25 own subsidiaries in 12 countries, CJ GLS is considered as one
of the world’s leading logistics and supply chain management service providers.
In Vietnam, CJ GLS provides container transportation, warehousing, products
export, and inland transport in Ho Chi Minh City and Hanoi.
Due to
Vietnam’s geographical landscape, the company plays an important role in
connecting the north and the south through container transportation. In Hanoi,
its major business is in air freight forwarding for portable telecommunications
equipments for multinational enterprises and constantly expanding our air
freight services. Currently, an exclusive air cargo charter is being operated
once a week from Hanoi to Singapore, North Africa, Turkey, Middle East, and
other countries.
In
addition, CJ GLS also provide freight forwarding, ground transportation, and
warehousing services.
Thanh
Thuy | vir.com.vn
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Strategy, Investment and Management, focusing Healthcare and Life Science with expertise in ASEAN. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programmes. Many thanks for visiting www.yourvietnamexpert.com and/or contacting us at contact@yourvietnamexpert.com
Dear
Reader,
May I
invite you to visit our new blog: IIMS-Asean http://iims-asean.blogspot.com/
News
and activities of the International Institute of Medicine and Science Asean
Chapter of IIMS, Inc. California, USA - Health care, Life Science, Education,
Research, Philanthropy. Asean is the economic organisation of ten countries
located in South East Asia: Brunei Darussalam, Cambodia, Indonesia, Lao PDR,
Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. IIMS is a
non-profit organization.
No comments:
Post a Comment