CEVA strengthens presence in Vietnam by setting up JV with ITL Group

GLOBAL supply chain management company CEVA Logistics has established a joint venture in Vietnam with long-time partner, Indo Trans Logistics (ITL) Group with a head office in Ho Chi Minh City.

CEVA's presence in Vietnam dates back over 12 years where it began as a representative office with limited function offering freight management services. With the new entity, CEVA Logistics (Vietnam) Co Ltd, the company expects to grow in geographically and its customer base, offer end-to-end integrated supply chain services and strengthen its capabilities.

ITL Group is a transportation logistics and freight forwarding in Vietnam and Indochina, which was set up in 1999 and has since grown to be one of the Top 500 private companies in Vietnam for the last five years. CEVA's global network and supply chain mastery coupled with ITL's local expertise and infrastructure capabilities represent a winning combination for customers, the company explained.

Said CEVA country manager Nelson Chow: "The set up of a fully operational entity in Vietnam realises our long-term vision to establish a strong CEVA presence and service offerings for our customers' needs in Vietnam and in Indochina. Our goal is to develop CEVA as a supply chain provider of choice in the market."

Said ITL country manager Ben Anh: "With ITL's local strength and CEVA's leading global capabilities, we can now truly serve our customers' needs end to end."

CEVA's investment in Vietnam extends the company's footprint in Southeast Asia and reinforces its global presence in over 170 countries.

Said CEVA south east Asia vice president Loo Seng Tak: "Vietnam is a fast developing market in Asia and is strategically located to be an ideal hub for south east Asia and China. There is significant potential for growth in the logistics and supply chain industry in this country. We look forward to enhance our value proposition to our customers and strengthen our long term presence in Vietnam."